Mama’s Creations (NASDAQ:MAMA) Upgraded to Strong-Buy at Benchmark

Benchmark upgraded shares of Mama’s Creations (NASDAQ:MAMA) to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.

A number of other analysts have also weighed in on MAMA. DA Davidson reaffirmed a “buy” rating and issued a $25.00 price target on shares of Mama’s Creations in a research note on Monday, July 13th. Zacks Research raised shares of Mama’s Creations from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Weiss Ratings cut shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $19.83.

Mama’s Creations Trading Up 2.0%

NASDAQ:MAMA opened at $17.22 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.32 and a quick ratio of 1.90. The firm has a market capitalization of $704.99 million, a P/E ratio of 123.00 and a beta of 0.56. Mama’s Creations has a 12-month low of $7.88 and a 12-month high of $21.00. The business has a 50 day simple moving average of $16.54 and a 200 day simple moving average of $15.53.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Monday, June 8th. The company reported $0.05 EPS 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 business had revenue of $52.77 million during 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 research analysts predict that Mama’s Creations will post 0.26 EPS for the current year.

Hedge Funds Weigh In On Mama’s Creations

Several institutional investors have recently bought and sold shares of MAMA. Vanguard Group Inc. lifted its position in Mama’s Creations by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,893,943 shares of the company’s stock worth $19,905,000 after buying an additional 7,254 shares in the last quarter. Next Century Growth Investors LLC grew 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 in the last quarter. Geode Capital Management LLC lifted its stake in Mama’s Creations by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 898,594 shares of the company’s stock valued at $12,125,000 after purchasing an additional 68,506 shares during the last quarter. Park West Asset Management LLC acquired a new stake in shares of Mama’s Creations in the third quarter valued at approximately $8,408,000. Finally, State Street Corp boosted its position in Mama’s Creations by 6.1% during the fourth quarter. State Street Corp now owns 734,201 shares of the company’s stock worth $9,904,000 after purchasing an additional 42,059 shares during the period. 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.