Conestoga Capital Advisors LLC Has $1.49 Million Holdings in Mama's Creations, Inc. (NASDAQ:MAMA)

Conestoga Capital Advisors LLC grew its stake in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 18.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,140 shares of the company's stock after purchasing an additional 35,590 shares during the quarter. Conestoga Capital Advisors LLC owned approximately 0.61% of Mama's Creations worth $1,492,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Janus Henderson Group PLC grew its stake in Mama's Creations by 4,483.6% in the 4th quarter. Janus Henderson Group PLC now owns 1,444,396 shares of the company's stock valued at $11,497,000 after buying an additional 1,412,884 shares during the last quarter. Wasatch Advisors LP grew its position in shares of Mama's Creations by 13.3% in the fourth quarter. Wasatch Advisors LP now owns 4,063,991 shares of the company's stock valued at $32,349,000 after purchasing an additional 476,562 shares during the last quarter. Grandeur Peak Global Advisors LLC bought a new position in shares of Mama's Creations during the fourth quarter worth approximately $3,748,000. First Eagle Investment Management LLC lifted its holdings in Mama's Creations by 22.7% during the 4th quarter. First Eagle Investment Management LLC now owns 1,135,417 shares of the company's stock worth $9,038,000 after purchasing an additional 210,045 shares during the last quarter. Finally, Expect Equity LLC acquired a new stake in Mama's Creations during the 4th quarter worth approximately $1,505,000. Institutional investors and hedge funds own 45.18% of the company's stock.

Analyst Ratings Changes

Separately, Roth Capital reiterated a "buy" rating and issued a $10.00 price objective (up previously from $9.00) on shares of Mama's Creations in a research note on Wednesday, June 4th.

Mama's Creations Price Performance

Mama's Creations stock traded down $0.06 during midday trading on Friday, reaching $7.90. The company's stock had a trading volume of 216,909 shares, compared to its average volume of 337,870. The company has a current ratio of 1.29, a quick ratio of 1.01 and a debt-to-equity ratio of 0.07. The stock has a market cap of $297.12 million, a PE ratio of 71.82 and a beta of 0.71. Mama's Creations, Inc. has a 52 week low of $5.50 and a 52 week high of $9.98. The business has a 50-day moving average price of $7.15 and a 200-day moving average price of $7.23.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. Mama's Creations had a return on equity of 18.19% and a net margin of 3.41%. The company had revenue of $35.30 million for the quarter, compared to the consensus estimate of $32.74 million. On average, sell-side analysts predict that Mama's Creations, Inc. will post 0.09 EPS for the current 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.