Wesbanco Bank Inc. Makes New Investment in Mama’s Creations, Inc. (NASDAQ:MAMA)

Wesbanco Bank Inc. purchased a new position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 78,000 shares of the company’s stock, valued at approximately $508,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new stake in Mama’s Creations during the fourth quarter worth $68,000. Price T Rowe Associates Inc. MD raised its position in Mama’s Creations by 19.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,622 shares of the company’s stock worth $101,000 after acquiring an additional 2,073 shares in the last quarter. SG Americas Securities LLC raised its position in Mama’s Creations by 25.2% during the fourth quarter. SG Americas Securities LLC now owns 15,380 shares of the company’s stock worth $122,000 after acquiring an additional 3,093 shares in the last quarter. PEAK6 LLC bought a new stake in Mama’s Creations during the fourth quarter worth $137,000. Finally, Tocqueville Asset Management L.P. bought a new stake in Mama’s Creations during the fourth quarter worth $141,000. 45.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Roth Capital reaffirmed a “buy” rating and set a $10.00 price target (up from $9.00) on shares of Mama’s Creations in a research report on Wednesday, June 4th.

Mama’s Creations Price Performance

Shares of MAMA opened at $8.14 on Wednesday. The firm has a market capitalization of $306.15 million, a PE ratio of 90.45 and a beta of 0.71. The company’s 50-day moving average is $6.99 and its 200-day moving average is $7.29. Mama’s Creations, Inc. has a fifty-two week low of $5.50 and a fifty-two week high of $9.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.17 and a quick ratio of 1.00.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $35.30 million for the quarter, compared to analyst estimates of $32.74 million. Mama’s Creations had a net margin of 3.02% and a return on equity of 16.52%. Equities analysts forecast that Mama’s Creations, Inc. will post 0.09 EPS for the current year.

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.