Nuveen LLC Buys Shares of 59,556 Mama's Creations, Inc. $MAMA

Key Points

• Nuveen LLC acquired 59,556 shares of Mama's Creations, Inc. valued at approximately $388,000, establishing a new position in the company during the 1st quarter.
• The stock price of Mama's Creations increased by 0.6%, with a market capitalization of $353.53 million and a PE ratio of 85.46.
• Recent earnings results showed a net revenue of $35.30 million and an EPS of $0.03, exceeding analysts' expectations of $0.02.

Nuveen LLC acquired a new stake in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 59,556 shares of the company's stock, valued at approximately $388,000. Nuveen LLC owned about 0.16% of Mama's Creations as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of MAMA. BNP Paribas Financial Markets purchased a new stake in Mama's Creations during the 4th quarter valued at about $68,000. Legato Capital Management LLC purchased a new stake in Mama's Creations during the 1st quarter valued at about $71,000. Price T Rowe Associates Inc. MD grew its position in Mama's Creations by 19.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,622 shares of the company's stock valued at $101,000 after purchasing an additional 2,073 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Mama's Creations during the 1st quarter valued at about $116,000. Finally, Deutsche Bank AG grew its position in Mama's Creations by 3,085.4% during the 4th quarter. Deutsche Bank AG now owns 26,407 shares of the company's stock valued at $210,000 after purchasing an additional 25,578 shares during the last quarter. 45.18% of the stock is owned by hedge funds and other institutional investors.

Mama's Creations Stock Performance

Shares of MAMA stock traded up $0.04 during trading hours on Friday, reaching $9.44. The company had a trading volume of 156,104 shares, compared to its average volume of 189,443. The business has a fifty day moving average price of $8.64 and a 200-day moving average price of $7.50. Mama's Creations, Inc. has a one year low of $5.50 and a one year high of $9.98. The firm has a market cap of $355.05 million, a PE ratio of 85.83 and a beta of 0.65. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.01 and a current ratio of 1.29.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MAMA shares. Zacks Research downgraded shares of Mama's Creations from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. 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 report on Wednesday, June 4th. Finally, Wall Street Zen lowered shares of Mama's Creations from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.50.

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.