Janus Henderson Group PLC Has $19.90 Million Stock Holdings in Mama’s Creations, Inc. $MAMA

Janus Henderson Group PLC lowered its position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 2.3% in the first quarter, HoldingsChannel reports. The fund owned 1,297,538 shares of the company’s stock after selling 30,582 shares during the period. Janus Henderson Group PLC’s holdings in Mama’s Creations were worth $19,904,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. State of Alaska Department of Revenue acquired a new stake in shares of Mama’s Creations in the fourth quarter valued at approximately $63,000. Walleye Capital LLC acquired a new position in Mama’s Creations during the second quarter worth $87,000. Prudential Financial Inc. bought a new position in Mama’s Creations in the second quarter valued at $100,000. Verition Fund Management LLC bought a new position in Mama’s Creations in the third quarter valued at $105,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Mama’s Creations in the 3rd quarter valued at $117,000. 45.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MAMA has been the subject of a number of recent research reports. Zacks Research downgraded shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Weiss Ratings cut Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Benchmark began 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. DA Davidson reiterated a “buy” rating and set a $25.00 price objective on shares of Mama’s Creations in a research note on Monday, July 13th. Finally, Wall Street Zen downgraded Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.83.

Mama’s Creations Trading Up 2.5%

Shares of Mama’s Creations stock opened at $18.89 on Tuesday. The business has a fifty day simple moving average of $17.05 and a two-hundred day simple moving average of $15.81. Mama’s Creations, Inc. has a 1 year low of $7.88 and a 1 year high of $21.00. The company has a market capitalization of $773.36 million, a price-to-earnings ratio of 134.93 and a beta of 0.56. 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 (NASDAQ:MAMA) last released its quarterly earnings data on Monday, June 8th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The firm 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 company earned $0.03 earnings per share. Research analysts forecast that Mama’s Creations, Inc. will post 0.24 EPS for the current year.

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.