1,337,813 Shares in Mama’s Creations, Inc. $MAMA Bought by Jupiter Topco LLC

Jupiter Topco LLC bought a new position in Mama’s Creations, Inc. (NASDAQ:MAMA) in the second quarter, HoldingsChannel reports. The fund bought 1,337,813 shares of the company’s stock, valued at approximately $23,880,000.

Other large investors have also recently bought and sold shares of the company. Creative Planning bought a new stake in shares of Mama’s Creations during the second quarter worth about $141,000. Rhumbline Advisers raised its holdings in Mama’s Creations by 4.8% in the 2nd quarter. Rhumbline Advisers now owns 46,824 shares of the company’s stock valued at $389,000 after buying an additional 2,125 shares during the last quarter. American Century Companies Inc. boosted its position in Mama’s Creations by 1.6% during the 2nd quarter. American Century Companies Inc. now owns 89,062 shares of the company’s stock worth $739,000 after buying an additional 1,375 shares during the period. Prudential Financial Inc. acquired a new stake in Mama’s Creations during the 2nd quarter worth approximately $100,000. Finally, Quantbot Technologies LP bought a new stake in Mama’s Creations during the 2nd quarter worth approximately $136,000. 45.18% of the stock is currently owned by institutional investors.

Mama’s Creations Price Performance

Mama’s Creations stock opened at $16.38 on Friday. The stock’s 50 day moving average is $17.87 and its 200 day moving average is $16.11. Mama’s Creations, Inc. has a one year low of $7.89 and a one year high of $21.00. The firm has a market cap of $670.60 million, a P/E ratio of 117.00 and a beta of 0.56. 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 (NASDAQ:MAMA) last released its 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 net margin of 3.21% and a return on equity of 14.69%. The business had revenue of $52.77 million during the quarter, compared to the consensus estimate of $51.63 million. During the same quarter in the prior year, the firm posted $0.03 EPS. As a group, research analysts expect that Mama’s Creations, Inc. will post 0.24 EPS for the current year.

Analyst Upgrades and Downgrades

MAMA has been the subject of several recent research reports. DA Davidson restated a “buy” rating and issued a $25.00 price target on shares of Mama’s Creations in a research report on Monday, July 13th. Wall Street Zen lowered shares of Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. William Blair started coverage on shares of Mama’s Creations in a research note on Friday, July 24th. They issued an “outperform” rating on the stock. Benchmark started coverage on Mama’s Creations in a report on Tuesday, July 21st. They issued a “buy” rating and a $25.00 price objective for the company. Finally, Zacks Research lowered Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.