Pillsbury Lake Capital LLC bought a new position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 90,110 shares of the company’s stock, valued at approximately $1,608,464,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Mama’s Creations during the 2nd quarter valued at $42,473,000. Jupiter Topco LLC acquired a new position in Mama’s Creations in the 2nd quarter worth $23,880,000. Park West Asset Management LLC acquired a new position in Mama’s Creations in the 3rd quarter worth $8,408,000. Bard Associates Inc. purchased a new position in Mama’s Creations in the 2nd quarter valued at about $12,073,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Mama’s Creations in the 2nd quarter valued at about $10,860,000. 45.18% of the stock is currently owned by hedge funds and other institutional investors.
Mama’s Creations Stock Performance
Shares of NASDAQ MAMA opened at $16.76 on Thursday. 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’s 50-day moving average price is $17.93 and its two-hundred day moving average price is $16.10. Mama’s Creations, Inc. has a 52-week low of $7.89 and a 52-week high of $21.00. The stock has a market capitalization of $686.15 million, a P/E ratio of 119.71 and a beta of 0.56.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. Wall Street Zen lowered Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings lowered Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Benchmark assumed coverage on Mama’s Creations in a report on Tuesday, July 21st. They set a “buy” rating and a $25.00 price objective on the stock. DA Davidson restated a “buy” rating and set a $25.00 price objective on shares of Mama’s Creations in a report on Monday, July 13th. Finally, William Blair began coverage on Mama’s Creations in a research report on Friday, July 24th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.83.
Check Out Our Latest Analysis on Mama’s Creations
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.
Featured Stories
- Five stocks we like better than Mama’s Creations
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
Want to see what other hedge funds are holding MAMA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mama’s Creations, Inc. (NASDAQ:MAMA – Free Report).
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.
