Squarepoint Ops LLC Grows Stock Holdings in Mama’s Creations, Inc. $MAMA

Squarepoint Ops LLC grew its holdings in Mama’s Creations, Inc. (NASDAQ:MAMA) by 278.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 138,301 shares of the company’s stock after acquiring an additional 101,736 shares during the period. Squarepoint Ops LLC’s holdings in Mama’s Creations were worth $2,469,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MAMA. BlackRock Inc. bought a new position in Mama’s Creations during the second quarter valued at approximately $42,473,000. Jupiter Topco LLC purchased a new stake in Mama’s Creations during the second quarter valued at approximately $23,880,000. Next Century Growth Investors LLC lifted its stake in shares of 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 valued at $22,817,000 after purchasing an additional 596,688 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of Mama’s Creations by 137.5% in the 2nd quarter. Alyeska Investment Group L.P. now owns 950,000 shares of the company’s stock valued at $16,958,000 after purchasing an additional 550,000 shares during the last quarter. Finally, Park West Asset Management LLC purchased a new position in shares of Mama’s Creations in the 2nd quarter worth approximately $14,280,000. Institutional investors own 45.18% of the company’s stock.

Analysts Set New Price Targets

MAMA has been the topic of a number of analyst reports. 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. Benchmark assumed coverage on Mama’s Creations in a research report on Tuesday, July 21st. They set a “buy” rating and a $25.00 price target on the stock. Weiss Ratings upgraded Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, September 3rd. Lake Street Capital reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Mama’s Creations in a research report on Friday, September 4th. Finally, William Blair initiated coverage on Mama’s Creations in a research note on Friday, July 24th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Mama’s Creations has a consensus rating of “Buy” and a consensus target price of $20.00.

Mama’s Creations Price Performance

NASDAQ:MAMA opened at $14.88 on Tuesday. The company has a quick ratio of 6.48, a current ratio of 6.93 and a debt-to-equity ratio of 0.03. Mama’s Creations, Inc. has a 52 week low of $9.23 and a 52 week high of $21.00. The stock’s 50-day moving average price is $17.08 and its 200-day moving average price is $16.09. The stock has a market capitalization of $701.55 million, a PE ratio of 87.53 and a beta of 0.56.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $54.58 million during the quarter, compared to the consensus estimate of $52.85 million. Mama’s Creations had a net margin of 3.53% and a return on equity of 10.05%. As a group, equities analysts expect that Mama’s Creations, Inc. will post 0.25 EPS for the current fiscal year.

About Mama’s Creations

Mama’s Creations, Inc is a food company that develops, produces and distributes prepared foods, with a focus on convenient, heat-and-eat products inspired by Italian and other comfort-food recipes. The company is best known for its meatballs and related refrigerated and frozen offerings, including products made with beef, turkey, pork, chicken and plant-based ingredients.

Its portfolio also includes stuffed shells, sauces, entrées, soups and side dishes sold under the Mama’s Creations and MamaMancini’s brands, among others.