MamaMancini's Holdings, Inc. (OTCMKTS:MMMB – Get Rating) – Equities research analysts at Taglich Brothers dropped their FY2023 earnings per share (EPS) estimates for MamaMancini's in a research note issued on Monday, September 19th. Taglich Brothers analyst H. Halpern now anticipates that the company will post earnings of ($0.02) per share for the year, down from their prior estimate of $0.09. The consensus estimate for MamaMancini's' current full-year earnings is $0.09 per share. Taglich Brothers also issued estimates for MamaMancini's' Q4 2023 earnings at $0.01 EPS and Q4 2024 earnings at $0.05 EPS.

Separately, TheStreet cut MamaMancini's from a "b-" rating to a "c-" rating in a research note on Friday, June 10th.

MamaMancini's Stock Down 0.9 %

Hedge Funds Weigh In On MamaMancini's

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in MamaMancini's during the 1st quarter worth $30,000. AE Wealth Management LLC purchased a new position in MamaMancini's during the second quarter worth about $70,000. Advisor Group Holdings Inc. lifted its position in MamaMancini's by 1,566.7% in the fourth quarter. Advisor Group Holdings Inc. now owns 50,000 shares of the company's stock valued at $101,000 after purchasing an additional 47,000 shares during the period. B. Riley Wealth Management Inc. boosted its stake in shares of MamaMancini's by 100.2% in the second quarter. B. Riley Wealth Management Inc. now owns 73,055 shares of the company's stock valued at $102,000 after buying an additional 36,565 shares in the last quarter. Finally, Alpha Cubed Investments LLC boosted its stake in shares of MamaMancini's by 13.5% during the 1st quarter. Alpha Cubed Investments LLC now owns 63,200 shares of the company's stock worth $106,000 after acquiring an additional 7,500 shares in the last quarter. Hedge funds and other institutional investors own 12.50% of the company's stock.

MamaMancini's Company Profile

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MamaMancini's Holdings, Inc manufactures and distributes prepared, frozen, and refrigerated food products primarily in the United States. The company offers beef and turkey meatballs, beef meat loaf, chicken parmesan, and sausage-related products and pasta entrees with Italian sauce; and other related meats and sauces.

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