Principal Financial Group Inc. Buys New Stake in Mama’s Creations, Inc. (NASDAQ:MAMA)

Principal Financial Group Inc. acquired a new stake in Mama’s Creations, Inc. (NASDAQ:MAMA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 20,889 shares of the company’s stock, valued at approximately $152,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Annex Advisory Services LLC grew its position in Mama’s Creations by 693.5% in the 3rd quarter. Annex Advisory Services LLC now owns 714,308 shares of the company’s stock valued at $5,214,000 after acquiring an additional 624,289 shares in the last quarter. Portolan Capital Management LLC boosted its stake in shares of Mama’s Creations by 177.2% in the third quarter. Portolan Capital Management LLC now owns 953,629 shares of the company’s stock valued at $6,961,000 after purchasing an additional 609,605 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of Mama’s Creations by 166.0% in the second quarter. First Eagle Investment Management LLC now owns 619,376 shares of the company’s stock valued at $4,175,000 after purchasing an additional 386,542 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Mama’s Creations by 75.1% in the second quarter. Renaissance Technologies LLC now owns 441,200 shares of the company’s stock valued at $2,974,000 after purchasing an additional 189,247 shares in the last quarter. Finally, Conestoga Capital Advisors LLC purchased a new stake in Mama’s Creations during the 3rd quarter worth approximately $1,205,000. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Lake Street Capital boosted their price target on shares of Mama’s Creations from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Roth Mkm reissued 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. Finally, Craig Hallum upped their price target on Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $10.67.

Mama’s Creations Stock Performance

Shares of MAMA stock opened at $7.11 on Wednesday. Mama’s Creations, Inc. has a 12 month low of $4.17 and a 12 month high of $9.98. The company has a current ratio of 1.37, a quick ratio of 1.17 and a debt-to-equity ratio of 0.18. The company has a market cap of $267.24 million, a P/E ratio of 54.70 and a beta of 1.07. The firm has a fifty day moving average price of $8.38 and a 200 day moving average price of $7.92.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings data on Monday, December 16th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Mama’s Creations had a net margin of 4.51% and a return on equity of 25.53%. During the same period in the previous year, the company posted $0.05 earnings per share. Sell-side analysts predict that Mama’s Creations, Inc. will post 0.14 earnings per share for the current fiscal year.

Mama’s Creations 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.