Diamond Hill Capital Management Inc. Acquires 148,147 Shares of Mama's Creations, Inc. (NASDAQ:MAMA)

Key Points

• Diamond Hill Capital Management Inc. increased its stake in Mama's Creations by 36.1%, acquiring an additional 148,147 shares, bringing its total holdings to 558,579 shares valued at approximately $3.6 million.
• The company recently reported quarterly earnings of $0.03 EPS, surpassing analysts' expectations of $0.02, with revenues of $35.3 million against estimates of $32.74 million.
• Roth Capital has upgraded its target price for Mama's Creations shares to $10.00, maintaining a "buy" rating as Wall Street analysts forecast growth for the company.

Diamond Hill Capital Management Inc. boosted its stake in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 36.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 558,579 shares of the company's stock after acquiring an additional 148,147 shares during the quarter. Diamond Hill Capital Management Inc. owned about 1.49% of Mama's Creations worth $3,636,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new stake in Mama's Creations during the fourth quarter worth approximately $68,000. Legato Capital Management LLC bought a new stake in Mama's Creations during the first quarter worth approximately $71,000. Price T Rowe Associates Inc. MD increased its stake in Mama's Creations by 19.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,622 shares of the company's stock worth $101,000 after acquiring an additional 2,073 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Mama's Creations during the first quarter worth approximately $116,000. Finally, PEAK6 LLC bought a new stake in Mama's Creations during the fourth quarter worth approximately $137,000. 45.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Mama's Creations Trading Down 1.1%

Shares of MAMA traded down $0.10 during mid-day trading on Monday, reaching $8.94. 58,299 shares of the company's stock traded hands, compared to its average volume of 287,962. The stock has a market cap of $336.05 million, a P/E ratio of 81.28 and a beta of 0.69. The stock's 50-day moving average is $8.33 and its two-hundred day moving average is $7.31. Mama's Creations, Inc. has a 12 month low of $5.50 and a 12 month high of $9.98. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.29 and a quick ratio of 1.01.

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

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.