Bank of New York Mellon Corp Purchases 89,527 Shares of Mama's Creations, Inc. (NASDAQ:MAMA)

Bank of New York Mellon Corp boosted its stake in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 312.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,165 shares of the company's stock after buying an additional 89,527 shares during the period. Bank of New York Mellon Corp owned 0.32% of Mama's Creations worth $796,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of Mama's Creations during the first quarter valued at approximately $56,000. Keynote Financial Services LLC bought a new position in shares of Mama's Creations during the first quarter valued at $76,000. Onyx Bridge Wealth Group LLC purchased a new position in shares of Mama's Creations in the 1st quarter worth about $125,000. Quadrature Capital Ltd bought a new position in Mama's Creations in the 4th quarter worth about $182,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in Mama's Creations in the 4th quarter worth about $191,000. 45.18% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on MAMA. Roth Mkm reaffirmed a "buy" rating and issued a $10.00 target price (up from $8.50) on shares of Mama's Creations in a report on Wednesday, September 11th. Lake Street Capital lifted their target price on Mama's Creations from $7.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, June 12th. Finally, Craig Hallum increased their price objective on Mama's Creations from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, September 11th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $10.00.

Mama's Creations Price Performance

Shares of NASDAQ MAMA traded down $0.18 during mid-day trading on Monday, reaching $7.57. The company's stock had a trading volume of 249,614 shares, compared to its average volume of 349,370. The stock has a fifty day moving average of $7.81 and a two-hundred day moving average of $6.67. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.21. Mama's Creations, Inc. has a 52 week low of $3.31 and a 52 week high of $8.69. The firm has a market capitalization of $282.08 million, a PE ratio of 50.47 and a beta of 1.05.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its quarterly earnings data on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The business had revenue of $28.38 million during the quarter, compared to the consensus estimate of $27.80 million. Mama's Creations had a net margin of 4.51% and a return on equity of 25.53%. During the same quarter in the prior year, the firm earned $0.05 EPS. As a group, sell-side analysts anticipate that Mama's Creations, Inc. will post 0.14 EPS for the current fiscal year.

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.