Alyeska Investment Group L.P. Acquires 550,000 Shares of Mama's Creations, Inc. $MAMA

Key Points

• Alyeska Investment Group increased its Mama’s Creations stake by 137.5% in the second quarter, purchasing 550,000 additional shares to own 950,000 shares, or roughly 2.32% of the company.
• Analyst sentiment remains positive overall, with an average rating of “Moderate Buy” and an average price target of $19.83; however, Wall Street Zen and Zacks Research downgraded the stock to “Hold.”
• Mama’s Creations exceeded quarterly expectations, reporting EPS of $0.05 versus a $0.03 estimate and revenue of $52.77 million versus a $51.63 million consensus estimate. Shares opened at $16.23, compared with a 52-week range of $7.89 to $21.00.

Alyeska Investment Group L.P. lifted its holdings in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 137.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 950,000 shares of the company's stock after buying an additional 550,000 shares during the quarter. Alyeska Investment Group L.P. owned about 2.32% of Mama's Creations worth $16,958,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MAMA. Creative Planning acquired a new position in Mama's Creations in the second quarter valued at approximately $141,000. Rhumbline Advisers grew its holdings in Mama's Creations by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 46,824 shares of the company's stock worth $389,000 after acquiring an additional 2,125 shares during the period. American Century Companies Inc. grew its holdings in Mama's Creations by 1.6% during the 2nd quarter. American Century Companies Inc. now owns 89,062 shares of the company's stock worth $739,000 after acquiring an additional 1,375 shares during the period. Prudential Financial Inc. bought a new stake in shares of Mama's Creations during the 2nd quarter valued at $100,000. Finally, Quantbot Technologies LP bought a new stake in shares of Mama's Creations during the 2nd quarter valued at $136,000. Institutional investors and hedge funds own 45.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MAMA. Wall Street Zen downgraded Mama's Creations from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. DA Davidson reaffirmed a "buy" rating and set a $25.00 price objective on shares of Mama's Creations in a research note on Monday, July 13th. Zacks Research downgraded Mama's Creations from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 28th. Benchmark initiated coverage on Mama's Creations in a research note on Tuesday, July 21st. They issued a "buy" rating and a $25.00 target price on the stock. Finally, William Blair assumed coverage on Mama's Creations in a report on Friday, July 24th. They set an "outperform" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $19.83.

Mama's Creations Stock Performance

Shares of MAMA stock opened at $16.23 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.32. Mama's Creations, Inc. has a 52 week low of $7.89 and a 52 week high of $21.00. The company's 50 day moving average price is $17.83 and its two-hundred day moving average price is $16.11. The company has a market capitalization of $664.46 million, a P/E ratio of 115.93 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 (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $52.77 million during the quarter, compared to the consensus estimate 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 prior year, the firm earned $0.03 earnings per share. On average, analysts expect that Mama's Creations, Inc. will post 0.24 earnings per share for the current fiscal 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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