Fmr LLC Grows Stock Position in Mama’s Creations, Inc. (NASDAQ:MAMA)

Fmr LLC boosted its stake in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 23,422.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,175 shares of the company’s stock after acquiring an additional 5,153 shares during the quarter. Fmr LLC’s holdings in Mama’s Creations were worth $38,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Annex Advisory Services LLC boosted its stake in shares of Mama’s Creations by 693.5% during the third quarter. Annex Advisory Services LLC now owns 714,308 shares of the company’s stock valued at $5,214,000 after purchasing an additional 624,289 shares during the period. First Eagle Investment Management LLC boosted its position in Mama’s Creations by 166.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 619,376 shares of the company’s stock valued at $4,175,000 after buying an additional 386,542 shares during the period. Renaissance Technologies LLC grew its holdings in Mama’s Creations by 75.1% in the 2nd quarter. Renaissance Technologies LLC now owns 441,200 shares of the company’s stock worth $2,974,000 after acquiring an additional 189,247 shares during the last quarter. VELA Investment Management LLC increased its position in shares of Mama’s Creations by 87.9% in the second quarter. VELA Investment Management LLC now owns 387,152 shares of the company’s stock valued at $2,609,000 after acquiring an additional 181,088 shares during the period. Finally, Conestoga Capital Advisors LLC bought a new position in shares of Mama’s Creations during the third quarter valued at about $1,205,000. 45.18% of the stock is currently owned by institutional investors.

Mama’s Creations Stock Down 0.5 %

MAMA stock opened at $7.56 on Thursday. Mama’s Creations, Inc. has a fifty-two week low of $4.17 and a fifty-two week high of $9.98. The company has a market capitalization of $284.16 million, a price-to-earnings ratio of 58.16 and a beta of 1.10. The business’s 50 day moving average price is $8.41 and its two-hundred day moving average price is $7.84. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.17 and a current ratio of 1.37.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings data on Monday, December 16th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Mama’s Creations had a return on equity of 25.53% and a net margin of 4.51%. During the same period in the prior year, the company posted $0.05 earnings per share. As a group, analysts forecast that Mama’s Creations, Inc. will post 0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MAMA. Lake Street Capital raised their target price on Mama’s Creations from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Craig Hallum boosted their target price on Mama’s Creations from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Finally, Roth Mkm reiterated a “buy” rating and issued a $11.00 price target (up previously from $10.00) on shares of Mama’s Creations in a report on Tuesday, December 17th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $10.67.

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.