Rice Hall James & Associates LLC Purchases New Stake in Mama’s Creations, Inc. $MAMA

Rice Hall James & Associates LLC purchased a new position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) in the second quarter, HoldingsChannel.com reports. The fund purchased 162,527 shares of the company’s stock, valued at approximately $2,901,000.

Several other institutional investors and hedge funds have also modified their holdings of MAMA. Vanguard Group Inc. lifted its holdings 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 worth $19,905,000 after acquiring an additional 7,254 shares during the last quarter. Next Century Growth Investors LLC increased its holdings in Mama’s Creations by 54.5% in the 4th quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company’s stock worth $22,817,000 after purchasing an additional 596,688 shares in the last quarter. Geode Capital Management LLC raised its position 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 purchasing an additional 68,506 shares during the last quarter. Park West Asset Management LLC bought a new position in Mama’s Creations in the third quarter valued at about $8,408,000. Finally, State Street Corp boosted its stake in shares of Mama’s Creations by 6.1% during the fourth quarter. State Street Corp now owns 734,201 shares of the company’s stock valued at $9,904,000 after purchasing an additional 42,059 shares in the last quarter. 45.18% of the stock is currently owned by institutional investors.

Mama’s Creations Trading Down 7.1%

NASDAQ MAMA opened at $16.04 on Wednesday. The business’s 50-day moving average price is $17.74 and its two-hundred day moving average price is $16.06. Mama’s Creations, Inc. has a 12 month low of $7.89 and a 12 month high of $21.00. The firm has a market capitalization of $656.68 million, a PE ratio of 114.57 and a beta of 0.56. 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) last issued its quarterly earnings data on Monday, June 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $51.63 million. During the same period last year, the company earned $0.03 earnings per share. On average, analysts expect that Mama’s Creations, Inc. will post 0.24 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Weiss Ratings upgraded Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. William Blair initiated coverage on shares of Mama’s Creations in a research report on Friday, July 24th. They set an “outperform” rating on the stock. Benchmark assumed coverage on shares of Mama’s Creations in a report on Tuesday, July 21st. They set a “buy” rating and a $25.00 target price on the stock. Wall Street Zen cut shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, DA Davidson reaffirmed a “buy” rating and set a $25.00 price target on shares of Mama’s Creations in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $19.83.

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.