Trail Ridge Investment Advisors LLC Acquires Shares of 77,581 Mama's Creations, Inc. $MAMA

Key Points

• Trail Ridge Investment Advisors acquired 77,581 shares of Mama’s Creations during the second quarter, valued at approximately $1.385 million and representing about 0.19% of the company.
• Several other institutional investors also initiated positions, bringing institutional ownership of Mama’s Creations to 45.18%.
• Mama’s Creations exceeded quarterly expectations with EPS of $0.05 versus $0.03 expected and revenue of $52.77 million versus $51.63 million estimated. Analysts maintain a “Moderate Buy” consensus with an average price target of $19.83.

Trail Ridge Investment Advisors LLC bought 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 13F filing with the Securities and Exchange Commission. The institutional investor bought 77,581 shares of the company's stock, valued at approximately $1,385,000. Trail Ridge Investment Advisors LLC owned approximately 0.19% of Mama's Creations as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Persistent Asset Partners Ltd acquired a new stake in shares of Mama's Creations in the second quarter valued at approximately $59,000. State of Alaska Department of Revenue acquired a new stake in Mama's Creations during the fourth quarter worth approximately $63,000. Walleye Capital LLC acquired a new stake in Mama's Creations during the second quarter worth approximately $87,000. Prudential Financial Inc. bought a new position in Mama's Creations during the 2nd quarter worth $100,000. Finally, Verition Fund Management LLC bought a new position in Mama's Creations during the 3rd quarter worth $105,000. 45.18% of the stock is owned by institutional investors.

Mama's Creations Stock Up 0.4%

NASDAQ MAMA opened at $16.50 on Tuesday. The business has a fifty day moving average price of $17.88 and a two-hundred day moving average price of $16.09. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.32 and a quick ratio of 1.90. Mama's Creations, Inc. has a fifty-two week low of $7.89 and a fifty-two week high of $21.00. The stock has a market capitalization of $675.51 million, a PE ratio of 117.86 and a beta of 0.56.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last issued 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 company had revenue of $52.77 million for the quarter, compared to analyst estimates of $51.63 million. During the same quarter last year, the company posted $0.03 EPS. Equities analysts expect that Mama's Creations, Inc. will post 0.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

MAMA has been the subject of a number of recent analyst reports. DA Davidson reiterated a "buy" rating and set a $25.00 target price on shares of Mama's Creations in a research report on Monday, July 13th. Benchmark began coverage on Mama's Creations in a research report on Tuesday, July 21st. They issued a "buy" rating and a $25.00 price target on the stock. Wall Street Zen downgraded Mama's Creations from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. William Blair assumed coverage on shares of Mama's Creations in a research report on Friday, July 24th. They set an "outperform" rating for the company. Finally, Zacks Research cut 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 given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $19.83.

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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