Heartland Advisors Inc. Acquires Shares of 950,000 Mama's Creations, Inc. (NASDAQ:MAMA)

Heartland Advisors Inc. purchased a new position in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 950,000 shares of the company's stock, valued at approximately $4,664,000. Heartland Advisors Inc. owned approximately 2.54% of Mama's Creations as of its most recent filing with the Securities & Exchange Commission.

Separately, Jump Financial LLC acquired a new stake in Mama's Creations during the 4th quarter worth approximately $323,000. Institutional investors own 45.18% of the company's stock.

Mama's Creations Stock Down 1.7 %

Shares of NASDAQ:MAMA traded down $0.12 on Friday, hitting $6.77. 342,448 shares of the company's stock were exchanged, compared to its average volume of 292,620. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.21 and a current ratio of 1.41. Mama's Creations, Inc. has a 1-year low of $2.28 and a 1-year high of $7.02. The company has a market capitalization of $252.25 million, a PE ratio of 37.61 and a beta of 1.04. The firm's 50-day moving average is $5.40 and its 200 day moving average is $4.69.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. The firm had revenue of $26.73 million during the quarter, compared to the consensus estimate of $25.07 million. Mama's Creations had a return on equity of 39.00% and a net margin of 6.35%. Sell-side analysts predict that Mama's Creations, Inc. will post 0.15 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Roth Mkm reaffirmed a "buy" rating and set a $6.50 price objective (up previously from $6.00) on shares of Mama's Creations in a research report on Thursday, April 25th. Lake Street Capital increased their price target on Mama's Creations from $6.00 to $7.00 and gave the company a "buy" rating in a research report on Thursday, April 25th. Roth Capital reissued a "buy" rating on shares of Mama's Creations in a research report on Thursday, February 1st. Finally, TheStreet upgraded shares of Mama's Creations from a "c+" rating to a "b-" rating in a research note on Thursday, February 22nd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $7.88.

Mama's Creations Profile

Mama's Creations, Inc, together with its subsidiaries, manufactures and markets prepared refrigerated foods primarily in the United States. The company offers beef and turkey meatballs, meat loaf, chicken, sausage-related products, and pasta entrees; and hot bars, salad bars, prepared foods, sandwich, and cold deli and foods-to-go sections.