Bank of New York Mellon Corp Has $796,000 Stock Holdings in Mama’s Creations, Inc. (NASDAQ:MAMA)

Bank of New York Mellon Corp increased its stake in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 312.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 118,165 shares of the company’s stock after acquiring an additional 89,527 shares during the quarter. Bank of New York Mellon Corp’s holdings in Mama’s Creations were worth $796,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bard Associates Inc. bought a new position in shares of Mama’s Creations during the fourth quarter worth approximately $5,688,000. Wasatch Advisors LP acquired a new position in Mama’s Creations in the 4th quarter valued at $19,069,000. Perritt Capital Management Inc. bought a new position in Mama’s Creations during the 4th quarter worth $1,369,000. First Eagle Investment Management LLC acquired a new stake in shares of Mama’s Creations during the first quarter worth $1,164,000. Finally, Aristides Capital LLC acquired a new stake in shares of Mama’s Creations during the fourth quarter worth $576,000. Institutional investors and hedge funds own 45.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Craig Hallum increased their target price 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. Roth Mkm restated a “buy” rating and set a $10.00 price objective (up previously from $8.50) on shares of Mama’s Creations in a research note on Wednesday, September 11th. Finally, Lake Street Capital upped their target price on Mama’s Creations from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $10.00.

Mama’s Creations Stock Down 3.4 %

Shares of NASDAQ:MAMA opened at $7.75 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.37. Mama’s Creations, Inc. has a 52-week low of $3.31 and a 52-week high of $8.69. The business’s 50 day simple moving average is $7.81 and its two-hundred day simple moving average is $6.65. The firm has a market cap of $288.79 million, a P/E ratio of 51.67 and a beta of 1.05.

Mama’s Creations (NASDAQ:MAMA) last posted its earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The firm had revenue of $28.38 million during the quarter, compared to analyst estimates 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 business posted $0.05 EPS. As a group, research analysts forecast 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.