Mama’s Creations, Inc. (NASDAQ:MAMA) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in Mama’s Creations, Inc. (NASDAQ:MAMA) by 10.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,829 shares of the company’s stock after purchasing an additional 9,000 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.25% of Mama’s Creations worth $685,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAMA. Planning Capital Management Corp acquired a new stake in shares of Mama’s Creations in the 3rd quarter worth approximately $36,000. Diamond Hill Capital Management Inc. raised its stake in shares of Mama’s Creations by 0.8% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 383,164 shares of the company’s stock worth $2,797,000 after buying an additional 3,072 shares in the last quarter. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Mama’s Creations in the third quarter valued at $234,000. Principal Financial Group Inc. bought a new position in shares of Mama’s Creations during the 3rd quarter valued at about $152,000. Finally, VELA Investment Management LLC grew its stake in shares of Mama’s Creations by 5.7% in the 3rd quarter. VELA Investment Management LLC now owns 409,092 shares of the company’s stock worth $2,986,000 after purchasing an additional 21,940 shares during the last quarter. Institutional investors own 45.18% of the company’s stock.

Mama’s Creations Stock Performance

Shares of MAMA opened at $7.76 on Thursday. The company has a market capitalization of $291.60 million, a PE ratio of 59.70 and a beta of 1.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.17 and a current ratio of 1.37. The company’s 50 day moving average price is $8.46 and its 200 day moving average price is $7.81. Mama’s Creations, Inc. has a 52 week low of $4.01 and a 52 week high of $9.98.

Mama’s Creations (NASDAQ:MAMA) last posted 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 net margin of 4.51% and a return on equity of 25.53%. During the same quarter in the previous year, the firm earned $0.05 EPS. Research analysts expect that Mama’s Creations, Inc. will post 0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on MAMA shares. Craig Hallum increased their target price on shares of Mama’s Creations from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Roth Mkm reissued a “buy” rating and issued a $11.00 target price (up from $10.00) on shares of Mama’s Creations in a research report on Tuesday. Finally, Lake Street Capital upped their price target on shares of Mama’s Creations from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Tuesday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $10.50.

Insiders Place Their Bets

In related news, CEO Adam Laurance Michaels sold 65,898 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $7.42, for a total value of $488,963.16. Following the completion of the sale, the chief executive officer now owns 543,260 shares of the company’s stock, valued at approximately $4,030,989.20. The trade was a 10.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 10.00% of the company’s stock.

Mama’s Creations 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.