American Century Companies Inc. Buys 4,702 Shares of Mama’s Creations, Inc. $MAMA

American Century Companies Inc. lifted its stake in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 5.7% in the first quarter, HoldingsChannel.com reports. The fund owned 87,687 shares of the company’s stock after acquiring an additional 4,702 shares during the quarter. American Century Companies Inc.’s holdings in Mama’s Creations were worth $571,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Nuveen LLC bought a new stake in shares of Mama’s Creations during the 1st quarter worth $388,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Mama’s Creations by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 97,534 shares of the company’s stock worth $635,000 after acquiring an additional 4,231 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in Mama’s Creations by 36.1% during the first quarter. Diamond Hill Capital Management Inc. now owns 558,579 shares of the company’s stock valued at $3,636,000 after acquiring an additional 148,147 shares during the last quarter. Legato Capital Management LLC bought a new position in Mama’s Creations during the first quarter valued at approximately $71,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Mama’s Creations during the first quarter valued at approximately $116,000. 45.18% of the stock is owned by institutional investors.

Mama’s Creations Trading Up 0.4%

Shares of MAMA stock opened at $9.44 on Friday. Mama’s Creations, Inc. has a 12-month low of $5.50 and a 12-month high of $9.98. The stock has a market capitalization of $355.04 million, a P/E ratio of 85.83 and a beta of 0.65. The company has a current ratio of 1.29, a quick ratio of 1.01 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average is $8.64 and its 200 day moving average is $7.49.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Mama’s Creations had a net margin of 3.41% and a return on equity of 18.19%. The business had revenue of $35.30 million for the quarter, compared to the consensus estimate of $32.74 million. Research analysts expect that Mama’s Creations, Inc. will post 0.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

MAMA has been the topic of a number of recent research reports. Wall Street Zen cut shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Roth Capital reaffirmed a “buy” rating and set a $10.00 price objective (up from $9.00) on shares of Mama’s Creations in a research note on Wednesday, June 4th. Finally, Zacks Research downgraded shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.50.

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.