Mama’s Creations (NASDAQ:MAMA) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Mama’s Creations (NASDAQ:MAMA) from a hold rating to a buy rating in a report released on Saturday.

MAMA has been the topic of several other research reports. Lake Street Capital upped their target price on shares of Mama’s Creations from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Craig Hallum increased their target price on Mama’s Creations from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. DA Davidson boosted their price target on Mama’s Creations from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Roth Capital increased their price objective on Mama’s Creations from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Finally, Maxim Group set a $20.00 target price on Mama’s Creations in a research report on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $17.60.

Mama’s Creations Trading Up 4.4%

NASDAQ MAMA opened at $14.34 on Friday. Mama’s Creations has a 12 month low of $5.50 and a 12 month high of $14.97. The company has a current ratio of 1.85, a quick ratio of 1.38 and a debt-to-equity ratio of 0.11. The stock’s fifty day moving average price is $12.37 and its 200-day moving average price is $10.54. The stock has a market cap of $582.92 million, a P/E ratio of 130.38 and a beta of 0.80.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings results on Monday, December 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Mama’s Creations had a net margin of 3.08% and a return on equity of 16.72%. The company had revenue of $47.27 million for the quarter, compared to analysts’ expectations of $43.21 million. During the same quarter in the previous year, the business posted $0.01 EPS. As a group, equities analysts forecast that Mama’s Creations will post 0.09 EPS for the current fiscal year.

Institutional Trading of Mama’s Creations

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Strs Ohio bought a new position in Mama’s Creations in the first quarter worth approximately $284,000. Rhumbline Advisers raised its holdings in Mama’s Creations by 5.0% in the 1st quarter. Rhumbline Advisers now owns 44,699 shares of the company’s stock worth $291,000 after purchasing an additional 2,146 shares during the period. Geode Capital Management LLC raised its holdings in Mama’s Creations by 7.2% in the 2nd quarter. Geode Capital Management LLC now owns 821,094 shares of the company’s stock worth $6,816,000 after purchasing an additional 55,173 shares during the period. Calamos Advisors LLC lifted its position in Mama’s Creations by 48.2% during the second quarter. Calamos Advisors LLC now owns 356,862 shares of the company’s stock valued at $2,962,000 after purchasing an additional 116,110 shares in the last quarter. Finally, Creative Planning bought a new stake in Mama’s Creations during the second quarter valued at about $141,000. 45.18% of the stock is owned by hedge funds and other institutional investors.

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.