Conestoga Capital Advisors LLC Purchases 35,590 Shares of Mama's Creations, Inc. (NASDAQ:MAMA)

Conestoga Capital Advisors LLC increased its position in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 18.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new position in shares of Mama's Creations in the 4th quarter worth approximately $68,000. Price T Rowe Associates Inc. MD boosted its position in Mama's Creations by 19.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,622 shares of the company's stock worth $101,000 after purchasing an additional 2,073 shares during the last quarter. PEAK6 LLC bought a new position in Mama's Creations in the 4th quarter valued at $137,000. Tocqueville Asset Management L.P. purchased a new stake in shares of Mama's Creations during the 4th quarter valued at $141,000. Finally, Sharpepoint LLC bought a new stake in shares of Mama's Creations during the 4th quarter worth $147,000. 45.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Roth Capital reissued a "buy" rating and issued a $10.00 price target (up from $9.00) on shares of Mama's Creations in a report on Wednesday, June 4th.

Mama's Creations Trading Up 1.3%

NASDAQ:MAMA opened at $8.03 on Tuesday. Mama's Creations, Inc. has a 12 month low of $5.50 and a 12 month high of $9.98. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 0.16. The firm's 50 day moving average is $7.07 and its 200 day moving average is $7.23. The stock has a market capitalization of $302.02 million, a PE ratio of 89.23 and a beta of 0.71.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. Mama's Creations had a return on equity of 16.52% and a net margin of 3.02%. The business had revenue of $35.30 million during the quarter, compared to the consensus estimate of $32.74 million. Sell-side analysts expect that Mama's Creations, Inc. will post 0.09 earnings per share 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.

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