Park West Asset Management LLC Makes New Investment in Mama's Creations, Inc. $MAMA

Park West Asset Management LLC purchased a new stake in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 800,000 shares of the company's stock, valued at approximately $14,280,000. Park West Asset Management LLC owned 1.95% of Mama's Creations as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. BlackRock Inc. acquired a new position in Mama's Creations during the 2nd quarter worth about $42,473,000. Vanguard Group Inc. increased its stake in shares of Mama's Creations by 0.4% in the third quarter. Vanguard Group Inc. now owns 1,893,943 shares of the company's stock valued at $19,905,000 after buying an additional 7,254 shares during the period. Next Century Growth Investors LLC lifted its stake in shares of Mama's Creations by 54.5% in the fourth quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company's stock worth $22,817,000 after acquiring an additional 596,688 shares during the period. Jupiter Topco LLC acquired a new position in shares of Mama's Creations in the second quarter worth approximately $23,880,000. Finally, Geode Capital Management LLC boosted its holdings in Mama's Creations by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 898,594 shares of the company's stock valued at $12,125,000 after acquiring an additional 68,506 shares during the last quarter. Institutional investors own 45.18% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. DA Davidson restated a "buy" rating and set a $25.00 price target on shares of Mama's Creations in a report on Monday, July 13th. 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. Benchmark started coverage on shares of Mama's Creations in a research note on Tuesday, July 21st. They set a "buy" rating and a $25.00 target price for the company. William Blair began coverage on shares of Mama's Creations in a report on Friday, July 24th. They issued an "outperform" rating on the stock. Finally, Weiss Ratings cut shares of Mama's Creations from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $19.83.

Mama's Creations Stock Performance

Shares of Mama's Creations stock opened at $16.76 on Thursday. The business has a 50-day simple moving average of $17.93 and a 200 day simple moving average of $16.10. Mama's Creations, Inc. has a one year low of $7.89 and a one year high of $21.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.32 and a quick ratio of 1.90. The firm has a market capitalization of $686.15 million, a price-to-earnings ratio of 119.71 and a beta of 0.56.

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

About Mama's Creations

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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