Charles Schwab Investment Management Inc. Increases Stock Holdings in Mama’s Creations, Inc. $MAMA

Charles Schwab Investment Management Inc. raised its stake in Mama’s Creations, Inc. (NASDAQ:MAMA) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,534 shares of the company’s stock after purchasing an additional 4,231 shares during the period. Charles Schwab Investment Management Inc. owned 0.26% of Mama’s Creations worth $635,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MAMA. BNP Paribas Financial Markets purchased a new position in Mama’s Creations in the fourth quarter valued at approximately $68,000. Legato Capital Management LLC purchased a new position in Mama’s Creations in the first quarter valued at approximately $71,000. Price T Rowe Associates Inc. MD increased its stake in Mama’s Creations by 19.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,622 shares of the company’s stock valued at $101,000 after purchasing an additional 2,073 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Mama’s Creations in the first quarter valued at approximately $116,000. Finally, Deutsche Bank AG boosted its holdings in shares of Mama’s Creations by 3,085.4% in the fourth quarter. Deutsche Bank AG now owns 26,407 shares of the company’s stock valued at $210,000 after acquiring an additional 25,578 shares during the period. 45.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Roth Capital reissued a “buy” rating and issued a $10.00 price objective (up from $9.00) on shares of Mama’s Creations in a report on Wednesday, June 4th. Wall Street Zen downgraded Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Finally, Zacks Research downgraded Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $10.50.

Mama’s Creations Price Performance

Shares of NASDAQ MAMA opened at $9.13 on Wednesday. The stock has a fifty day moving average price of $8.56 and a 200 day moving average price of $7.45. 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 company has a market cap of $343.38 million, a PE ratio of 83.01 and a beta of 0.65. Mama’s Creations, Inc. has a 1-year low of $5.50 and a 1-year high of $9.98.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $35.30 million during the quarter, compared to analysts’ expectations of $32.74 million. Mama’s Creations had a net margin of 3.41% and a return on equity of 18.19%. Sell-side analysts forecast that Mama’s Creations, Inc. will post 0.09 EPS for the current year.

Mama’s Creations 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.