Bridgewater Advisors Inc. Makes New Investment in Mama’s Creations, Inc. $MAMA

Bridgewater Advisors Inc. purchased a new stake in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 43,152 shares of the company’s stock, valued at approximately $813,000.

Other large investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new stake in shares of Mama’s Creations in the 4th quarter worth approximately $63,000. Walleye Capital LLC bought a new position in shares of Mama’s Creations during the 2nd quarter valued at $87,000. Prudential Financial Inc. bought a new position in shares of Mama’s Creations during the 2nd quarter valued at $100,000. Verition Fund Management LLC purchased a new position in Mama’s Creations in the 3rd quarter worth $105,000. Finally, Envestnet Asset Management Inc. purchased a new position in Mama’s Creations in the 3rd quarter worth $117,000. 45.18% of the stock is owned by hedge funds and other institutional investors.

Mama’s Creations Stock Up 1.5%

Shares of NASDAQ MAMA opened at $17.25 on Friday. 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 52 week low of $7.89 and a 52 week high of $21.00. The firm’s fifty day moving average is $17.65 and its 200 day moving average is $16.02. The company has a market cap of $706.22 million, a price-to-earnings ratio of 123.21 and a beta of 0.56.

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

Analysts Set New Price Targets

Several analysts have weighed in on the stock. DA Davidson reissued a “buy” rating and issued a $25.00 price target on shares of Mama’s Creations in a research note on Monday, July 13th. Weiss Ratings raised Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. 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 on the stock. William Blair initiated coverage on Mama’s Creations in a research note on Friday, July 24th. They issued an “outperform” rating for the company. Finally, Wall Street Zen lowered Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Mama’s Creations currently 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.