Annex Advisory Services LLC Grows Position in Mama’s Creations, Inc. (NASDAQ:MAMA)

Annex Advisory Services LLC grew its stake in Mama’s Creations, Inc. (NASDAQ:MAMA) by 71.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,221,373 shares of the company’s stock after acquiring an additional 507,065 shares during the quarter. Annex Advisory Services LLC owned about 3.25% of Mama’s Creations worth $9,722,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in Mama’s Creations by 319.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 58,842 shares of the company’s stock valued at $430,000 after purchasing an additional 44,817 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of Mama’s Creations during the third quarter valued at approximately $152,000. Barclays PLC boosted its position in Mama’s Creations by 35.1% during the third quarter. Barclays PLC now owns 47,055 shares of the company’s stock worth $343,000 after acquiring an additional 12,213 shares during the last quarter. Geode Capital Management LLC boosted its position in Mama’s Creations by 7.7% during the third quarter. Geode Capital Management LLC now owns 755,491 shares of the company’s stock worth $5,516,000 after acquiring an additional 53,850 shares during the last quarter. Finally, State Street Corp grew its stake in Mama’s Creations by 20.7% in the 3rd quarter. State Street Corp now owns 489,623 shares of the company’s stock worth $3,574,000 after acquiring an additional 84,050 shares during the period. Institutional investors and hedge funds own 45.18% of the company’s stock.

Mama’s Creations Price Performance

MAMA stock opened at $7.80 on Monday. The company has a market capitalization of $293.20 million, a PE ratio of 86.68 and a beta of 1.07. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average is $8.32 and its two-hundred day moving average is $7.95. Mama’s Creations, Inc. has a 52-week low of $4.17 and a 52-week high of $9.98.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings results on Monday, December 16th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Mama’s Creations had a net margin of 3.02% and a return on equity of 16.52%. During the same quarter last year, the firm earned $0.05 earnings per share. Analysts predict that Mama’s Creations, Inc. will post 0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Lake Street Capital increased their price target on Mama’s Creations from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Roth Mkm reiterated a “buy” rating and set a $11.00 target price (up from $10.00) on shares of Mama’s Creations in a research report on Tuesday, December 17th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $10.67.

About Mama’s Creations

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.