First Eagle Investment Management LLC Purchases Shares of 232,834 Mama’s Creations, Inc. (NASDAQ:MAMA)

First Eagle Investment Management LLC purchased a new stake in Mama’s Creations, Inc. (NASDAQ:MAMA) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 232,834 shares of the company’s stock, valued at approximately $1,164,000. First Eagle Investment Management LLC owned about 0.62% of Mama’s Creations as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of MAMA. Wasatch Advisors LP acquired a new stake in shares of Mama’s Creations during the 4th quarter worth $19,069,000. Bard Associates Inc. acquired a new stake in shares of Mama’s Creations during the 4th quarter worth $5,688,000. Heartland Advisors Inc. acquired a new stake in shares of Mama’s Creations during the 4th quarter worth $4,664,000. Russell Investments Group Ltd. increased its holdings in shares of Mama’s Creations by 185.4% during the 1st quarter. Russell Investments Group Ltd. now owns 790,987 shares of the company’s stock worth $3,955,000 after buying an additional 513,824 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in shares of Mama’s Creations during the 4th quarter worth $3,389,000. 45.18% of the stock is currently owned by institutional investors and hedge funds.

Mama’s Creations Stock Up 0.2 %

NASDAQ:MAMA traded up $0.02 on Friday, reaching $8.14. The stock had a trading volume of 280,679 shares, compared to its average volume of 364,503. The company has a current ratio of 1.37, a quick ratio of 1.21 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $6.90 and a 200 day moving average of $5.61. The stock has a market cap of $303.30 million, a P/E ratio of 54.14 and a beta of 1.09. Mama’s Creations, Inc. has a 12-month low of $2.94 and a 12-month high of $8.37.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings data on Tuesday, June 11th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The firm had revenue of $29.84 million during the quarter, compared to analysts’ expectations of $26.10 million. Mama’s Creations had a net margin of 5.19% and a return on equity of 31.02%. On average, research analysts predict that Mama’s Creations, Inc. will post 0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MAMA has been the subject of a number of research analyst reports. Craig Hallum upped their price objective on Mama’s Creations from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Roth Mkm reiterated a “buy” rating and issued a $8.50 price target (up from $6.50) on shares of Mama’s Creations in a report on Wednesday, June 12th. Finally, Lake Street Capital increased their price target on Mama’s Creations from $7.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $9.38.

Mama’s Creations Company Profile

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.