88,406 Shares in Mama’s Creations, Inc. $MAMA Acquired by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC acquired a new stake in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 88,406 shares of the company’s stock, valued at approximately $1,578,000. Grandeur Peak Global Advisors LLC owned 0.22% of Mama’s Creations as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of MAMA. Persistent Asset Partners Ltd acquired a new stake in Mama’s Creations in the second quarter worth $59,000. Legal & General Group Plc bought a new stake in shares of Mama’s Creations in the 2nd quarter valued at $65,000. Group One Trading LLC acquired a new stake in Mama’s Creations during the 2nd quarter worth $81,000. Walleye Capital LLC acquired a new stake in Mama’s Creations during the 2nd quarter worth $87,000. Finally, Prudential Financial Inc. bought a new position in Mama’s Creations during the second quarter worth about $100,000. Institutional investors own 45.18% of the company’s stock.

Mama’s Creations Trading Down 4.4%

NASDAQ:MAMA opened at $16.02 on Friday. The company has a market cap of $655.86 million, a P/E ratio of 114.43 and a beta of 0.56. Mama’s Creations, Inc. has a twelve month low of $7.89 and a twelve month high of $21.00. The business has a 50 day moving average price of $17.90 and a two-hundred day moving average price of $16.10. The company has a quick ratio of 1.90, a current ratio of 2.32 and a debt-to-equity ratio of 0.09.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings data 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 company 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 last year, the company earned $0.03 earnings per share. As a group, analysts expect that Mama’s Creations, Inc. will post 0.24 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on MAMA. Weiss Ratings cut Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. DA Davidson restated a “buy” rating and set a $25.00 target price on shares of Mama’s Creations in a report on Monday, July 13th. William Blair began coverage on shares of Mama’s Creations in a research note on Friday, July 24th. They issued an “outperform” rating on the stock. Wall Street Zen cut shares of Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Benchmark initiated coverage on shares of Mama’s Creations in a research report on Tuesday, July 21st. They set a “buy” rating and a $25.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Mama’s Creations presently 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.