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Perritt Capital Management Inc. Invests $1.37 Million in Mama's Creations, Inc. (NASDAQ:MAMA)

Mama's Creations logo with Consumer Staples background

Perritt Capital Management Inc. purchased a new position in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 278,862 shares of the company's stock, valued at approximately $1,369,000. Mama's Creations comprises approximately 0.8% of Perritt Capital Management Inc.'s holdings, making the stock its 24th biggest position. Perritt Capital Management Inc. owned approximately 0.74% of Mama's Creations at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Wasatch Advisors LP acquired a new position in shares of Mama's Creations in the fourth quarter worth $19,069,000. Bard Associates Inc. purchased a new position in Mama's Creations in the 4th quarter valued at about $5,688,000. Heartland Advisors Inc. acquired a new stake in shares of Mama's Creations during the 4th quarter worth about $4,664,000. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Mama's Creations during the fourth quarter worth about $3,389,000. Finally, Aristides Capital LLC acquired a new position in Mama's Creations in the 4th quarter valued at $576,000. 45.18% of the stock is currently owned by hedge funds and other institutional investors.

Mama's Creations Stock Down 2.3 %

MAMA stock traded down $0.15 during midday trading on Friday, hitting $6.40. 343,063 shares of the company's stock were exchanged, compared to its average volume of 366,903. The stock has a market capitalization of $238.46 million, a price-to-earnings ratio of 42.67 and a beta of 0.98. The company has a current ratio of 1.37, a quick ratio of 1.21 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average price of $6.17 and a 200-day moving average price of $5.16. Mama's Creations, Inc. has a 12-month low of $2.46 and a 12-month high of $7.57.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. Mama's Creations had a net margin of 5.19% and a return on equity of 31.02%. The firm had revenue of $26.73 million for the quarter, compared to the consensus estimate of $25.07 million. On average, analysts anticipate that Mama's Creations, Inc. will post 0.15 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on MAMA shares. Lake Street Capital upped their price target on shares of Mama's Creations from $7.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday. Craig Hallum increased their price objective on shares of Mama's Creations from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Wednesday. TheStreet upgraded shares of Mama's Creations from a "c+" rating to a "b-" rating in a report on Thursday, February 22nd. Finally, Roth Mkm restated a "buy" rating and set a $8.50 price objective (up previously from $6.50) on shares of Mama's Creations in a research note on Wednesday. Five equities research analysts have rated the stock with a buy rating, According to data from, the stock currently has an average rating of "Buy" and a consensus target price of $9.38.

View Our Latest Research Report on Mama's Creations

Mama's Creations Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mama's Creations (NASDAQ:MAMA)

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