Mama’s Creations (NASDAQ:MAMA) Cut to “Hold” at Zacks Research

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

MAMA has been the subject of several other research reports. Roth Mkm increased their price objective on Mama’s Creations from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Wall Street Zen cut shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Mama’s Creations in a report on Monday, December 29th. DA Davidson raised their target price 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. Finally, Lake Street Capital upped their price target on Mama’s Creations from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.60.

Mama’s Creations Stock Down 3.4%

Shares of Mama’s Creations stock opened at $15.30 on Monday. The company’s 50 day moving average price is $13.88 and its 200-day moving average price is $11.28. Mama’s Creations has a 52-week low of $5.50 and a 52-week high of $16.68. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.38 and a current ratio of 1.85. The stock has a market capitalization of $621.95 million, a price-to-earnings ratio of 139.10 and a beta of 0.80.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings data on Monday, December 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $47.27 million for the quarter, compared to analysts’ expectations of $43.21 million. Mama’s Creations had a net margin of 3.08% and a return on equity of 16.72%. During the same quarter in the previous year, the company earned $0.01 earnings per share. Equities research analysts forecast that Mama’s Creations will post 0.09 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Park West Asset Management LLC purchased a new position in Mama’s Creations during the third quarter valued at $8,408,000. Brown Capital Management LLC bought a new position in shares of Mama’s Creations during the third quarter valued at $7,332,000. Alyeska Investment Group L.P. purchased a new position in shares of Mama’s Creations in the 3rd quarter worth about $4,182,000. Gilder Gagnon Howe & Co. LLC bought a new position in Mama’s Creations in the 2nd quarter worth about $2,047,000. Finally, Royce & Associates LP bought a new position in Mama’s Creations in the 4th quarter worth about $2,834,000. Institutional investors 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.