Expect Equity LLC Acquires New Position in Mama's Creations, Inc. $MAMA

Key Points

• Expect Equity LLC acquired 131,704 shares of Mama’s Creations worth approximately $2.35 million, representing about 0.32% of the company. Institutional investors and hedge funds collectively own 45.18% of the stock.
• Analyst sentiment remains positive overall, with an average “Moderate Buy” rating and an average price target of $19.83; Benchmark and DA Davidson set $25 targets, while some firms downgraded the stock to “Hold.”
• Mama’s Creations exceeded quarterly expectations, reporting $0.05 in EPS versus a $0.03 estimate and revenue of $52.77 million versus $51.63 million expected. The stock opened at $16.64, compared with a 52-week range of $7.89 to $21.00.

Expect Equity LLC bought a new position in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 131,704 shares of the company's stock, valued at approximately $2,351,000. Expect Equity LLC owned approximately 0.32% of Mama's Creations at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Mama's Creations in the second quarter valued at approximately $42,473,000. Vanguard Group Inc. lifted its position in Mama's Creations by 0.4% during the third quarter. Vanguard Group Inc. now owns 1,893,943 shares of the company's stock worth $19,905,000 after buying an additional 7,254 shares in the last quarter. Next Century Growth Investors LLC lifted its position in Mama's Creations by 54.5% during the fourth quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company's stock worth $22,817,000 after buying an additional 596,688 shares in the last quarter. Geode Capital Management LLC boosted its stake in Mama's Creations by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 898,594 shares of the company's stock worth $12,125,000 after buying an additional 68,506 shares during the last quarter. Finally, Park West Asset Management LLC acquired a new position in Mama's Creations during the third quarter worth $8,408,000. 45.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MAMA has been the subject of a number of recent research reports. Benchmark began coverage on Mama's Creations in a research note on Tuesday, July 21st. They issued a "buy" rating and a $25.00 target price for the company. William Blair initiated coverage on shares of Mama's Creations in a research report on Friday, July 24th. They set an "outperform" rating on the stock. Zacks Research lowered shares of Mama's Creations from a "strong-buy" rating to a "hold" rating in a report 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 research report on Monday, July 13th. Finally, Weiss Ratings downgraded shares of Mama's Creations from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $19.83.

Mama's Creations Price Performance

MAMA stock opened at $16.64 on Wednesday. Mama's Creations, Inc. has a 52-week low of $7.89 and a 52-week high of $21.00. The company has a quick ratio of 1.90, a current ratio of 2.32 and a debt-to-equity ratio of 0.09. The stock has a market cap of $681.24 million, a price-to-earnings ratio of 118.86 and a beta of 0.56. The business has a fifty day moving average of $17.91 and a two-hundred day moving average of $16.10.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last announced its quarterly earnings results on Monday, June 8th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $52.77 million for the quarter, compared to analyst estimates of $51.63 million. Mama's Creations had a return on equity of 14.69% and a net margin of 3.21%.During the same quarter in the prior year, the company posted $0.03 EPS. As a group, research analysts anticipate that Mama's Creations, Inc. will post 0.24 earnings per share for the current year.

Mama's Creations Company 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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