Bank of New York Mellon Corp Invests $1.89 Million in Mama's Creations, Inc. $MAMA

Key Points

• Bank of New York Mellon acquired 105,878 shares of Mama’s Creations worth approximately $1.89 million, representing a 0.26% stake. Institutional investors and hedge funds collectively own 45.18% of the company.
• Analyst sentiment remains generally positive, with a consensus “Buy” rating and a $20.00 price target. Recent ratings included buy or outperform recommendations from Lake Street Capital, Benchmark, William Blair and Weiss Ratings.
• Mama’s Creations exceeded quarterly expectations, reporting EPS of $0.06 versus a $0.05 estimate and revenue of $54.58 million versus $52.85 million expected. The stock opened at $15.50, compared with a 52-week range of $8.67 to $21.00.

Bank of New York Mellon Corp acquired a new stake in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 105,878 shares of the company's stock, valued at approximately $1,890,000. Bank of New York Mellon Corp owned 0.26% of Mama's Creations as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sei Investments Co. boosted its stake in shares of Mama's Creations by 97.5% during the 1st quarter. Sei Investments Co. now owns 314,640 shares of the company's stock worth $4,827,000 after acquiring an additional 155,367 shares in the last quarter. Next Century Growth Investors LLC raised its position in shares of Mama's Creations by 54.5% during the fourth quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company's stock worth $22,817,000 after purchasing an additional 596,688 shares during the period. Royce & Associates LP purchased a new stake in shares of Mama's Creations during the fourth quarter valued at $2,834,000. Bridgewater Advisors Inc. purchased a new stake in shares of Mama's Creations during the second quarter valued at $813,000. Finally, UBS Group AG increased its stake in Mama's Creations by 89.7% in the 4th quarter. UBS Group AG now owns 183,422 shares of the company's stock worth $2,474,000 after purchasing an additional 86,728 shares in the last quarter. 45.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Lake Street Capital reaffirmed a "buy" rating and set a $22.00 price objective on shares of Mama's Creations in a research note on Friday. Wall Street Zen lowered Mama's Creations from a "buy" rating to a "hold" rating in a research report on Sunday, July 12th. Benchmark started coverage on shares of Mama's Creations in a research report on Tuesday, July 21st. They issued a "buy" rating and a $25.00 price target for the company. William Blair initiated coverage on shares of Mama's Creations in a research note on Friday, July 24th. They issued an "outperform" rating on the stock. Finally, Weiss Ratings raised shares of Mama's Creations from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $20.00.

Mama's Creations Price Performance

NASDAQ MAMA opened at $15.50 on Wednesday. Mama's Creations, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $21.00. The stock's 50-day moving average is $17.37 and its two-hundred day moving average is $16.12. The firm has a market cap of $634.60 million, a P/E ratio of 91.18 and a beta of 0.56. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.93 and a quick ratio of 6.48.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $54.58 million during the quarter, compared to the consensus estimate of $52.85 million. Mama's Creations had a return on equity of 10.05% and a net margin of 3.53%. On average, analysts anticipate that Mama's Creations, Inc. will post 0.24 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. Its brands include MamaMancini's, Creative Salads, and The Olive Branch. The company was founded by Daniel Dougherty on July 22, 2009 and is headquartered in East Rutherford, NJ.

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