MamaMancini's Holdings, Inc. (OTCMKTS:MMMB – Get Rating) – Analysts at Taglich Brothers cut their Q3 2023 earnings estimates for MamaMancini's in a research report issued on Monday, September 19th. Taglich Brothers analyst H. Halpern now expects that the company will post earnings per share of ($0.01) for the quarter, down from their prior forecast of $0.03. The consensus estimate for MamaMancini's' current full-year earnings is $0.09 per share. Taglich Brothers also issued estimates for MamaMancini's' Q2 2024 earnings at $0.03 EPS, Q3 2024 earnings at $0.04 EPS and FY2024 earnings at $0.14 EPS.
Get MamaMancini's alerts:Separately, TheStreet downgraded shares of MamaMancini's from a "b-" rating to a "c-" rating in a research note on Friday, June 10th.
MamaMancini's Stock Performance
OTCMKTS:MMMB opened at $1.08 on Wednesday. The company's 50 day moving average is $1.39 and its 200-day moving average is $1.50. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.22 and a quick ratio of 0.84. MamaMancini's has a 12 month low of $1.02 and a 12 month high of $2.75.Institutional Investors Weigh In On MamaMancini's
Several institutional investors and hedge funds have recently made changes to their positions in the company. Bard Associates Inc. raised its holdings in shares of MamaMancini's by 4.0% in the first quarter. Bard Associates Inc. now owns 1,009,240 shares of the company's stock valued at $1,685,000 after buying an additional 39,000 shares during the last quarter. National Asset Management Inc. raised its holdings in shares of MamaMancini's by 6.1% in the first quarter. National Asset Management Inc. now owns 241,450 shares of the company's stock valued at $404,000 after buying an additional 13,827 shares during the last quarter. Alpha Cubed Investments LLC raised its holdings in shares of MamaMancini's by 13.5% in the first quarter. Alpha Cubed Investments LLC now owns 63,200 shares of the company's stock valued at $106,000 after buying an additional 7,500 shares during the last quarter. Anchor Capital Advisors LLC raised its holdings in shares of MamaMancini's by 98.8% in the first quarter. Anchor Capital Advisors LLC now owns 104,935 shares of the company's stock valued at $175,000 after buying an additional 52,150 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of MamaMancini's by 61.4% in the first quarter. Vanguard Group Inc. now owns 332,476 shares of the company's stock valued at $555,000 after buying an additional 126,485 shares during the last quarter. Institutional investors and hedge funds own 12.50% of the company's stock.
About MamaMancini's
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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.
Further Reading
- Get a free copy of the StockNews.com research report on MamaMancini's (MMMB)
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