Navellier & Associates Inc. Makes New $571,000 Investment in Mama's Creations, Inc. (NASDAQ:MAMA)

Navellier & Associates Inc. acquired a new stake in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 116,302 shares of the company's stock, valued at approximately $571,000. Navellier & Associates Inc. owned 0.31% of Mama's Creations at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAMA. Heartland Advisors Inc. bought a new position in shares of Mama's Creations during the 4th quarter valued at about $4,664,000. Thompson Siegel & Walmsley LLC acquired a new stake in Mama's Creations during the fourth quarter valued at approximately $3,389,000. Finally, Jump Financial LLC acquired a new stake in Mama's Creations during the fourth quarter valued at approximately $323,000. Institutional investors own 45.18% of the company's stock.

Mama's Creations Stock Down 1.7 %

NASDAQ:MAMA traded down $0.12 during trading hours on Friday, hitting $6.77. 342,448 shares of the stock traded hands, compared to its average volume of 407,882. The firm has a 50 day moving average price of $5.40 and a 200 day moving average price of $4.69. The firm has a market cap of $252.25 million, a price-to-earnings ratio of 37.61 and a beta of 1.04. Mama's Creations, Inc. has a fifty-two week low of $2.28 and a fifty-two week high of $7.02. The company has a current ratio of 1.41, a quick ratio of 1.21 and a debt-to-equity ratio of 0.32.

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

Analyst Upgrades and Downgrades

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

Mama's Creations Company 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.