Zacks Research Downgrades Mama’s Creations (NASDAQ:MAMA) to Hold

Mama’s Creations (NASDAQ:MAMA) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Benchmark assumed coverage on shares of Mama’s Creations in a research report on Tuesday, July 21st. They set a “buy” rating and a $25.00 price objective for the company. Wall Street Zen lowered Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. William Blair began coverage on Mama’s Creations in a research note on Friday, July 24th. They issued an “outperform” rating on the stock. DA Davidson reaffirmed a “buy” rating and set a $25.00 price target on shares of Mama’s Creations in a report on Monday, July 13th. Finally, Weiss Ratings cut Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.83.

Mama’s Creations Stock Performance

Shares of Mama’s Creations stock opened at $18.19 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 market cap of $744.70 million, a PE ratio of 129.93 and a beta of 0.56. 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 business has a 50-day simple moving average of $16.83 and a 200-day simple moving average of $15.70.

Mama’s Creations (NASDAQ:MAMA) last issued its earnings results on Monday, June 8th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. Mama’s Creations had a net margin of 3.21% and a return on equity of 14.69%. The firm had revenue of $52.77 million for the quarter, compared to analysts’ expectations of $51.63 million. During the same quarter last year, the company earned $0.03 earnings per share. On average, equities research analysts forecast that Mama’s Creations will post 0.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new stake in Mama’s Creations in the fourth quarter valued at $63,000. Walleye Capital LLC purchased a new position in shares of Mama’s Creations during the second quarter worth about $87,000. Prudential Financial Inc. acquired a new stake in shares of Mama’s Creations during the second quarter worth about $100,000. Verition Fund Management LLC purchased a new stake in shares of Mama’s Creations in the 3rd quarter valued at about $105,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Mama’s Creations in the 3rd quarter valued at about $117,000. 45.18% of the stock is owned by hedge funds and other institutional investors.

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.