162,527 Shares in Mama's Creations, Inc. $MAMA Acquired by Rice Hall James & Associates LLC

Key Points

• Rice Hall James & Associates acquired 162,527 shares of Mama’s Creations in the second quarter, worth approximately $2.9 million and representing a 0.40% stake. Institutional investors collectively own 45.18% of the company.
• Analyst sentiment remains positive overall, with a consensus “Buy” rating and an average price target of $19.83, despite some recent downgrades to “Hold.”
• MAMA opened at $16.04 after declining 7.1%; the company recently beat quarterly expectations with $0.05 in EPS versus $0.03 expected and revenue of $52.77 million versus $51.63 million projected.

Rice Hall James & Associates LLC purchased a new stake in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 162,527 shares of the company's stock, valued at approximately $2,901,000. Rice Hall James & Associates LLC owned 0.40% of Mama's Creations at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MAMA. Persistent Asset Partners Ltd acquired a new position in shares of Mama's Creations in the second quarter valued at $59,000. State of Alaska Department of Revenue acquired a new stake in shares of Mama's Creations during the 4th quarter worth about $63,000. Bridgeway Capital Management LLC acquired a new stake in shares of Mama's Creations during the 4th quarter worth about $135,000. Verition Fund Management LLC acquired a new stake in shares of Mama's Creations during the 3rd quarter worth about $105,000. Finally, Walleye Capital LLC bought a new stake in shares of Mama's Creations during the 2nd quarter worth about $87,000. Institutional investors and hedge funds own 45.18% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on MAMA shares. Zacks Research lowered shares of Mama's Creations from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. DA Davidson restated a "buy" rating and set a $25.00 price objective on shares of Mama's Creations in a report on Monday, July 13th. Weiss Ratings upgraded Mama's Creations from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 3rd. William Blair assumed coverage on Mama's Creations in a research report on Friday, July 24th. They issued an "outperform" rating on the stock. Finally, Wall Street Zen lowered Mama's Creations from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Mama's Creations currently has a consensus rating of "Buy" and an average price target of $19.83.

Mama's Creations Trading Down 7.1%

MAMA stock opened at $16.04 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.32. The company's 50-day simple moving average is $17.74 and its 200 day simple moving average is $16.06. Mama's Creations, Inc. has a 52 week low of $7.89 and a 52 week high of $21.00. The company has a market capitalization of $656.68 million, a PE ratio of 114.57 and a beta of 0.56.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last issued its quarterly earnings data on Monday, June 8th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The business had revenue of $52.77 million during the quarter, compared to analysts' expectations of $51.63 million. Mama's Creations had a net margin of 3.21% and a return on equity of 14.69%. During the same quarter in the previous year, the company earned $0.03 EPS. As a group, sell-side analysts anticipate that Mama's Creations, Inc. will post 0.24 earnings per share 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. Its brands include MamaMancini's, Creative Salads, and The Olive Branch. The company was founded by Daniel Dougherty on July 22, 2009 and is headquartered in East Rutherford, NJ.

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