JPMorgan Chase & Co. Grows Stock Position in Mama's Creations, Inc. (NASDAQ:MAMA)

JPMorgan Chase & Co. grew its stake in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 319.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,842 shares of the company's stock after buying an additional 44,817 shares during the period. JPMorgan Chase & Co. owned 0.16% of Mama's Creations worth $430,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Portolan Capital Management LLC raised its stake in Mama's Creations by 177.2% during the 3rd quarter. Portolan Capital Management LLC now owns 953,629 shares of the company's stock worth $6,961,000 after acquiring an additional 609,605 shares during the period. Geode Capital Management LLC raised its position in shares of Mama's Creations by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 755,491 shares of the company's stock valued at $5,516,000 after purchasing an additional 53,850 shares during the period. Annex Advisory Services LLC raised its position in shares of Mama's Creations by 693.5% during the 3rd quarter. Annex Advisory Services LLC now owns 714,308 shares of the company's stock valued at $5,214,000 after purchasing an additional 624,289 shares during the period. State Street Corp boosted its holdings in Mama's Creations by 20.7% in the 3rd quarter. State Street Corp now owns 489,623 shares of the company's stock worth $3,574,000 after buying an additional 84,050 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Mama's Creations by 75.1% in 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. 45.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MAMA shares. Roth Mkm restated a "buy" rating and issued a $11.00 price objective (up 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 Mama's Creations from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $10.67.

Mama's Creations Price Performance

Shares of Mama's Creations stock traded down $0.18 during trading on Friday, reaching $7.70. 193,002 shares of the stock traded hands, compared to its average volume of 307,114. 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 current ratio of 1.17 and a quick ratio of 1.00. The business has a fifty day simple moving average of $8.21 and a two-hundred day simple moving average of $7.97. The company has a market capitalization of $289.44 million, a price-to-earnings ratio of 85.57 and a beta of 1.07.

Mama's Creations (NASDAQ:MAMA - Get Free Report) 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 EPS. Sell-side analysts expect that Mama's Creations, Inc. will post 0.09 EPS for the current 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.