State Street Corp Increases Stake in Mama's Creations, Inc. (NASDAQ:MAMA)

State Street Corp boosted its position in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 20.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 489,623 shares of the company's stock after acquiring an additional 84,050 shares during the quarter. State Street Corp owned 1.30% of Mama's Creations worth $3,574,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MAMA. Planning Capital Management Corp purchased a new position in shares of Mama's Creations in the third quarter worth approximately $36,000. FMR LLC increased its stake in shares of Mama's Creations by 23,422.7% in the 3rd quarter. FMR LLC now owns 5,175 shares of the company's stock worth $38,000 after purchasing an additional 5,153 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Mama's Creations during the second quarter valued at about $86,000. SG Americas Securities LLC purchased a new stake in Mama's Creations in the third quarter worth about $90,000. Finally, Ballentine Partners LLC bought a new position in shares of Mama's Creations in the third quarter worth about $110,000. 45.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MAMA shares. Craig Hallum increased their target price on shares of Mama's Creations from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, September 11th. Lake Street Capital lifted their target price on shares of Mama's Creations from $10.00 to $11.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Finally, Roth Mkm reiterated 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 research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $10.67.

Mama's Creations Price Performance

NASDAQ MAMA traded up $0.04 on Tuesday, reaching $7.96. The company had a trading volume of 315,394 shares, compared to its average volume of 342,085. The stock has a market capitalization of $299.19 million, a PE ratio of 61.24 and a beta of 1.10. The firm's 50 day moving average price is $8.39 and its 200 day moving average price is $7.87. The company has a quick ratio of 1.17, a current ratio of 1.37 and a debt-to-equity ratio of 0.18. Mama's Creations, Inc. has a 12 month low of $4.17 and a 12 month high of $9.98.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). Mama's Creations had a net margin of 4.51% and a return on equity of 25.53%. During the same quarter in the previous year, the company posted $0.05 EPS. As a group, equities analysts predict that Mama's Creations, Inc. will post 0.14 earnings per share for the current year.

Mama's Creations Company Profile

Mama's Creations, Inc, together with its subsidiaries, manufactures and markets prepared refrigerated foods primarily in the United States. The company offers beef and turkey meatballs, meat loaf, chicken, sausage-related products, and pasta entrees; and hot bars, salad bars, prepared foods, sandwich, and cold deli and foods-to-go sections.