Bank of New York Mellon Corp Has $796,000 Stock Holdings in Mama’s Creations, Inc. (NASDAQ:MAMA)

Bank of New York Mellon Corp raised its stake in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 312.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,165 shares of the company’s stock after buying an additional 89,527 shares during the period. Bank of New York Mellon Corp owned about 0.32% of Mama’s Creations worth $796,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Bard Associates Inc. bought a new position in Mama’s Creations during the fourth quarter valued at approximately $5,688,000. Wasatch Advisors LP bought a new position in shares of Mama’s Creations during the 4th quarter valued at $19,069,000. Perritt Capital Management Inc. acquired a new stake in shares of Mama’s Creations in the 4th quarter valued at $1,369,000. First Eagle Investment Management LLC acquired a new stake in shares of Mama’s Creations in the 1st quarter valued at $1,164,000. Finally, Aristides Capital LLC bought a new stake in Mama’s Creations in the fourth quarter worth $576,000. Institutional investors and hedge funds own 45.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Craig Hallum boosted their price target on Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Roth Mkm restated a “buy” rating and issued a $10.00 target price (up from $8.50) on shares of Mama’s Creations in a report on Wednesday, September 11th. Finally, Lake Street Capital increased their price target on Mama’s Creations from $7.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Mama’s Creations has a consensus rating of “Buy” and a consensus price target of $10.00.

Mama’s Creations Stock Down 3.4 %

Shares of NASDAQ MAMA opened at $7.75 on Monday. The company has a current ratio of 1.37, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $288.79 million, a PE ratio of 51.67 and a beta of 1.05. The firm’s 50-day moving average is $7.81 and its 200-day moving average is $6.65. Mama’s Creations, Inc. has a 1 year low of $3.31 and a 1 year high of $8.69.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Mama’s Creations had a return on equity of 25.53% and a net margin of 4.51%. The company had revenue of $28.38 million during the quarter, compared to analysts’ expectations of $27.80 million. During the same period in the prior year, the business posted $0.05 EPS. Equities analysts expect that Mama’s Creations, Inc. will post 0.14 EPS for the current year.

Mama’s Creations Company Profile

Mama's Creations, Inc, together with its subsidiaries, manufactures and markets prepared refrigerated foods primarily in the United States. The company offers beef and turkey meatballs, meat loaf, chicken, sausage-related products, and pasta entrees; and hot bars, salad bars, prepared foods, sandwich, and cold deli and foods-to-go sections.