Research Department

MAMAMANCINI'S HOLDINGS, INC.

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Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Updated Research Report (Dated 09/17/2020)

Symbol: MMMB

Analyst: Howard Halpern

Taglich Rating: Speculative Buy

Price Target: $3.25

Time Horizon: 12 Months

Rating Established: November 20, 2017

Price When Established: $1.25

Most Recent Report: September 19, 2020

Price When Issued: $2.00

What's New

MamaMancini’s Announces Plant-Based Meatball Authorizations

On October 14, 2020, MMMB announced it secured new product placements with tier-1 national retailer accounts for its Plant-Based Meatballs made with Beyond Meat®, Pasta Bowls, and Beef Meatballs and Sauce.

The company’s plant-based meatballs will be placed at 159 The Fresh Market locations. Additional placements for its plant-based meatballs will occur at 189 Hannaford Foods locations and at a combined 550 Winn Dixie, Bi-lo, and Harvery's locations along with four pasta bowl items, as well as its standard beef meatballs and sauce. Shipments should begin by the end of the quarter ending October 31, 2020.

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.