Mama’s Creations, Inc. (NASDAQ:MAMA) Given Consensus Recommendation of “Buy” by Analysts

Mama’s Creations, Inc. (NASDAQ:MAMA) has received an average rating of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $20.00.

A number of equities research analysts have weighed in on MAMA shares. Zacks Research lowered Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. DA Davidson cut their target price on Mama’s Creations from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, September 4th. Lake Street Capital reiterated a “buy” rating and set a $22.00 target price on shares of Mama’s Creations in a research note on Friday, September 4th. Wall Street Zen cut Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings raised shares of Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, September 3rd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MAMA. BlackRock Inc. bought a new position in Mama’s Creations during the 2nd quarter worth approximately $42,473,000. Jupiter Topco LLC acquired a new position in shares of Mama’s Creations in the 2nd quarter worth approximately $23,880,000. Park West Asset Management LLC bought a new stake in shares of Mama’s Creations in the 2nd quarter valued at approximately $14,280,000. Bard Associates Inc. bought a new stake in shares of Mama’s Creations in the 2nd quarter valued at approximately $12,073,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Mama’s Creations during the 2nd quarter valued at approximately $10,860,000. 45.18% of the stock is currently owned by institutional investors.

Mama’s Creations Stock Performance

Mama’s Creations stock opened at $14.72 on Tuesday. Mama’s Creations has a 12-month low of $9.23 and a 12-month high of $21.00. The company has a market capitalization of $694.05 million, a price-to-earnings ratio of 86.59 and a beta of 0.56. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.93 and a quick ratio of 6.48. The firm’s fifty day moving average price is $17.16 and its 200 day moving average price is $16.11.

Mama’s Creations (NASDAQ:MAMA) last announced its earnings results on Thursday, September 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Mama’s Creations had a return on equity of 10.05% and a net margin of 3.53%.The business had revenue of $54.58 million for the quarter, compared to analyst estimates of $52.85 million. On average, research analysts forecast that Mama’s Creations will post 0.25 EPS for the current fiscal year.

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.