Grandeur Peak Global Advisors LLC Purchases Shares of 88,406 Mama’s Creations, Inc. $MAMA

Grandeur Peak Global Advisors LLC acquired a new position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) during the 2nd quarter, Holdings Channel reports. The firm acquired 88,406 shares of the company’s stock, valued at approximately $1,578,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new position in Mama’s Creations during the second quarter worth about $42,473,000. Vanguard Group Inc. lifted its position in shares of Mama’s Creations by 0.4% in the third quarter. Vanguard Group Inc. now owns 1,893,943 shares of the company’s stock valued at $19,905,000 after buying an additional 7,254 shares during the last quarter. Next Century Growth Investors LLC boosted its stake in shares of 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 period. Jupiter Topco LLC bought a new position in shares of Mama’s Creations during the 2nd quarter worth approximately $23,880,000. Finally, Geode Capital Management LLC increased its holdings in shares of Mama’s Creations by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 898,594 shares of the company’s stock worth $12,125,000 after acquiring an additional 68,506 shares during the last quarter. 45.18% of the stock is owned by institutional investors.

Mama’s Creations Trading Down 4.4%

NASDAQ MAMA opened at $16.02 on Friday. The business’s 50-day moving average price is $17.90 and its two-hundred day moving average price is $16.10. Mama’s Creations, Inc. has a 12 month low of $7.89 and a 12 month high of $21.00. The firm has a market capitalization of $655.86 million, a PE ratio of 114.43 and a beta of 0.56. The company has a current ratio of 2.32, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings data on Monday, June 8th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $52.77 million during the quarter, compared to analysts’ expectations of $51.63 million. During the same period in the prior year, the company posted $0.03 earnings per share. On average, analysts expect that Mama’s Creations, Inc. will post 0.24 EPS for the current year.

Wall Street Analyst Weigh In

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