Sei Investments Co. Boosts Stake in Mama’s Creations, Inc. $MAMA

Sei Investments Co. raised its position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 97.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314,640 shares of the company’s stock after acquiring an additional 155,367 shares during the period. Sei Investments Co.’s holdings in Mama’s Creations were worth $4,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in MAMA. State of Alaska Department of Revenue purchased a new stake in Mama’s Creations during the fourth quarter valued at approximately $63,000. Walleye Capital LLC bought a new stake in shares of Mama’s Creations during the second quarter worth $87,000. Prudential Financial Inc. bought a new stake in Mama’s Creations during the 2nd quarter valued at about $100,000. Verition Fund Management LLC bought a new stake in Mama’s Creations during the 3rd quarter valued at $105,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Mama’s Creations in the third quarter valued at about $117,000. 45.18% of the stock is currently owned by hedge funds and other institutional investors.

Mama’s Creations Trading Down 3.2%

Shares of Mama’s Creations stock opened at $18.25 on Thursday. Mama’s Creations, Inc. has a fifty-two week low of $7.88 and a fifty-two week high of $21.00. The firm has a market capitalization of $747.15 million, a price-to-earnings ratio of 130.36 and a beta of 0.56. The stock has a 50 day moving average of $17.22 and a 200 day moving average of $15.88. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.32.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Monday, June 8th. The company reported $0.05 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $51.63 million. During the same period in the previous year, the firm earned $0.03 EPS. As a group, research analysts predict that Mama’s Creations, Inc. will post 0.24 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on MAMA shares. Wall Street Zen downgraded shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings upgraded shares of Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Zacks Research downgraded Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. DA Davidson reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Mama’s Creations in a report on Monday, July 13th. Finally, Benchmark initiated coverage on Mama’s Creations in a research note on Tuesday, July 21st. They issued a “buy” rating and a $25.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $19.83.

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.