20,889 Shares in Mama’s Creations, Inc. (NASDAQ:MAMA) Bought by Principal Financial Group Inc.

Principal Financial Group Inc. acquired a new stake in Mama’s Creations, Inc. (NASDAQ:MAMA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 20,889 shares of the company’s stock, valued at approximately $152,000. Principal Financial Group Inc. owned approximately 0.06% of Mama’s Creations as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the company. Planning Capital Management Corp purchased a new position in shares of Mama’s Creations in the 3rd quarter valued at about $36,000. FMR LLC increased its position in shares of Mama’s Creations by 23,422.7% in the third quarter. FMR LLC now owns 5,175 shares of the company’s stock valued at $38,000 after buying an additional 5,153 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Mama’s Creations during the 3rd quarter worth approximately $90,000. The Manufacturers Life Insurance Company purchased a new position in shares of Mama’s Creations during the 2nd quarter valued at approximately $86,000. Finally, Ballentine Partners LLC acquired a new stake in Mama’s Creations in the 3rd quarter valued at $110,000. Institutional investors and hedge funds own 45.18% of the company’s stock.

Mama’s Creations Trading Down 2.6 %

Shares of Mama’s Creations stock opened at $7.11 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.17. The stock’s 50 day simple moving average is $8.38 and its 200-day simple moving average is $7.92. The stock has a market cap of $267.24 million, a P/E ratio of 54.70 and a beta of 1.07. Mama’s Creations, Inc. has a 1-year low of $4.17 and a 1-year high of $9.98.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings results on Monday, December 16th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). Mama’s Creations had a net margin of 4.51% and a return on equity of 25.53%. During the same quarter last year, the firm posted $0.05 EPS. Analysts predict that Mama’s Creations, Inc. will post 0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

About Mama’s Creations

Mama’s Creations, Inc engages in the marketing, manufacturing, and distribution of beef meatballs with sauce, turkey meatballs with sauce, beef meat loaf, sausage and peppers, chicken parmesan, and other similar meats and sauces. Its products include beef meatballs, turkey meatballs, stuffed meatballs, lasagna roll ups, retail ready meals, bulk deli, single-size pasta bowls, and packaged refrigerated products.