Jupiter Topco LLC Purchases Shares of 1,337,813 Mama's Creations, Inc. $MAMA

Key Points

• Jupiter Topco LLC acquired 1.34 million Mama’s Creations shares worth approximately $23.9 million, giving it a 3.27% stake. Institutional ownership overall reached 45.18%.
• Analyst sentiment remains positive but mixed: the stock carries a “Moderate Buy” consensus rating and an average price target of $19.83, though several firms recently downgraded it to “Hold.”
• Mama’s Creations reported quarterly EPS of $0.05, beating estimates by $0.02, while revenue of $52.77 million also exceeded forecasts. Shares opened at $16.38, with a 12-month range of $7.89 to $21.00.

Jupiter Topco LLC acquired a new position in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,337,813 shares of the company's stock, valued at approximately $23,880,000. Jupiter Topco LLC owned 3.27% of Mama's Creations at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MAMA. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Mama's Creations during the 2nd quarter worth $10,860,000. Kornitzer Capital Management Inc. KS acquired a new position in Mama's Creations in the fourth quarter valued at about $1,016,000. Rice Hall James & Associates LLC acquired a new position in Mama's Creations in the second quarter valued at about $2,901,000. Sei Investments Co. lifted its position in Mama's Creations by 97.5% during the first quarter. Sei Investments Co. now owns 314,640 shares of the company's stock worth $4,827,000 after purchasing an additional 155,367 shares during the period. Finally, 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 purchasing an additional 596,688 shares during the period. 45.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MAMA has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Mama's Creations from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. DA Davidson reaffirmed a "buy" rating and set a $25.00 price target on shares of Mama's Creations in a report on Monday, July 13th. William Blair started coverage on shares of Mama's Creations in a research report on Friday, July 24th. They set an "outperform" rating on the stock. Weiss Ratings cut shares of Mama's Creations from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, August 19th. Finally, Zacks Research downgraded shares of Mama's Creations from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $19.83.

Mama's Creations Stock Up 2.2%

MAMA stock opened at $16.38 on Friday. The stock has a market capitalization of $670.60 million, a P/E ratio of 117.00 and a beta of 0.56. The company has a current ratio of 2.32, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09. Mama's Creations, Inc. has a 12 month low of $7.89 and a 12 month high of $21.00. The firm has a 50-day moving average price of $17.87 and a 200-day moving average price of $16.11.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last announced its quarterly earnings results on Monday, June 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $52.77 million for the quarter, compared to analyst estimates 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 period in the previous year, the firm posted $0.03 EPS. As a group, equities research analysts anticipate that Mama's Creations, Inc. will post 0.24 EPS for the current fiscal 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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