Mama's Creations, Inc. $MAMA Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. reduced its holdings in Mama's Creations, Inc. by 17.6%, selling 134,462 shares during the first quarter, and now owns approximately 1.68% of the company worth $4.1 million.
• Analysts have mixed opinions on the stock, with one agency lowering its rating from "buy" to "hold," while another has increased its target price from $9.00 to $10.00, indicating a general sentiment of caution.
• Mama's Creations reported earnings of $0.03 EPS for the last quarter, exceeding expectations, and has a market capitalization of approximately $323.45 million, alongside a stock price that recently opened at $8.60.

Russell Investments Group Ltd. reduced its holdings in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 17.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 631,116 shares of the company's stock after selling 134,462 shares during the period. Russell Investments Group Ltd. owned approximately 1.68% of Mama's Creations worth $4,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in shares of Mama's Creations in the fourth quarter worth about $68,000. Legato Capital Management LLC purchased a new position in shares of Mama's Creations in the first quarter valued at approximately $71,000. Price T Rowe Associates Inc. MD lifted its position in shares of 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 valued at $101,000 after acquiring an additional 2,073 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Mama's Creations during the first quarter worth approximately $116,000. Finally, Deutsche Bank AG lifted its position in Mama's Creations by 3,085.4% during the fourth quarter. Deutsche Bank AG now owns 26,407 shares of the company's stock worth $210,000 after buying an additional 25,578 shares in the last quarter. 45.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MAMA shares. Roth Capital restated a "buy" rating and issued a $10.00 target price (up previously from $9.00) on shares of Mama's Creations in a research report on Wednesday, June 4th. Wall Street Zen cut Mama's Creations from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Finally, Zacks Research cut Mama's Creations from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Mama's Creations presently has an average rating of "Moderate Buy" and a consensus target price of $10.50.

Mama's Creations Price Performance

NASDAQ:MAMA traded down $0.47 during trading hours on Thursday, reaching $8.08. 289,039 shares of the company traded hands, compared to its average volume of 143,513. The firm's 50-day moving average is $8.55 and its 200-day moving average is $7.43. The stock has a market cap of $303.89 million, a P/E ratio of 73.46 and a beta of 0.75. 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, Inc. has a 1-year low of $5.50 and a 1-year high of $9.98.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, topping 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 business had revenue of $35.30 million for the quarter, compared to analysts' expectations of $32.74 million. Equities research analysts expect that Mama's Creations, Inc. will post 0.09 earnings per share for the current fiscal year.

About Mama's Creations

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.