Mama’s Creations, Inc. (NASDAQ:MAMA) Stake Boosted by State Street Corp

State Street Corp grew its holdings in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 20.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 489,623 shares of the company’s stock after purchasing an additional 84,050 shares during the period. State Street Corp’s holdings in Mama’s Creations were worth $3,574,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Portolan Capital Management LLC raised its stake in Mama’s Creations by 177.2% during the third quarter. Portolan Capital Management LLC now owns 953,629 shares of the company’s stock worth $6,961,000 after acquiring an additional 609,605 shares during the period. Annex Advisory Services LLC grew its holdings in shares of Mama’s Creations by 693.5% during the third quarter. Annex Advisory Services LLC now owns 714,308 shares of the company’s stock valued at $5,214,000 after purchasing an additional 624,289 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Mama’s Creations by 166.0% during the second quarter. First Eagle Investment Management LLC now owns 619,376 shares of the company’s stock valued at $4,175,000 after purchasing an additional 386,542 shares during the last quarter. Apis Capital Advisors LLC raised its position in shares of Mama’s Creations by 5.2% during the 2nd quarter. Apis Capital Advisors LLC now owns 462,000 shares of the company’s stock worth $3,114,000 after purchasing an additional 23,000 shares during the period. Finally, Rice Hall James & Associates LLC lifted its holdings in shares of Mama’s Creations by 5.1% in the 2nd quarter. Rice Hall James & Associates LLC now owns 446,004 shares of the company’s stock worth $3,006,000 after purchasing an additional 21,790 shares during the last quarter. 45.18% of the stock is currently owned by institutional investors.

Mama’s Creations Stock Up 2.3 %

Shares of Mama’s Creations stock opened at $7.92 on Tuesday. Mama’s Creations, Inc. has a 1-year low of $4.17 and a 1-year high of $9.98. The company has a market capitalization of $297.69 million, a P/E ratio of 60.93 and a beta of 1.10. The business’s fifty day moving average price is $8.39 and its two-hundred day moving average price is $7.87. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.17.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings data on Monday, December 16th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). Mama’s Creations had a return on equity of 25.53% and a net margin of 4.51%. During the same quarter last year, the company posted $0.05 earnings per share. As a group, research analysts forecast that Mama’s Creations, Inc. will post 0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Roth Mkm restated a “buy” rating and set a $11.00 price objective (up from $10.00) on shares of Mama’s Creations in a research note on Tuesday, December 17th. Lake Street Capital increased their price objective on shares of Mama’s Creations from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, Craig Hallum boosted 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. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Mama’s Creations has a consensus rating of “Buy” and a consensus price target of $10.67.

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.