Mama’s Creations (NASDAQ:MAMA) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Mama’s Creations (NASDAQ:MAMA) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

MAMA has been the subject of several other reports. DA Davidson upped their price objective on Mama’s Creations from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Craig Hallum boosted their target price on Mama’s Creations from $12.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Roth Mkm upped their price target on Mama’s Creations from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Mama’s Creations in a research report on Monday, December 29th. Finally, Lake Street Capital boosted their price objective on shares of Mama’s Creations from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. One 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $17.60.

Mama’s Creations Stock Down 1.0%

Shares of NASDAQ:MAMA opened at $15.84 on Friday. The stock has a market cap of $643.90 million, a P/E ratio of 144.01 and a beta of 0.80. The firm has a fifty day moving average price of $13.81 and a 200 day moving average price of $11.24. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.85 and a quick ratio of 1.38. Mama’s Creations has a 1-year low of $5.50 and a 1-year high of $16.68.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings data on Monday, December 8th. The company reported $0.01 EPS for the quarter, beating 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 analyst estimates of $43.21 million. During the same period in the previous year, the business posted $0.01 earnings per share. Sell-side analysts predict that Mama’s Creations will post 0.09 EPS for the current year.

Hedge Funds Weigh In On Mama’s Creations

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new position in shares of Mama’s Creations during the 4th quarter worth approximately $63,000. Walleye Capital LLC acquired a new stake in Mama’s Creations in the 2nd quarter worth about $87,000. Prudential Financial Inc. purchased a new stake in Mama’s Creations in the 2nd quarter valued at about $100,000. Verition Fund Management LLC purchased a new stake in Mama’s Creations in the 3rd quarter valued at about $105,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Mama’s Creations during the 3rd quarter valued at about $117,000. Institutional investors and hedge funds own 45.18% of the company’s stock.

About Mama’s Creations

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.