Fmr LLC Purchases 5,153 Shares of Mama’s Creations, Inc. (NASDAQ:MAMA)

Fmr LLC boosted its holdings in Mama’s Creations, Inc. (NASDAQ:MAMA) by 23,422.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,175 shares of the company’s stock after buying an additional 5,153 shares during the period. Fmr LLC’s holdings in Mama’s Creations were worth $38,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Planning Capital Management Corp purchased a new position in shares of Mama’s Creations in the third quarter worth $36,000. SG Americas Securities LLC bought a new stake in Mama’s Creations in the 3rd quarter worth about $90,000. The Manufacturers Life Insurance Company bought a new stake in Mama’s Creations in the 2nd quarter worth about $86,000. Ballentine Partners LLC purchased a new position in Mama’s Creations in the 3rd quarter worth about $110,000. Finally, Principal Financial Group Inc. bought a new position in Mama’s Creations during the 3rd quarter valued at about $152,000. 45.18% of the stock is currently owned by hedge funds and other institutional investors.

Mama’s Creations Trading Down 0.5 %

Mama’s Creations stock opened at $7.56 on Thursday. Mama’s Creations, Inc. has a 52-week low of $4.17 and a 52-week high of $9.98. The company has a market cap of $284.16 million, a P/E ratio of 58.16 and a beta of 1.10. The company has a quick ratio of 1.17, a current ratio of 1.37 and a debt-to-equity ratio of 0.18. The business has a 50-day simple moving average of $8.41 and a two-hundred day simple moving average of $7.84.

Mama’s Creations (NASDAQ:MAMA) last announced its earnings results on Monday, December 16th. The company reported $0.01 earnings per share (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 prior year, the business earned $0.05 EPS. Analysts predict that Mama’s Creations, Inc. will post 0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MAMA shares. Craig Hallum lifted their price target on shares of Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Roth Mkm reaffirmed a “buy” rating and issued a $11.00 target price (up previously from $10.00) on shares of Mama’s Creations in a research report on Tuesday, December 17th. Finally, 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. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $10.67.

Mama’s Creations Company 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.