Mama's Creations, Inc. $MAMA Shares Sold by Uniplan Investment Counsel Inc.

Key Points

• Uniplan Investment Counsel Inc. reduced its stake in Mama's Creations, Inc. by 26.1%, owning 451,180 shares worth approximately $2.9 million after selling 159,426 shares in the first quarter.
• Multiple institutional investors have also altered their positions, with hedge funds and other entities owning 45.18% of the stock.
• Analyst ratings have varied, as Zacks Research downgraded Mama's Creations to a "hold" while Roth Capital maintained a "buy" rating with a price target increase to $10.00.

Uniplan Investment Counsel Inc. reduced its position in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 26.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 451,180 shares of the company's stock after selling 159,426 shares during the quarter. Uniplan Investment Counsel Inc. owned 1.20% of Mama's Creations worth $2,937,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in Mama's Creations by 32.1% in the 4th quarter. Bank of America Corp DE now owns 33,882 shares of the company's stock worth $270,000 after purchasing an additional 8,242 shares during the period. Rhumbline Advisers raised its position in Mama's Creations by 5.0% in the 1st quarter. Rhumbline Advisers now owns 44,699 shares of the company's stock worth $291,000 after purchasing an additional 2,146 shares during the period. Deutsche Bank AG boosted its stake in shares of Mama's Creations by 3,085.4% during the fourth 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 period. Barclays PLC boosted its stake in shares of Mama's Creations by 10.8% during the fourth quarter. Barclays PLC now owns 52,127 shares of the company's stock valued at $415,000 after purchasing an additional 5,072 shares during the period. Finally, Northern Trust Corp increased its stake in Mama's Creations by 2.6% in the 4th quarter. Northern Trust Corp now owns 268,933 shares of the company's stock worth $2,141,000 after buying an additional 6,728 shares during the period. 45.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Zacks Research downgraded shares of Mama's Creations from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Roth Capital increased their price objective on Mama's Creations from $10.00 to $13.00 and gave the stock a "buy" rating in a research note on Tuesday. Wall Street Zen lowered Mama's Creations from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Finally, Lake Street Capital increased their price target on Mama's Creations from $11.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Mama's Creations has an average rating of "Moderate Buy" and a consensus target price of $12.25.

Mama's Creations Stock Up 2.2%

NASDAQ MAMA traded up $0.21 during trading on Wednesday, reaching $9.66. 447,186 shares of the company's stock traded hands, compared to its average volume of 281,072. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.29 and a quick ratio of 1.01. The firm has a market cap of $363.32 million, a price-to-earnings ratio of 87.83 and a beta of 0.65. The company's 50 day simple moving average is $8.68 and its two-hundred day simple moving average is $7.54. Mama's Creations, Inc. has a 12-month low of $5.50 and a 12-month high of $9.98.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last announced its earnings results on Monday, September 8th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. The business had revenue of $35.20 million during the quarter, compared to the consensus estimate of $33.18 million. Mama's Creations had a net margin of 3.34% and a return on equity of 18.26%. During the same period in the previous year, the company posted $0.03 earnings per share. As a group, sell-side analysts forecast that Mama's Creations, Inc. will post 0.09 EPS 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.