First Eagle Investment Management LLC Acquires 386,542 Shares of Mama’s Creations, Inc. (NASDAQ:MAMA)

First Eagle Investment Management LLC raised its holdings in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 166.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 619,376 shares of the company’s stock after buying an additional 386,542 shares during the period. First Eagle Investment Management LLC owned about 1.66% of Mama’s Creations worth $4,175,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in Mama’s Creations during the 1st quarter valued at about $56,000. Keynote Financial Services LLC purchased a new stake in shares of Mama’s Creations during the first quarter valued at approximately $76,000. Onyx Bridge Wealth Group LLC bought a new position in shares of Mama’s Creations in the first quarter worth approximately $125,000. Quadrature Capital Ltd purchased a new position in shares of Mama’s Creations in the fourth quarter worth $182,000. Finally, Rhumbline Advisers bought a new stake in Mama’s Creations during the 2nd quarter valued at $260,000. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Mama’s Creations Stock Down 3.4 %

Shares of NASDAQ MAMA opened at $7.75 on Friday. The firm has a fifty day simple moving average of $7.81 and a two-hundred day simple moving average of $6.63. Mama’s Creations, Inc. has a 12 month low of $3.31 and a 12 month high of $8.69. 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.

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

Analyst Ratings Changes

MAMA has been the topic of a number of recent analyst reports. Craig Hallum raised their price target on shares of Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Lake Street Capital raised their target price on Mama’s Creations from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $10.00 price target (up previously from $8.50) on shares of Mama’s Creations in a research report on Wednesday, September 11th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $10.00.

About Mama’s Creations

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.