MamaMancini’s Holdings, Inc. to Post Q3 2023 Earnings of ($0.01) Per Share, Taglich Brothers Forecasts (OTCMKTS:MMMB)

MamaMancini’s Holdings, Inc. (OTCMKTS:MMMBGet Rating) – Equities research analysts at Taglich Brothers reduced their Q3 2023 earnings per share estimates for shares of MamaMancini’s in a report issued on Monday, September 19th. Taglich Brothers analyst H. Halpern now forecasts that the company will post earnings of ($0.01) per share for the quarter, down from their previous estimate 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.

Separately, TheStreet lowered MamaMancini’s from a “b-” rating to a “c-” rating in a research report on Friday, June 10th.

MamaMancini’s Price Performance

Shares of MMMB opened at $1.08 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 0.84 and a debt-to-equity ratio of 1.28. The stock has a 50 day simple moving average of $1.39 and a 200 day simple moving average of $1.50. MamaMancini’s has a 52-week low of $1.02 and a 52-week high of $2.75.

Hedge Funds Weigh In On MamaMancini’s

A number of large investors have recently bought and sold shares of the company. Bard Associates Inc. boosted its position in MamaMancini’s by 3.7% during the 2nd quarter. Bard Associates Inc. now owns 1,046,890 shares of the company’s stock worth $1,466,000 after acquiring an additional 37,650 shares during the last quarter. Vanguard Group Inc. boosted its position in MamaMancini’s by 61.4% during the 1st quarter. Vanguard Group Inc. now owns 332,476 shares of the company’s stock worth $555,000 after acquiring an additional 126,485 shares during the last quarter. National Asset Management Inc. boosted its position in MamaMancini’s by 6.1% during the 1st quarter. National Asset Management Inc. now owns 241,450 shares of the company’s stock worth $404,000 after acquiring an additional 13,827 shares during the last quarter. Anchor Capital Advisors LLC boosted its position in MamaMancini’s by 39.7% during the 2nd quarter. Anchor Capital Advisors LLC now owns 146,550 shares of the company’s stock worth $205,000 after acquiring an additional 41,615 shares during the last quarter. Finally, B. Riley Wealth Management Inc. boosted its position in MamaMancini’s by 100.2% during the 2nd quarter. B. Riley Wealth Management Inc. now owns 73,055 shares of the company’s stock worth $102,000 after acquiring an additional 36,565 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

Earnings History and Estimates for MamaMancini's (OTCMKTS:MMMB)

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