Geode Capital Management LLC Boosts Stock Holdings in Mama’s Creations, Inc. $MAMA

Geode Capital Management LLC boosted its holdings in Mama’s Creations, Inc. (NASDAQ:MAMA) by 7.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 821,094 shares of the company’s stock after acquiring an additional 55,173 shares during the quarter. Geode Capital Management LLC’s holdings in Mama’s Creations were worth $6,816,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Penn Capital Management Company LLC lifted its holdings in shares of Mama’s Creations by 170.1% during the first quarter. Penn Capital Management Company LLC now owns 332,948 shares of the company’s stock valued at $2,167,000 after purchasing an additional 209,680 shares in the last quarter. Expect Equity LLC increased its holdings in Mama’s Creations by 49.8% in the 1st quarter. Expect Equity LLC now owns 283,224 shares of the company’s stock worth $1,844,000 after buying an additional 94,117 shares in the last quarter. Aristides Capital LLC raised its position in Mama’s Creations by 70.1% in the 1st quarter. Aristides Capital LLC now owns 179,305 shares of the company’s stock worth $1,167,000 after buying an additional 73,885 shares during the last quarter. Nuveen LLC purchased a new position in Mama’s Creations in the 1st quarter worth about $388,000. Finally, Wesbanco Bank Inc. lifted its stake in Mama’s Creations by 75.0% during the 2nd quarter. Wesbanco Bank Inc. now owns 136,500 shares of the company’s stock valued at $1,133,000 after acquiring an additional 58,500 shares during the period. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Insider Buying and Selling at Mama’s Creations

In related news, Director Shirley Romig sold 4,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $10.18, for a total value of $40,720.00. Following the transaction, the director directly owned 17,139 shares of the company’s stock, valued at approximately $174,475.02. This trade represents a 18.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Laurance Michaels sold 3,512 shares of Mama’s Creations stock in a transaction on Monday, October 13th. The shares were sold at an average price of $10.70, for a total value of $37,578.40. Following the transaction, the chief executive officer owned 595,148 shares in the company, valued at $6,368,083.60. This trade represents a 0.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 72,732 shares of company stock valued at $788,544 over the last 90 days. 6.50% of the stock is currently owned by company insiders.

Mama’s Creations Stock Performance

MAMA opened at $11.47 on Friday. The company’s 50 day moving average is $10.76 and its 200 day moving average is $9.39. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.05. The company has a market cap of $466.26 million, a price-to-earnings ratio of 104.28 and a beta of 0.79. Mama’s Creations, Inc. has a 12-month low of $5.50 and a 12-month high of $12.13.

Mama’s Creations (NASDAQ:MAMA) last announced its earnings results on Monday, September 8th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $35.20 million during the quarter, compared to analysts’ expectations of $33.18 million. Mama’s Creations had a net margin of 3.34% and a return on equity of 17.41%. During the same period in the prior year, the company earned $0.03 earnings per share. On average, equities research analysts predict that Mama’s Creations, Inc. will post 0.09 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on MAMA shares. Zacks Research lowered shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Lake Street Capital raised their target price on shares of Mama’s Creations from $11.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. Wall Street Zen downgraded shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Mama’s Creations in a report on Monday. Finally, Roth Capital raised their price target on Mama’s Creations from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

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.