Mama’s Creations (NASDAQ:MAMA) Cut to “Hold” at Wall Street Zen

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

Several other research analysts have also recently issued reports on the stock. Lake Street Capital increased their price target on shares of Mama’s Creations from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Roth Mkm increased their target price on Mama’s Creations from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Craig Hallum lifted their price target 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 price objective on Mama’s Creations in a report on Tuesday, December 9th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Mama’s Creations in a report on Monday, December 29th. One research 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. According to MarketBeat, Mama’s Creations currently has an average rating of “Buy” and an average target price of $17.60.

Mama’s Creations Stock Up 2.2%

Mama’s Creations stock opened at $16.00 on Friday. The stock has a 50 day moving average of $13.73 and a two-hundred day moving average of $11.17. Mama’s Creations has a twelve month low of $5.50 and a twelve month high of $16.68. The stock has a market capitalization of $650.40 million, a price-to-earnings ratio of 145.47 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.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings results on Monday, December 8th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm had revenue of $47.27 million during the quarter, compared to the consensus estimate of $43.21 million. Mama’s Creations had a return on equity of 16.72% and a net margin of 3.08%.During the same period last year, the company earned $0.01 earnings per share. As a group, research analysts expect that Mama’s Creations will post 0.09 earnings per share for the current year.

Institutional Trading of Mama’s Creations

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Mama’s Creations by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,893,943 shares of the company’s stock worth $19,905,000 after purchasing an additional 7,254 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Mama’s Creations by 1.6% in the third quarter. First Eagle Investment Management LLC now owns 1,337,614 shares of the company’s stock worth $14,058,000 after acquiring an additional 21,700 shares during the last quarter. Grandeur Peak Global Advisors LLC lifted its position in shares of Mama’s Creations by 8.6% in the second quarter. Grandeur Peak Global Advisors LLC now owns 1,158,781 shares of the company’s stock valued at $9,618,000 after acquiring an additional 91,857 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 last quarter. Finally, Park West Asset Management LLC purchased a new stake in Mama’s Creations during the 3rd quarter worth about $8,408,000. 45.18% of the stock is currently owned by institutional investors and hedge funds.

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.