Expect Equity LLC Has $1.84 Million Position in Mama's Creations, Inc. $MAMA

Key Points

• Expect Equity LLC increased its position in Mama's Creations by 49.8%, owning approximately $1.84 million worth of shares at the end of the last quarter.
• Several institutional investors have recently acquired or adjusted their holdings in Mama's Creations, with hedge funds now owning 45.18% of the company's stock.
• Research firms have downgraded Mama's Creations from "buy" to "hold," but consensus ratings remain at a "Moderate Buy" with an average price target of $10.50.

Expect Equity LLC grew its holdings in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 49.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 283,224 shares of the company's stock after purchasing an additional 94,117 shares during the period. Mama's Creations makes up 2.1% of Expect Equity LLC's portfolio, making the stock its 27th biggest position. Expect Equity LLC owned about 0.75% of Mama's Creations worth $1,844,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MAMA. AlphaQuest LLC acquired a new position in Mama's Creations during the first quarter valued at $35,000. BNP Paribas Financial Markets purchased a new position in Mama's Creations during the 4th quarter valued at about $68,000. Legato Capital Management LLC acquired a new position in shares of Mama's Creations in the 1st quarter valued at about $71,000. Price T Rowe Associates Inc. MD lifted its position in shares of Mama's Creations by 19.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,622 shares of the company's stock worth $101,000 after purchasing an additional 2,073 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Mama's Creations during the first quarter worth approximately $116,000. Hedge funds and other institutional investors own 45.18% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MAMA. Wall Street Zen lowered shares of Mama's Creations from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Zacks Research cut shares of Mama's Creations from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Roth Capital reiterated a "buy" rating and set a $10.00 price objective (up from $9.00) on shares of Mama's Creations in a report on Wednesday, June 4th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Mama's Creations currently has a consensus rating of "Moderate Buy" and an average price target of $10.50.

Mama's Creations Stock Performance

MAMA stock opened at $8.08 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.29 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $303.90 million, a price-to-earnings ratio of 73.46 and a beta of 0.75. Mama's Creations, Inc. has a 12 month low of $5.50 and a 12 month high of $9.98. The firm has a 50 day moving average of $8.55 and a two-hundred day moving average of $7.43.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates 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. As a group, equities analysts anticipate that Mama's Creations, Inc. will post 0.09 EPS 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.

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