JPMorgan Chase & Co. Purchases 44,817 Shares of Mama’s Creations, Inc. (NASDAQ:MAMA)

JPMorgan Chase & Co. lifted its holdings in Mama’s Creations, Inc. (NASDAQ:MAMA) by 319.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,842 shares of the company’s stock after purchasing an additional 44,817 shares during the period. JPMorgan Chase & Co. owned 0.16% of Mama’s Creations worth $430,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Planning Capital Management Corp acquired a new position in Mama’s Creations during the 3rd quarter valued at $36,000. FMR LLC grew its position in Mama’s Creations by 23,422.7% during the third quarter. FMR LLC now owns 5,175 shares of the company’s stock worth $38,000 after buying an additional 5,153 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in Mama’s Creations during the second quarter valued at about $86,000. SG Americas Securities LLC acquired a new position in shares of Mama’s Creations in the third quarter valued at $90,000. Finally, Ballentine Partners LLC bought a new position in Mama’s Creations in the third quarter worth $110,000. Institutional investors and hedge funds own 45.18% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MAMA. Lake Street Capital upped their price objective on Mama’s Creations from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Roth Mkm reissued a “buy” rating and set a $11.00 price target (up from $10.00) on shares of Mama’s Creations in a report on Tuesday, December 17th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $10.67.

Mama’s Creations Price Performance

Shares of MAMA stock opened at $7.46 on Wednesday. The firm has a market cap of $280.42 million, a price-to-earnings ratio of 82.90 and a beta of 1.07. Mama’s Creations, Inc. has a 12 month low of $4.17 and a 12 month high of $9.98. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average price of $8.27 and a 200 day moving average price of $7.97.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings results on Monday, December 16th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). Mama’s Creations had a return on equity of 16.52% and a net margin of 3.02%. During the same quarter last year, the firm posted $0.05 EPS. Research analysts expect that Mama’s Creations, Inc. will post 0.09 EPS for the current year.

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.