First Eagle Investment Management LLC Has $9.04 Million Stock Position in Mama’s Creations, Inc. (NASDAQ:MAMA)

First Eagle Investment Management LLC increased its stake in Mama’s Creations, Inc. (NASDAQ:MAMA) by 22.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,135,417 shares of the company’s stock after acquiring an additional 210,045 shares during the quarter. First Eagle Investment Management LLC owned about 3.02% of Mama’s Creations worth $9,038,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in Mama’s Creations by 319.6% in the third quarter. JPMorgan Chase & Co. now owns 58,842 shares of the company’s stock valued at $430,000 after buying an additional 44,817 shares during the period. Annex Advisory Services LLC lifted its stake in Mama’s Creations by 71.0% in the fourth quarter. Annex Advisory Services LLC now owns 1,221,373 shares of the company’s stock valued at $9,722,000 after buying an additional 507,065 shares during the period. Principal Financial Group Inc. raised its position in shares of Mama’s Creations by 9.1% during the fourth quarter. Principal Financial Group Inc. now owns 22,785 shares of the company’s stock worth $181,000 after purchasing an additional 1,896 shares during the period. FMR LLC raised 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 during the period. Finally, State Street Corp raised its position in shares of Mama’s Creations by 20.7% during the third quarter. State Street Corp now owns 489,623 shares of the company’s stock worth $3,574,000 after purchasing an additional 84,050 shares during the period. 45.18% of the stock is owned by institutional investors and hedge funds.

Mama’s Creations Stock Down 1.3 %

Shares of NASDAQ:MAMA opened at $6.29 on Friday. The company has a market capitalization of $236.42 million, a PE ratio of 69.90 and a beta of 1.05. 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 moving average price of $6.98 and a two-hundred day moving average price of $7.74. Mama’s Creations, Inc. has a 1 year low of $4.38 and a 1 year high of $9.98.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings data 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 3.02% and a return on equity of 16.52%. During the same period in the prior year, the company posted $0.05 earnings per share. Analysts forecast that Mama’s Creations, Inc. will post 0.09 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MAMA. Lake Street Capital upped their target price on Mama’s Creations from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Roth Mkm restated a “buy” rating and issued a $11.00 price objective (up previously from $10.00) on shares of Mama’s Creations in a research note on Tuesday, December 17th.

Mama’s Creations Company Profile

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.