Expect Equity LLC Makes New Investment in Mama’s Creations, Inc. $MAMA

Expect Equity LLC purchased a new position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 131,704 shares of the company’s stock, valued at approximately $2,351,000.

Several other hedge funds have also recently bought and sold shares of MAMA. American Century Companies Inc. grew its position in Mama’s Creations by 1.6% in the 2nd quarter. American Century Companies Inc. now owns 89,062 shares of the company’s stock valued at $739,000 after acquiring an additional 1,375 shares in the last quarter. Rhumbline Advisers increased its stake in 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 buying an additional 2,125 shares during the period. Invesco Ltd. lifted its holdings in 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 buying an additional 2,183 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Mama’s Creations by 13.0% during the 3rd quarter. Alliancebernstein L.P. now owns 21,750 shares of the company’s stock worth $229,000 after buying an additional 2,500 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in 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 valued at $280,000 after buying an additional 2,646 shares during the period. Institutional investors and hedge funds own 45.18% of the company’s stock.

Mama’s Creations Stock Performance

NASDAQ:MAMA opened at $16.64 on Wednesday. The firm has a market capitalization of $681.24 million, a PE ratio of 118.86 and a beta of 0.56. The business’s fifty day moving average price is $17.91 and its 200 day moving average price is $16.10. 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, Inc. has a 12 month low of $7.89 and a 12 month high of $21.00.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings results on Monday, June 8th. The company reported $0.05 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $51.63 million. During the same period last year, the firm earned $0.03 earnings per share. On average, sell-side analysts anticipate that Mama’s Creations, Inc. will post 0.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MAMA has been the topic of a number of recent research reports. William Blair assumed coverage on Mama’s Creations in a research report on Friday, July 24th. They set an “outperform” rating on the stock. Weiss Ratings lowered Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th. Wall Street Zen downgraded Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. DA Davidson reaffirmed a “buy” rating and issued a $25.00 price target on shares of Mama’s Creations in a research report on Monday, July 13th. Finally, Zacks Research cut Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Mama’s Creations has an average rating of “Moderate Buy” and a consensus price target of $19.83.

Mama’s Creations 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.