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

Mama’s Creations (NASDAQ:MAMA) was upgraded by equities researchers at Benchmark to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other equities analysts have also commented on the company. DA Davidson reaffirmed a “buy” rating and set a $25.00 target price on shares of Mama’s Creations in a report on Monday, July 13th. Weiss Ratings downgraded Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Wall Street Zen downgraded Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Zacks Research upgraded Mama’s Creations from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $19.83.

Mama’s Creations Trading Up 2.0%

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

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings data on Monday, June 8th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $52.77 million during the quarter, compared to the consensus estimate of $51.63 million. Mama’s Creations had a net margin of 3.21% and a return on equity of 14.69%. During the same quarter in the prior year, the firm earned $0.03 EPS. On average, equities analysts forecast that Mama’s Creations will post 0.26 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MAMA. Royal Bank of Canada grew its position in Mama’s Creations by 14.2% in the 1st quarter. Royal Bank of Canada now owns 49,018 shares of the company’s stock worth $751,000 after purchasing an additional 6,094 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Mama’s Creations by 5.7% during the first quarter. Renaissance Technologies LLC now owns 360,600 shares of the company’s stock valued at $5,532,000 after buying an additional 19,300 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Mama’s Creations during the first quarter worth approximately $296,000. Bank of Nova Scotia acquired a new position in shares of Mama’s Creations during the first quarter worth approximately $304,000. Finally, Sei Investments Co. grew its holdings in Mama’s Creations by 97.5% in the 1st quarter. Sei Investments Co. now owns 314,640 shares of the company’s stock worth $4,827,000 after buying an additional 155,367 shares in the last quarter. 45.18% of the stock is 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.