Research Department

MAMAMANCINI'S HOLDINGS, INC.

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Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Updated Research Note (Dated 02/05/2020)

Symbol: MMMB

Analyst: Howard Halpern

Taglich Rating: Speculative Buy

Price Target: $1.90

Time Horizon: 12 Months

Rating Established: November 20, 2017

Price When Established: $1.25

Most Recent Report: February 5, 2020

Price When Issued: $1.42

What's New

MMMB Announces Operational Improvement Initiatives

On February 27, 2020, MMMB announced a new initiative to review, assess and improve firm-wide operational and manufacturing plant efficiencies. The company engaged consulting firm 15/16 Group, to conduct efficiency studies in order to streamline and accelerate MamaMancini’s operations, particularly within the manufacturing plant. Management believes there are opportunities to improve operational efficiency and throughput using the same labor and facility utilized today

Additionally, the company is installing another holding freezer, as well as new packaging equipment, and designing an improved, more efficient loading dock that should increase throughput with no added labor costs.

Capital expenditures associated with the ongoing operational improvement initiatives are expected to be nominal and principally financed through the company’s existing bank line.

Company Description

MamaMancini’s Holdings, Inc., headquartered in East Rutherford, NJ, is a specialty prepared foods marketer and distributor of natural, authentic Italian meatballs containing beef, turkey, chicken, and pork combined with its homemade slow cooked Italian sauce and other Italian products.