FY2023 EPS Estimates for MamaMancini’s Holdings, Inc. Reduced by Analyst (OTCMKTS:MMMB)

MamaMancini’s Holdings, Inc. (OTCMKTS:MMMBGet Rating) – Taglich Brothers cut their FY2023 earnings per share (EPS) estimates for MamaMancini’s in a report issued on Monday, September 19th. Taglich Brothers analyst H. Halpern now expects that the company will post earnings per share of ($0.02) 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 lowered shares of MamaMancini’s from a “b-” rating to a “c-” rating in a report on Friday, June 10th.

MamaMancini’s Stock Down 0.9 %

Shares of OTCMKTS:MMMB opened at $1.08 on Thursday. MamaMancini’s has a 52-week low of $1.02 and a 52-week high of $2.75. The company has a quick ratio of 0.84, a current ratio of 1.22 and a debt-to-equity ratio of 1.28. The business has a fifty day moving average of $1.38 and a two-hundred day moving average of $1.50. The stock has a market cap of $39.22 million, a P/E ratio of -18.00 and a beta of 1.19.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new stake in MamaMancini’s in the first quarter valued at $30,000. AE Wealth Management LLC acquired a new stake in shares of MamaMancini’s during the 2nd quarter worth about $70,000. Advisor Group Holdings Inc. raised its holdings in MamaMancini’s by 1,566.7% in the 4th quarter. Advisor Group Holdings Inc. now owns 50,000 shares of the company’s stock valued at $101,000 after buying an additional 47,000 shares during the period. B. Riley Wealth Management Inc. lifted its position in 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 during the last quarter. Finally, Alpha Cubed Investments LLC boosted its stake in MamaMancini’s by 13.5% during the first quarter. Alpha Cubed Investments LLC now owns 63,200 shares of the company’s stock worth $106,000 after buying an additional 7,500 shares during the period. 12.50% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading

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

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