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

Mama’s Creations, Inc. (NASDAQ:MAMA) has earned an average rating of “Buy” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $19.8333.

A number of research firms have weighed in on MAMA. Zacks Research upgraded shares of Mama’s Creations from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Weiss Ratings cut shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Benchmark assumed coverage on shares of Mama’s Creations in a report on Tuesday. They issued a “buy” rating and a $25.00 target price for the company. DA Davidson reiterated a “buy” rating and issued a $25.00 price target on shares of Mama’s Creations in a research note on Monday, July 13th. Finally, Wall Street Zen cut Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday, July 12th.

Mama’s Creations Price Performance

MAMA stock opened at $17.74 on Monday. The firm has a 50 day moving average price of $16.68 and a 200-day moving average price of $15.57. Mama’s Creations has a 52-week low of $7.88 and a 52-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. The firm has a market capitalization of $726.28 million, a price-to-earnings ratio of 126.71 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, topping analysts’ consensus estimates 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 company had revenue of $52.77 million during the quarter, compared to analyst estimates of $51.63 million. During the same period in the previous year, the business earned $0.03 EPS. Equities research analysts forecast that Mama’s Creations will post 0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MAMA. Kornitzer Capital Management Inc. KS purchased a new position in shares of Mama’s Creations in the 4th quarter valued at $1,016,000. Royce & Associates LP purchased a new position in shares of Mama’s Creations in the fourth quarter worth $2,834,000. Next Century Growth Investors LLC increased its position in shares of Mama’s Creations by 54.5% in the 4th quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company’s stock valued at $22,817,000 after acquiring an additional 596,688 shares during the period. Nicholas Company Inc. lifted its position in Mama’s Creations by 18.6% during the 4th quarter. Nicholas Company Inc. now owns 394,601 shares of the company’s stock worth $5,323,000 after acquiring an additional 61,860 shares during the period. Finally, UBS Group AG grew its stake in Mama’s Creations by 89.7% during the 4th quarter. UBS Group AG now owns 183,422 shares of the company’s stock valued at $2,474,000 after purchasing an additional 86,728 shares during the last quarter. 45.18% of the stock is currently owned by institutional investors.

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.