Wall Street Zen Upgrades Mama’s Creations (NASDAQ:MAMA) to Buy

Mama’s Creations (NASDAQ:MAMA) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Other equities research analysts also recently issued research reports about the stock. Roth Capital boosted their target price on shares of Mama’s Creations from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Lake Street Capital boosted their price objective on Mama’s Creations from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Craig Hallum upped their price objective on Mama’s Creations from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Maxim Group set a $20.00 target price on Mama’s Creations in a research report on Tuesday, December 9th. Finally, DA Davidson boosted their price target on Mama’s Creations from $18.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $17.60.

Mama’s Creations Stock Performance

Mama’s Creations stock opened at $14.34 on Friday. The stock has a market cap of $582.92 million, a P/E ratio of 130.38 and a beta of 0.80. The company has a current ratio of 1.85, a quick ratio of 1.38 and a debt-to-equity ratio of 0.11. The stock has a 50 day moving average of $12.37 and a 200-day moving average of $10.53. Mama’s Creations has a 52 week low of $5.50 and a 52 week high of $14.97.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings results on Monday, December 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $47.27 million during the quarter, compared to analyst estimates 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 firm earned $0.01 earnings per share. On average, analysts expect that Mama’s Creations will post 0.09 EPS for the current fiscal year.

Institutional Trading of Mama’s Creations

Several hedge funds have recently made changes to their positions in the stock. Strs Ohio acquired a new position in Mama’s Creations during the 1st quarter valued at approximately $284,000. Rhumbline Advisers lifted its stake in Mama’s Creations by 5.0% in the first quarter. Rhumbline Advisers now owns 44,699 shares of the company’s stock valued at $291,000 after buying an additional 2,146 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Mama’s Creations by 7.2% during the second quarter. Geode Capital Management LLC now owns 821,094 shares of the company’s stock valued at $6,816,000 after acquiring an additional 55,173 shares during the period. Calamos Advisors LLC grew its position in shares of Mama’s Creations by 48.2% during the second quarter. Calamos Advisors LLC now owns 356,862 shares of the company’s stock worth $2,962,000 after acquiring an additional 116,110 shares during the last quarter. Finally, Creative Planning acquired a new stake in shares of Mama’s Creations in the 2nd quarter worth about $141,000. Institutional investors own 45.18% of the company’s stock.

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.