Raymond James Financial Inc. Purchases Shares of 167,471 Mama's Creations, Inc. (NASDAQ:MAMA)

Raymond James Financial Inc. bought a new stake in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 167,471 shares of the company's stock, valued at approximately $1,333,000. Raymond James Financial Inc. owned about 0.45% of Mama's Creations at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in Mama's Creations by 10.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 93,829 shares of the company's stock worth $685,000 after purchasing an additional 9,000 shares in the last quarter. FMR LLC lifted its position in shares of Mama's Creations by 23,422.7% during the third 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. MetLife Investment Management LLC lifted its position in shares of Mama's Creations by 129.1% during the third quarter. MetLife Investment Management LLC now owns 20,087 shares of the company's stock worth $147,000 after purchasing an additional 11,318 shares in the last quarter. PEAK6 Investments LLC boosted its stake in shares of Mama's Creations by 28.1% in the third quarter. PEAK6 Investments LLC now owns 18,812 shares of the company's stock valued at $137,000 after purchasing an additional 4,127 shares during the period. Finally, Atom Investors LP acquired a new position in shares of Mama's Creations in the third quarter valued at approximately $273,000. Hedge funds and other institutional investors own 45.18% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Lake Street Capital upped 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. Roth Mkm restated a "buy" rating and set a $11.00 target price (up from $10.00) on shares of Mama's Creations in a research note on Tuesday, December 17th.

Mama's Creations Stock Up 3.4 %

Shares of Mama's Creations stock traded up $0.23 during trading on Monday, hitting $7.04. 539,530 shares of the stock were exchanged, compared to its average volume of 348,997. The stock has a market cap of $264.61 million, a price-to-earnings ratio of 78.23 and a beta of 0.95. The firm's 50-day moving average price is $6.68 and its 200 day moving average price is $7.58. 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, Inc. has a 12-month low of $4.38 and a 12-month high of $9.98.

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.