Grandeur Peak Global Advisors LLC Invests $3.75 Million in Mama's Creations, Inc. (NASDAQ:MAMA)

Grandeur Peak Global Advisors LLC acquired a new stake in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 470,838 shares of the company's stock, valued at approximately $3,748,000. Grandeur Peak Global Advisors LLC owned 1.25% of Mama's Creations at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MAMA. Principal Financial Group Inc. grew its stake 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 worth $181,000 after acquiring an additional 1,896 shares during the period. Geode Capital Management LLC boosted its position in Mama's Creations by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 757,796 shares of the company's stock worth $6,033,000 after purchasing an additional 2,305 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in shares of Mama's Creations by 0.8% in the fourth 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 raised its position in shares of Mama's Creations by 1.5% in the fourth quarter. Evernest Financial Advisors LLC now owns 190,907 shares of the company's stock valued at $1,520,000 after purchasing an additional 2,907 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Mama's Creations by 25.2% during the 4th quarter. SG Americas Securities LLC now owns 15,380 shares of the company's stock valued at $122,000 after buying an additional 3,093 shares in the last quarter. 45.18% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Roth Mkm reiterated a "buy" rating and issued 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 Mama's Creations from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th.

Mama's Creations Price Performance

NASDAQ:MAMA traded down $0.06 during trading hours on Tuesday, hitting $6.37. The stock had a trading volume of 208,801 shares, compared to its average volume of 355,644. The company has a 50 day simple moving average of $6.55 and a two-hundred day simple moving average of $7.54. The firm has a market capitalization of $239.49 million, a price-to-earnings ratio of 70.79 and a beta of 0.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.17 and a quick ratio of 1.00. Mama's Creations, Inc. has a one year low of $4.51 and a one year high of $9.98.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. Mama's Creations had a return on equity of 16.52% and a net margin of 3.02%. The company had revenue of $33.59 million during the quarter, compared to analyst estimates of $31.02 million. Research analysts forecast that Mama's Creations, Inc. will post 0.09 earnings per share for the current fiscal year.

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.