77,581 Shares in Mama’s Creations, Inc. $MAMA Acquired by Trail Ridge Investment Advisors LLC

Trail Ridge Investment Advisors LLC acquired a new stake in Mama’s Creations, Inc. (NASDAQ:MAMA) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 77,581 shares of the company’s stock, valued at approximately $1,385,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Mama’s Creations during the second quarter worth $42,473,000. Park West Asset Management LLC bought a new position in shares of Mama’s Creations in the 3rd quarter valued at $8,408,000. Bard Associates Inc. bought a new position in shares of Mama’s Creations in the 2nd quarter valued at $12,073,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Mama’s Creations during the 2nd quarter valued at $10,860,000. Finally, Next Century Growth Investors LLC grew its position in Mama’s Creations by 54.5% during the 4th quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company’s stock worth $22,817,000 after acquiring an additional 596,688 shares during the last quarter. Institutional investors and hedge funds own 45.18% of the company’s stock.

Mama’s Creations Stock Performance

Shares of Mama’s Creations stock opened at $16.50 on Tuesday. The stock has a market cap of $675.51 million, a price-to-earnings ratio of 117.86 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 company’s fifty day moving average is $17.88 and its 200 day moving average is $16.09. 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 announced its earnings results 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 business had revenue of $52.77 million during the quarter, compared to analyst estimates of $51.63 million. Mama’s Creations had a return on equity of 14.69% and a net margin of 3.21%.During the same period last year, the company earned $0.03 EPS. Sell-side analysts forecast that Mama’s Creations, Inc. will post 0.24 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Zacks Research cut Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. DA Davidson reissued a “buy” rating and set a $25.00 price target on shares of Mama’s Creations in a research note on Monday, July 13th. Wall Street Zen cut Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings downgraded Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Finally, William Blair assumed coverage on shares of Mama’s Creations in a report on Friday, July 24th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Mama’s Creations has a consensus rating of “Moderate Buy” and an average price target 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.