Mama’s Creations, Inc. (NASDAQ:MAMA) Receives Average Rating of “Buy” from Brokerages

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have received a consensus recommendation of “Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $17.60.

MAMA has been the subject of a number of research analyst reports. Wall Street Zen cut Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Lake Street Capital upped their price objective on shares of Mama’s Creations from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. DA Davidson increased their price objective on shares of Mama’s Creations from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Craig Hallum lifted their target price on shares of Mama’s Creations from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Finally, Zacks Research raised shares of Mama’s Creations from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th.

Mama’s Creations Stock Up 5.2%

Shares of MAMA stock opened at $16.80 on Tuesday. The stock’s fifty day moving average price is $15.27 and its 200 day moving average price is $12.61. Mama’s Creations has a 1-year low of $6.05 and a 1-year high of $17.85. The company has a market cap of $682.92 million, a price-to-earnings ratio of 152.74 and a beta of 0.78. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.85 and a quick ratio of 1.38.

Institutional Investors Weigh In On Mama’s Creations

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in shares of Mama’s Creations by 7.2% during the second quarter. Geode Capital Management LLC now owns 821,094 shares of the company’s stock valued at $6,816,000 after buying an additional 55,173 shares during the last quarter. Creative Planning purchased a new position in Mama’s Creations in the 2nd quarter worth $141,000. Intech Investment Management LLC lifted its position in Mama’s Creations by 17.7% during the 2nd quarter. Intech Investment Management LLC now owns 20,971 shares of the company’s stock worth $174,000 after acquiring an additional 3,156 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Mama’s Creations by 340.8% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 78,230 shares of the company’s stock worth $649,000 after acquiring an additional 60,484 shares during the period. Finally, Rhumbline Advisers grew its stake in Mama’s Creations by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 46,824 shares of the company’s stock valued at $389,000 after purchasing an additional 2,125 shares during the last quarter. 45.18% of the stock is currently owned by institutional investors and hedge funds.

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.