Geode Capital Management LLC Has $5.52 Million Stake in Mama’s Creations, Inc. (NASDAQ:MAMA)

Geode Capital Management LLC raised its position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 7.7% during the third quarter, HoldingsChannel.com reports. The fund owned 755,491 shares of the company’s stock after buying an additional 53,850 shares during the quarter. Geode Capital Management LLC’s holdings in Mama’s Creations were worth $5,516,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Trail Ridge Investment Advisors LLC increased its holdings in Mama’s Creations by 2.5% in the third quarter. Trail Ridge Investment Advisors LLC now owns 69,267 shares of the company’s stock worth $526,000 after purchasing an additional 1,715 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in shares of Mama’s Creations by 0.8% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 383,164 shares of the company’s stock valued at $2,797,000 after acquiring an additional 3,072 shares during the period. PEAK6 Investments LLC boosted its stake in Mama’s Creations by 28.1% during the third quarter. PEAK6 Investments LLC now owns 18,812 shares of the company’s stock worth $137,000 after acquiring an additional 4,127 shares in the last quarter. Planning Capital Management Corp acquired a new stake in Mama’s Creations in the third quarter worth $36,000. Finally, FMR LLC increased its stake in Mama’s Creations by 23,422.7% in the third quarter. FMR LLC now owns 5,175 shares of the company’s stock valued at $38,000 after purchasing an additional 5,153 shares in the last quarter. 45.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MAMA. Craig Hallum increased their price objective on shares of Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Lake Street Capital raised their price objective on 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 target price (up from $10.00) on shares of Mama’s Creations in a report on Tuesday, December 17th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $10.67.

Mama’s Creations Trading Up 1.3 %

Shares of Mama’s Creations stock opened at $7.77 on Friday. The stock has a market capitalization of $292.05 million, a P/E ratio of 59.77 and a beta of 1.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.17 and a current ratio of 1.37. The stock’s 50-day simple moving average is $8.41 and its 200 day simple moving average is $7.89. Mama’s Creations, Inc. has a 52-week low of $4.17 and a 52-week high of $9.98.

Mama’s Creations (NASDAQ:MAMA) last announced 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 return on equity of 25.53% and a net margin of 4.51%. During the same quarter in the previous year, the company earned $0.05 earnings per share. As a group, research analysts anticipate that Mama’s Creations, Inc. will post 0.14 EPS for the current year.

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.