Pillsbury Lake Capital LLC Makes New $1.61 Billion Investment in Mama's Creations, Inc. $MAMA

Key Points

• Pillsbury Lake Capital LLC acquired 90,110 shares of Mama’s Creations in the second quarter, reportedly valued at approximately $1.61 billion, representing a 0.22% stake. Other institutions also initiated positions, bringing institutional ownership to 45.18%.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $19.83; Benchmark and DA Davidson set $25 targets.
• Mama’s Creations exceeded quarterly expectations, reporting $0.05 in earnings per share versus a $0.03 consensus estimate and revenue of $52.77 million versus $51.63 million expected.

Pillsbury Lake Capital LLC purchased a new stake in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 90,110 shares of the company's stock, valued at approximately $1,608,464,000. Pillsbury Lake Capital LLC owned 0.22% of Mama's Creations at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Persistent Asset Partners Ltd acquired a new stake in shares of Mama's Creations in the second quarter worth approximately $59,000. Legal & General Group Plc acquired a new position in Mama's Creations during the second quarter worth approximately $65,000. Group One Trading LLC acquired a new position in Mama's Creations during the second quarter worth approximately $81,000. Walleye Capital LLC acquired a new position in Mama's Creations during the second quarter worth approximately $87,000. Finally, Prudential Financial Inc. purchased a new position in Mama's Creations during the second quarter worth approximately $100,000. Institutional investors and hedge funds own 45.18% of the company's stock.

Analysts Set New Price Targets

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

Mama's Creations Stock Performance

NASDAQ:MAMA opened at $16.76 on Thursday. The firm's fifty day simple moving average is $17.93 and its 200 day simple moving average is $16.10. 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 twelve month low of $7.89 and a twelve month high of $21.00. 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 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. Mama's Creations had a return on equity of 14.69% and a net margin of 3.21%.The firm had revenue of $52.77 million during the quarter, compared to the consensus estimate of $51.63 million. During the same period in the prior year, the firm earned $0.03 EPS. As a group, equities research 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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