Mama's Creations, Inc. (NASDAQ:MAMA) Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC increased its position in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 166.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 619,376 shares of the company's stock after acquiring an additional 386,542 shares during the quarter. First Eagle Investment Management LLC owned approximately 1.66% of Mama's Creations worth $4,175,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bard Associates Inc. acquired a new stake in shares of Mama's Creations during the fourth quarter worth $5,688,000. Wasatch Advisors LP purchased a new stake in Mama's Creations in the 4th quarter valued at about $19,069,000. Perritt Capital Management Inc. purchased a new position in shares of Mama's Creations during the 4th quarter worth about $1,369,000. Aristides Capital LLC acquired a new stake in shares of Mama's Creations in the fourth quarter worth approximately $576,000. Finally, Russell Investments Group Ltd. grew its holdings in Mama's Creations by 185.4% in the first quarter. Russell Investments Group Ltd. now owns 790,987 shares of the company's stock valued at $3,955,000 after purchasing an additional 513,824 shares during the period. 45.18% of the stock is owned by hedge funds and other institutional investors.

Mama's Creations Trading Down 3.4 %

Shares of MAMA stock traded down $0.27 during mid-day trading on Friday, reaching $7.75. The company's stock had a trading volume of 582,185 shares, compared to its average volume of 349,916. The company's 50 day simple moving average is $7.81 and its 200-day simple moving average is $6.63. The company has a quick ratio of 1.21, 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 $3.31 and a 12-month high of $8.69. The firm has a market capitalization of $288.79 million, a PE ratio of 51.67 and a beta of 1.05.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last issued its quarterly earnings data on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. The company had revenue of $28.38 million for the quarter, compared to analysts' expectations of $27.80 million. Mama's Creations had a return on equity of 25.53% and a net margin of 4.51%. During the same quarter in the previous year, the firm posted $0.05 earnings per share. On average, research analysts predict that Mama's Creations, Inc. will post 0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MAMA shares. Roth Mkm reaffirmed a "buy" rating and set a $10.00 price target (up previously from $8.50) on shares of Mama's Creations in a research note on Wednesday, September 11th. Lake Street Capital lifted their target price on Mama's Creations from $7.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, June 12th. Finally, Craig Hallum upped their price target on Mama's Creations from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, September 11th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Mama's Creations presently has a consensus rating of "Buy" and a consensus price target of $10.00.

About Mama's Creations

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.