Mama’s Creations (NASDAQ:MAMA) Raised to “Strong-Buy” at Zacks Research

Mama’s Creations (NASDAQ:MAMA) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Other research analysts also recently issued reports about 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. Weiss Ratings downgraded Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Finally, DA Davidson reiterated a “buy” rating and set a $25.00 price objective on shares of Mama’s Creations in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $18.80.

Mama’s Creations Stock Down 3.3%

Shares of MAMA stock opened at $18.02 on Tuesday. Mama’s Creations 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 $737.77 million, a PE ratio of 128.71 and a beta of 0.56. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.32. The stock’s 50-day simple moving average is $16.18 and its 200-day simple moving average is $15.40.

Mama’s Creations (NASDAQ:MAMA) last issued its 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 firm had revenue of $52.77 million for the quarter, compared to analyst estimates of $51.63 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Equities analysts expect that Mama’s Creations will post 0.26 earnings per share for the current year.

Hedge Funds Weigh In On Mama’s Creations

Hedge funds have recently bought and sold shares of the business. Park West Asset Management LLC acquired a new position in shares of Mama’s Creations during the 3rd quarter worth approximately $8,408,000. Next Century Growth Investors LLC grew its stake in Mama’s Creations by 54.5% in the 4th quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company’s stock valued at $22,817,000 after acquiring an additional 596,688 shares during the period. Pillsbury Lake Capital LLC acquired a new stake in Mama’s Creations in the 4th quarter valued at $6,653,000. Alyeska Investment Group L.P. purchased a new stake in Mama’s Creations in the 3rd quarter worth $4,182,000. Finally, Wellington Management Group LLP acquired a new position in Mama’s Creations during the fourth quarter worth $3,897,000. Hedge funds and other institutional investors own 45.18% of the company’s stock.

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.