Janus Henderson Group PLC Sells 30,582 Shares of Mama’s Creations, Inc. $MAMA

Janus Henderson Group PLC decreased its holdings in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 2.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,297,538 shares of the company’s stock after selling 30,582 shares during the period. Janus Henderson Group PLC owned approximately 3.19% of Mama’s Creations worth $19,904,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Creative Planning acquired a new stake in shares of Mama’s Creations during the second quarter worth $141,000. Rhumbline Advisers increased its holdings in Mama’s Creations by 4.8% in the second quarter. Rhumbline Advisers now owns 46,824 shares of the company’s stock valued at $389,000 after purchasing an additional 2,125 shares during the last quarter. American Century Companies Inc. lifted its stake in Mama’s Creations by 1.6% in the second quarter. American Century Companies Inc. now owns 89,062 shares of the company’s stock valued at $739,000 after buying an additional 1,375 shares during the period. Prudential Financial Inc. acquired a new position in Mama’s Creations in the second quarter valued at about $100,000. Finally, Quantbot Technologies LP bought a new position in Mama’s Creations during the second quarter worth about $136,000. Institutional investors and hedge funds own 45.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Weiss Ratings lowered Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Benchmark initiated coverage on shares of Mama’s Creations in a research note on Tuesday, July 21st. They set a “buy” rating and a $25.00 price objective 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. William Blair assumed coverage on shares of Mama’s Creations in a research note on Friday, July 24th. They issued an “outperform” rating for the company. Finally, DA Davidson reiterated a “buy” rating and issued a $25.00 target price on shares of Mama’s Creations in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.83.

Mama’s Creations Stock Up 2.5%

Mama’s Creations stock opened at $18.89 on Tuesday. The stock has a market capitalization of $773.36 million, a PE ratio of 134.93 and a beta of 0.56. Mama’s Creations, Inc. has a twelve month low of $7.88 and a twelve month high of $21.00. 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 company has a 50 day moving average of $17.05 and a 200-day moving average of $15.81.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings data on Monday, June 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $52.77 million during 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 quarter in the prior year, the firm earned $0.03 earnings per share. On average, equities research analysts anticipate that Mama’s Creations, Inc. will post 0.24 EPS for the current fiscal year.

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.