Barclays PLC Grows Stake in Mama’s Creations, Inc. (NASDAQ:MAMA)

Barclays PLC grew its position in Mama’s Creations, Inc. (NASDAQ:MAMA) by 35.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,055 shares of the company’s stock after buying an additional 12,213 shares during the quarter. 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 hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in shares of Mama’s Creations by 312.6% in the second quarter. Bank of New York Mellon Corp now owns 118,165 shares of the company’s stock valued at $796,000 after acquiring an additional 89,527 shares in the last quarter. Rhumbline Advisers purchased a new position in Mama’s Creations during the 2nd quarter valued at about $260,000. Rice Hall James & Associates LLC raised 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 valued at $3,006,000 after purchasing an additional 21,790 shares in the last quarter. Evernest Financial Advisors LLC purchased a new stake in shares of Mama’s Creations in the 2nd quarter worth approximately $337,000. Finally, American Century Companies Inc. boosted its stake in shares of Mama’s Creations by 53.2% during the second quarter. American Century Companies Inc. now owns 58,128 shares of the company’s stock valued at $392,000 after purchasing an additional 20,191 shares in the last quarter. Institutional investors own 45.18% of the company’s stock.

Mama’s Creations Stock Up 1.3 %

MAMA stock opened at $7.77 on Friday. 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 stock has a market capitalization of $292.05 million, a PE ratio of 59.77 and a beta of 1.10. The firm has a 50 day moving average of $8.41 and a 200 day moving average of $7.89. Mama’s Creations, Inc. has a 52 week low of $4.17 and a 52 week high of $9.98.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings data 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 net margin of 4.51% and a return on equity of 25.53%. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Sell-side analysts forecast that Mama’s Creations, Inc. will post 0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MAMA has been the subject of a number of recent research reports. Craig Hallum boosted their price objective 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. Lake Street Capital upped their price objective on Mama’s Creations from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Roth Mkm reiterated a “buy” rating and issued a $11.00 target price (up from $10.00) on shares of Mama’s Creations in a report on Tuesday, December 17th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average 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.