Annex Advisory Services LLC Has $9.72 Million Stock Holdings in Mama's Creations, Inc. (NASDAQ:MAMA)

Annex Advisory Services LLC lifted its holdings in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 71.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,221,373 shares of the company's stock after purchasing an additional 507,065 shares during the period. Annex Advisory Services LLC owned 3.25% of Mama's Creations worth $9,722,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Trail Ridge Investment Advisors LLC lifted its stake in shares of Mama's Creations by 2.5% in the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 69,267 shares of the company's stock valued at $526,000 after purchasing an additional 1,715 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its stake in shares of Mama's Creations by 0.8% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 383,164 shares of the company's stock valued at $2,797,000 after purchasing an additional 3,072 shares during the last quarter. PEAK6 Investments LLC lifted its position 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 acquiring an additional 4,127 shares during the last quarter. Planning Capital Management Corp acquired a new position in Mama's Creations during the 3rd quarter worth $36,000. Finally, FMR LLC lifted its position in Mama's Creations by 23,422.7% during the 3rd quarter. FMR LLC now owns 5,175 shares of the company's stock worth $38,000 after acquiring an additional 5,153 shares during the last quarter. Institutional investors and hedge funds own 45.18% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Roth Mkm reissued a "buy" rating and set a $11.00 target price (up previously from $10.00) on shares of Mama's Creations in a research report on Tuesday, December 17th. Lake Street Capital boosted their price target on shares of Mama's Creations from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $10.67.

Mama's Creations Price Performance

Shares of MAMA stock traded up $0.14 during trading hours on Monday, reaching $7.80. 371,519 shares of the company were exchanged, compared to its average volume of 438,855. Mama's Creations, Inc. has a fifty-two week low of $4.17 and a fifty-two week high of $9.98. The stock's fifty day moving average is $8.32 and its two-hundred day moving average is $7.95. The company has a market cap of $293.20 million, a price-to-earnings ratio of 86.68 and a beta of 1.07. 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 (NASDAQ:MAMA - Get Free Report) last announced 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 net margin of 3.02% and a return on equity of 16.52%. During the same quarter last year, the business earned $0.05 earnings per share. Sell-side 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.