Pillsbury Lake Capital LLC bought a new position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 90,110 shares of the company’s stock, valued at approximately $1,608,464. Pillsbury Lake Capital LLC owned approximately 0.22% of Mama’s Creations at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the business. Persistent Asset Partners Ltd purchased a new position in Mama’s Creations during the second quarter worth about $59,000. Legal & General Group Plc acquired a new position in shares of Mama’s Creations in the 2nd quarter worth approximately $65,000. Group One Trading LLC bought a new stake in shares of Mama’s Creations in the 2nd quarter valued at about $81,000. Bridgeway Capital Management LLC bought a new position in Mama’s Creations during the fourth quarter worth about $135,000. Finally, Verition Fund Management LLC bought a new stake in shares of Mama’s Creations during the 3rd quarter worth $105,000. 45.18% of the stock is owned by hedge funds and other institutional investors.
Mama’s Creations Stock Up 2.2%
NASDAQ MAMA traded up $0.36 during trading hours on Friday, hitting $16.38. 460,745 shares of the company were exchanged, compared to its average volume of 503,505. The company has a quick ratio of 1.90, a current ratio of 2.32 and a debt-to-equity ratio of 0.09. The firm has a market cap of $670.60 million, a price-to-earnings ratio of 117.00 and a beta of 0.56. Mama’s Creations, Inc. has a 52-week low of $7.89 and a 52-week high of $21.00. The company has a 50 day moving average of $17.90 and a two-hundred day moving average of $16.10.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on MAMA. Benchmark started coverage on Mama’s Creations in a research report on Tuesday, July 21st. They issued a “buy” rating and a $25.00 target price for the company. 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. DA Davidson reissued a “buy” rating and set a $25.00 price objective on shares of Mama’s Creations in a research note on Monday, July 13th. William Blair began coverage on shares of Mama’s Creations in a report on Friday, July 24th. They issued an “outperform” rating on the stock. Finally, Weiss Ratings lowered Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Mama’s Creations has an average rating of “Moderate Buy” and a consensus price target of $19.83.
View Our Latest Analysis on Mama’s Creations
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.
Recommended Stories
- Five stocks we like better than Mama’s Creations
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Receive News & Ratings for Mama's Creations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mama's Creations and related companies with MarketBeat.com's FREE daily email newsletter.
