Next Century Growth Investors LLC Has $22.82 Million Stake in Mama’s Creations, Inc. $MAMA

Next Century Growth Investors LLC boosted its stake in Mama’s Creations, Inc. (NASDAQ:MAMA) by 54.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,691,395 shares of the company’s stock after buying an additional 596,688 shares during the quarter. Mama’s Creations makes up 1.6% of Next Century Growth Investors LLC’s investment portfolio, making the stock its 16th largest holding. Next Century Growth Investors LLC’s holdings in Mama’s Creations were worth $22,817,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Barclays PLC grew its stake in shares of Mama’s Creations by 14.0% in the 4th quarter. Barclays PLC now owns 69,161 shares of the company’s stock worth $933,000 after acquiring an additional 8,516 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of Mama’s Creations in the 4th quarter worth $1,234,000. Stifel Financial Corp grew its stake in shares of Mama’s Creations by 184.3% in the 4th quarter. Stifel Financial Corp now owns 38,714 shares of the company’s stock worth $522,000 after acquiring an additional 25,096 shares in the last quarter. Focused Alpha LLC bought a new stake in shares of Mama’s Creations in the 4th quarter worth $724,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Mama’s Creations by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 106,777 shares of the company’s stock worth $1,440,000 after acquiring an additional 5,188 shares in the last quarter. 45.18% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Adam Laurance Michaels sold 16,223 shares of Mama’s Creations stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $15.30, for a total value of $248,211.90. Following the completion of the sale, the chief executive officer owned 695,288 shares of the company’s stock, valued at approximately $10,637,906.40. This trade represents a 2.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MAMA shares. Zacks Research lowered shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen upgraded shares of Mama’s Creations from a “hold” rating to a “buy” rating in a research note on Saturday. DA Davidson reiterated a “buy” rating and issued a $25.00 target price on shares of Mama’s Creations in a research note on Wednesday, May 20th. Finally, Weiss Ratings lowered shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.80.

Mama’s Creations Price Performance

Shares of NASDAQ:MAMA opened at $14.91 on Friday. The company’s 50-day moving average is $14.57 and its 200 day moving average is $14.48. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.71 and a current ratio of 2.32. The company has a market capitalization of $606.99 million, a P/E ratio of 106.50 and a beta of 0.60. Mama’s Creations, Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $17.85.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings results on Monday, June 8th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $52.77 million for the quarter, compared to the consensus estimate 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 earned $0.03 EPS. On average, equities research analysts forecast that Mama’s Creations, Inc. will post 0.26 earnings per share for the current 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.