Punch & Associates Investment Management Inc. Acquires New Position in Mama’s Creations, Inc. $MAMA

Punch & Associates Investment Management Inc. acquired a new stake in Mama’s Creations, Inc. (NASDAQ:MAMA) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 150,000 shares of the company’s stock, valued at approximately $2,678,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its position in Mama’s Creations by 1.6% during the second quarter. American Century Companies Inc. now owns 89,062 shares of the company’s stock worth $739,000 after buying an additional 1,375 shares during the period. Rhumbline Advisers boosted its stake in shares of Mama’s Creations by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 46,824 shares of the company’s stock worth $389,000 after acquiring an additional 2,125 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Mama’s Creations by 10.9% during the 4th quarter. Invesco Ltd. now owns 22,299 shares of the company’s stock worth $301,000 after acquiring an additional 2,183 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Mama’s Creations by 13.0% in the 3rd quarter. Alliancebernstein L.P. now owns 21,750 shares of the company’s stock worth $229,000 after acquiring an additional 2,500 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Mama’s Creations by 14.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,692 shares of the company’s stock worth $280,000 after acquiring an additional 2,646 shares during the period. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Mama’s Creations Trading Up 0.7%

Shares of MAMA opened at $16.76 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.32 and a quick ratio of 1.90. The firm has a 50 day simple moving average of $17.93 and a 200-day simple moving average of $16.10. Mama’s Creations, Inc. has a 1-year low of $7.89 and a 1-year high of $21.00. The stock has a market cap of $686.15 million, a price-to-earnings ratio of 119.71 and a beta of 0.56.

Mama’s Creations (NASDAQ:MAMA) last posted its earnings results on Monday, June 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $52.77 million for the quarter, compared to analyst estimates of $51.63 million. Mama’s Creations had a return on equity of 14.69% and a net margin of 3.21%.During the same quarter in the prior year, the company earned $0.03 EPS. Equities analysts forecast that Mama’s Creations, Inc. will post 0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MAMA shares. DA Davidson reaffirmed a “buy” rating and set a $25.00 price objective on shares of Mama’s Creations in a report on Monday, July 13th. Benchmark assumed coverage on Mama’s Creations in a report on Tuesday, July 21st. They issued a “buy” rating and a $25.00 target price on the stock. William Blair assumed coverage on Mama’s Creations in a research report on Friday, July 24th. They issued an “outperform” rating for the company. Wall Street Zen downgraded Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Zacks Research lowered shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. One equities research 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.