JPMorgan Chase & Co. Purchases 44,817 Shares of Mama’s Creations, Inc. (NASDAQ:MAMA)

JPMorgan Chase & Co. boosted its holdings in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 319.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,842 shares of the company’s stock after acquiring an additional 44,817 shares during the period. JPMorgan Chase & Co.’s holdings in Mama’s Creations were worth $430,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position 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 worth $392,000 after purchasing an additional 20,191 shares during the period. Dimensional Fund Advisors LP increased its stake in Mama’s Creations by 9.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 397,800 shares of the company’s stock worth $2,682,000 after purchasing an additional 32,800 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Mama’s Creations by 75.1% during the 2nd quarter. Renaissance Technologies LLC now owns 441,200 shares of the company’s stock worth $2,974,000 after buying an additional 189,247 shares during the period. Marshall Wace LLP lifted its stake in Mama’s Creations by 106.6% in the second quarter. Marshall Wace LLP now owns 58,689 shares of the company’s stock valued at $396,000 after buying an additional 30,286 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in shares of Mama’s Creations by 32.8% in the second quarter. Squarepoint Ops LLC now owns 32,246 shares of the company’s stock valued at $217,000 after buying an additional 7,960 shares during the period. 45.18% of the stock is owned by institutional investors and hedge funds.

Mama’s Creations Stock Performance

MAMA opened at $7.46 on Wednesday. The business’s 50-day simple moving average is $8.27 and its 200 day simple moving average is $7.97. Mama’s Creations, Inc. has a 52-week low of $4.17 and a 52-week high of $9.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.00 and a current ratio of 1.17. The firm has a market capitalization of $280.42 million, a PE ratio of 82.90 and a beta of 1.07.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings data 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 3.02% and a return on equity of 16.52%. During the same period last year, the company posted $0.05 earnings per share. As a group, sell-side analysts expect that Mama’s Creations, Inc. will post 0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Lake Street Capital raised 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. Roth Mkm reissued a “buy” rating and issued a $11.00 price target (up previously from $10.00) on shares of Mama’s Creations in a research note on Tuesday, December 17th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Mama’s Creations currently has a consensus 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.