Punch & Associates Investment Management Inc. Takes $2.68 Million Position in Mama's Creations, Inc. $MAMA

Key Points

• Punch & Associates acquired 150,000 shares of Mama’s Creations worth approximately $2.68 million, representing about 0.37% of the company. Institutional investors and hedge funds collectively own 45.18% of the stock.
• Mama’s Creations exceeded quarterly expectations, reporting $0.05 in EPS versus the $0.03 consensus and revenue of $52.77 million, above estimates of $51.63 million.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $19.83 target price, although some firms recently downgraded the stock to “Hold.”

Punch & Associates Investment Management Inc. bought a new position in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 150,000 shares of the company's stock, valued at approximately $2,678,000. Punch & Associates Investment Management Inc. owned about 0.37% of Mama's Creations at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MAMA. BlackRock Inc. purchased a new stake in Mama's Creations in the 2nd quarter valued at $42,473,000. Jupiter Topco LLC purchased a new position in Mama's Creations during the 2nd quarter worth $23,880,000. Park West Asset Management LLC purchased a new position in Mama's Creations during the 2nd quarter worth $14,280,000. Bard Associates Inc. acquired a new position in Mama's Creations in the second quarter valued at $12,073,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Mama's Creations in the second quarter valued at $10,860,000. 45.18% of the stock is owned by institutional investors and hedge funds.

Mama's Creations Stock Performance

NASDAQ MAMA opened at $16.76 on Thursday. The stock has a market capitalization of $686.15 million, a price-to-earnings ratio of 119.71 and a beta of 0.56. The business's 50 day moving average is $17.93 and its two-hundred day moving average is $16.10. Mama's Creations, Inc. has a 12-month low of $7.89 and a 12-month high of $21.00. 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 (NASDAQ:MAMA - Get Free Report) last posted 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. Mama's Creations had a return on equity of 14.69% and a net margin of 3.21%.The business had revenue of $52.77 million during the quarter, compared to analysts' expectations of $51.63 million. During the same period last year, the firm earned $0.03 EPS. Research analysts expect that Mama's Creations, Inc. will post 0.24 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Benchmark assumed 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 assumed coverage on Mama's Creations in a research report on Friday, July 24th. They issued an "outperform" rating on the stock. Zacks Research downgraded Mama's Creations from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. DA Davidson reaffirmed 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, Wall Street Zen downgraded Mama's Creations from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. One equities research 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, Mama's Creations has a consensus rating of "Moderate Buy" and a consensus target price of $19.83.

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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