800,000 Shares in Mama’s Creations, Inc. $MAMA Bought by Park West Asset Management LLC

Park West Asset Management LLC purchased a new position in Mama’s Creations, Inc. (NASDAQ:MAMA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 800,000 shares of the company’s stock, valued at approximately $14,280,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Persistent Asset Partners Ltd bought a new position in shares of Mama’s Creations during the 2nd quarter worth $59,000. Legal & General Group Plc purchased a new position in Mama’s Creations during the second quarter worth about $65,000. Group One Trading LLC bought a new position in shares of Mama’s Creations in the second quarter worth approximately $81,000. Walleye Capital LLC bought a new stake in shares of Mama’s Creations during the 2nd quarter worth $87,000. Finally, Prudential Financial Inc. purchased a new position in shares of Mama’s Creations in the 2nd quarter worth about $100,000. 45.18% of the stock is owned by institutional investors.

Mama’s Creations Stock Performance

NASDAQ MAMA opened at $16.76 on Thursday. The firm has a market cap of $686.15 million, a price-to-earnings ratio of 119.71 and a beta of 0.56. 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, Inc. has a twelve month low of $7.89 and a twelve month high of $21.00. The business has a 50-day moving average price of $17.93 and a 200-day moving average price of $16.10.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings results on Monday, June 8th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Mama’s Creations had a return on equity of 14.69% and a net margin of 3.21%.The company had revenue of $52.77 million during the quarter, compared to analyst estimates of $51.63 million. During the same period in the prior year, the company earned $0.03 earnings per share. As a group, equities research analysts predict that Mama’s Creations, Inc. will post 0.24 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Benchmark started coverage on shares of Mama’s Creations in a research note on Tuesday, July 21st. They issued a “buy” rating and a $25.00 price target for the company. Wall Street Zen cut shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings downgraded shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. William Blair initiated coverage on Mama’s Creations in a research note on Friday, July 24th. They issued an “outperform” rating on the stock. Finally, DA Davidson reiterated a “buy” rating and set a $25.00 target price on shares of Mama’s Creations in a research note on Monday, July 13th. One investment 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.83.

About Mama’s Creations

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.