Nuveen LLC Takes $388,000 Position in 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 the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 59,556 shares of the company's stock, valued at approximately $388,000. Nuveen LLC owned 0.16% of Mama's Creations at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC raised its holdings in shares of 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 worth $11,497,000 after acquiring an additional 1,412,884 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of Mama's Creations by 32.8% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 687,417 shares of the company's stock valued at $5,472,000 after buying an additional 169,825 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in Mama's Creations by 36.1% during the first quarter. Diamond Hill Capital Management Inc. now owns 558,579 shares of the company's stock worth $3,636,000 after buying an additional 148,147 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Mama's Creations by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 478,105 shares of the company's stock valued at $3,806,000 after buying an additional 16,631 shares during the last quarter. Finally, VELA Investment Management LLC boosted its holdings in Mama's Creations by 17.2% during the 1st quarter. VELA Investment Management LLC now owns 476,353 shares of the company's stock worth $3,101,000 after acquiring an additional 69,749 shares during the last quarter. 45.18% of the stock is owned by institutional investors.

Mama's Creations Stock Performance

Mama's Creations stock traded up $0.21 during midday trading on Wednesday, reaching $9.66. The stock had a trading volume of 447,186 shares, compared to its average volume of 257,634. The firm has a market capitalization of $391.23 million, a PE ratio of 87.83 and a beta of 0.65. Mama's Creations, Inc. has a 12 month low of $5.50 and a 12 month high of $9.98. The company has a quick ratio of 1.01, a current ratio of 1.58 and a debt-to-equity ratio of 0.05. The firm's 50-day moving average price is $8.70 and its 200 day moving average price is $7.55.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last posted its earnings results on Monday, September 8th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The firm had revenue of $35.20 million for the quarter, compared to the consensus estimate of $33.18 million. Mama's Creations had a return on equity of 17.41% and a net margin of 3.34%.During the same quarter in the prior year, the business posted $0.03 earnings per share. As a group, research analysts predict that Mama's Creations, Inc. will post 0.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MAMA has been the topic of several analyst reports. Lake Street Capital boosted their price target on shares of Mama's Creations from $11.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday. Wall Street Zen lowered Mama's Creations from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Zacks Research lowered Mama's Creations from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Roth Capital raised their target price on Mama's Creations from $10.00 to $13.00 and gave the company a "buy" rating in a research report on Tuesday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.25.

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.