MamaMancini’s Holdings, Inc. (OTCMKTS:MMMB – Get 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 %
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
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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