Barclays PLC Purchases 12,213 Shares of Mama’s Creations, Inc. (NASDAQ:MAMA)

Barclays PLC increased its position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 35.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,055 shares of the company’s stock after purchasing an additional 12,213 shares during the period. Barclays PLC’s holdings in Mama’s Creations were worth $343,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Conestoga Capital Advisors LLC bought a new position in Mama’s Creations during the third quarter worth about $1,205,000. Evernest Financial Advisors LLC raised its holdings in shares of Mama’s Creations by 276.0% in the 3rd quarter. Evernest Financial Advisors LLC now owns 188,000 shares of the company’s stock worth $1,372,000 after buying an additional 138,000 shares in the last quarter. FMR LLC lifted its position in shares of Mama’s Creations by 23,422.7% during the 3rd quarter. FMR LLC now owns 5,175 shares of the company’s stock worth $38,000 after buying an additional 5,153 shares during the period. Bank of New York Mellon Corp boosted its stake in Mama’s Creations by 312.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 118,165 shares of the company’s stock valued at $796,000 after buying an additional 89,527 shares in the last quarter. Finally, State Street Corp grew its position in Mama’s Creations by 20.7% in the third quarter. State Street Corp now owns 489,623 shares of the company’s stock valued at $3,574,000 after acquiring an additional 84,050 shares during the period. 45.18% of the stock is currently owned by institutional investors and hedge funds.

Mama’s Creations Price Performance

Shares of MAMA stock opened at $7.80 on Monday. The firm has a market cap of $293.20 million, a price-to-earnings ratio of 86.68 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 $8.32 and a 200 day moving average price of $7.95.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings results on Monday, December 16th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates 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 in the prior year, the company earned $0.05 EPS. Research analysts expect that Mama’s Creations, Inc. will post 0.09 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on MAMA shares. Lake Street Capital boosted their target price on shares of 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 restated a “buy” rating and issued a $11.00 price target (up from $10.00) on shares of Mama’s Creations in a research report on Tuesday, December 17th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $10.67.

Mama’s Creations Company Profile

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.