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

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

Several other equities analysts also recently issued reports on MAMA. Weiss Ratings downgraded shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Wall Street Zen cut Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, DA Davidson restated a “buy” rating and set a $25.00 price target on shares of Mama’s Creations in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $18.80.

Mama’s Creations Price Performance

Shares of NASDAQ MAMA opened at $18.02 on Tuesday. The stock’s 50-day simple moving average is $16.18 and its 200-day simple moving average is $15.40. The firm has a market capitalization of $737.77 million, a PE ratio of 128.71 and a beta of 0.56. Mama’s Creations has a fifty-two week low of $7.88 and a fifty-two week high of $21.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.32.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings results on Monday, June 8th. The company reported $0.05 earnings per share (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 during the quarter, compared to the consensus estimate of $51.63 million. During the same period in the prior year, the company posted $0.03 earnings per share. As a group, equities research analysts forecast that Mama’s Creations will post 0.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Mama’s Creations

A number of institutional investors have recently added to or reduced their stakes in MAMA. American Century Companies Inc. lifted its holdings in shares of Mama’s Creations by 1.6% in the 2nd quarter. American Century Companies Inc. now owns 89,062 shares of the company’s stock valued at $739,000 after buying an additional 1,375 shares during the period. Rhumbline Advisers raised its position in Mama’s Creations by 4.8% in the second quarter. Rhumbline Advisers now owns 46,824 shares of the company’s stock worth $389,000 after acquiring an additional 2,125 shares in the last quarter. Invesco Ltd. lifted its holdings in Mama’s Creations by 10.9% in the fourth quarter. Invesco Ltd. now owns 22,299 shares of the company’s stock valued at $301,000 after acquiring an additional 2,183 shares during the period. Alliancebernstein L.P. boosted its position in shares of Mama’s Creations by 13.0% during the 3rd quarter. Alliancebernstein L.P. now owns 21,750 shares of the company’s stock worth $229,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Mama’s Creations by 14.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,692 shares of the company’s stock worth $280,000 after purchasing an additional 2,646 shares during the period. 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.