First Eagle Investment Management LLC Raises Holdings in Mama’s Creations, Inc. (NASDAQ:MAMA)

First Eagle Investment Management LLC grew its position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 22.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,135,417 shares of the company’s stock after buying an additional 210,045 shares during the period. First Eagle Investment Management LLC’s holdings in Mama’s Creations were worth $9,038,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in shares of Mama’s Creations by 9.1% during the 4th quarter. Principal Financial Group Inc. now owns 22,785 shares of the company’s stock valued at $181,000 after buying an additional 1,896 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in Mama’s Creations by 0.8% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 371,309 shares of the company’s stock worth $2,956,000 after purchasing an additional 2,777 shares in the last quarter. Evernest Financial Advisors LLC lifted its holdings in Mama’s Creations by 1.5% during the 4th quarter. Evernest Financial Advisors LLC now owns 190,907 shares of the company’s stock worth $1,520,000 after purchasing an additional 2,907 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Mama’s Creations by 25.2% during the 4th quarter. SG Americas Securities LLC now owns 15,380 shares of the company’s stock worth $122,000 after purchasing an additional 3,093 shares in the last quarter. Finally, PEAK6 Investments LLC lifted its holdings in Mama’s Creations by 28.1% during the 3rd quarter. PEAK6 Investments LLC now owns 18,812 shares of the company’s stock worth $137,000 after purchasing an additional 4,127 shares in the last quarter. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MAMA shares. Lake Street Capital increased their price objective on 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 set a $11.00 price objective (up previously from $10.00) on shares of Mama’s Creations in a report on Tuesday, December 17th.

Mama’s Creations Stock Performance

NASDAQ:MAMA opened at $6.29 on Friday. The business’s 50-day moving average price is $6.98 and its two-hundred day moving average price is $7.74. Mama’s Creations, Inc. has a twelve month low of $4.38 and a twelve month high of $9.98. The stock has a market cap of $236.42 million, a P/E ratio of 69.90 and a beta of 1.05. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 0.16.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results 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 net margin of 3.02% and a return on equity of 16.52%. During the same period in the previous year, the firm posted $0.05 earnings per share. As a group, equities analysts predict that Mama’s Creations, Inc. will post 0.09 EPS for the current fiscal year.

About Mama’s Creations

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.