Zacks Research Upgrades Mama’s Creations (NASDAQ:MAMA) to Strong-Buy

Mama’s Creations (NASDAQ:MAMAGet Free Report) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other equities analysts have also commented on MAMA. Weiss Ratings lowered shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. DA Davidson restated a “buy” rating and issued a $25.00 target price on shares of Mama’s Creations in a report on Monday. Finally, Wall Street Zen lowered shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Sunday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Mama’s Creations has a consensus rating of “Buy” and a consensus price target of $18.80.

Read Our Latest Report on Mama’s Creations

Mama’s Creations Trading Down 3.3%

Shares of NASDAQ:MAMA opened at $18.02 on Tuesday. Mama’s Creations has a 52 week low of $7.88 and a 52 week high of $21.00. The company’s 50 day moving average is $16.18 and its two-hundred day moving average is $15.40. The company has a current ratio of 2.32, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09. The company has a market cap of $737.77 million, a PE ratio of 128.71 and a beta of 0.56.

Mama’s Creations (NASDAQ:MAMAGet Free Report) last posted its earnings results on Monday, June 8th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. Mama’s Creations had a return on equity of 14.69% and a net margin of 3.21%.The firm had revenue of $52.77 million for the quarter, compared to analyst estimates of $51.63 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. Equities analysts predict that Mama’s Creations will post 0.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in Mama’s Creations by 14.2% during the first quarter. Royal Bank of Canada now owns 49,018 shares of the company’s stock worth $751,000 after buying an additional 6,094 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Mama’s Creations by 5.7% in the first quarter. Renaissance Technologies LLC now owns 360,600 shares of the company’s stock valued at $5,532,000 after purchasing 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 1st quarter worth $296,000. Bank of Nova Scotia purchased a new stake in shares of Mama’s Creations in the 1st quarter worth about $304,000. Finally, Sei Investments Co. increased its holdings in Mama’s Creations by 97.5% during the 1st quarter. Sei Investments Co. now owns 314,640 shares of the company’s stock valued at $4,827,000 after acquiring an additional 155,367 shares in the last quarter. Institutional investors and hedge funds own 45.18% of the company’s stock.

Mama’s Creations Company Profile

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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.

Further Reading

Analyst Recommendations for Mama's Creations (NASDAQ:MAMA)

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