Mama’s Creations (NASDAQ:MAMA) Upgraded at Benchmark

Benchmark upgraded shares of Mama’s Creations (NASDAQ:MAMA) to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

MAMA has been the topic of several other research reports. DA Davidson reaffirmed a “buy” rating and issued a $25.00 target price on shares of Mama’s Creations in a research note on Monday, July 13th. Zacks Research raised shares of Mama’s Creations from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Wall Street Zen lowered shares of Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $19.83.

Mama’s Creations Trading Up 1.5%

MAMA stock opened at $17.48 on Tuesday. The company has a quick ratio of 1.90, a current ratio of 2.32 and a debt-to-equity ratio of 0.09. Mama’s Creations has a twelve month low of $7.88 and a twelve month high of $21.00. The company has a market cap of $715.63 million, a P/E ratio of 124.86 and a beta of 0.56. The business has a fifty day moving average of $16.61 and a 200-day moving average of $15.56.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings results on Monday, June 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $52.77 million for the quarter, compared to analysts’ expectations of $51.63 million. Mama’s Creations had a return on equity of 14.69% and a net margin of 3.21%.During the same quarter last year, the business earned $0.03 earnings per share. As a group, equities research analysts expect that Mama’s Creations will post 0.26 EPS for the current year.

Institutional Trading of Mama’s Creations

A number of large investors have recently made changes to their positions in MAMA. Park West Asset Management LLC bought a new position in shares of Mama’s Creations during the 3rd quarter valued at about $8,408,000. Next Century Growth Investors LLC increased its stake in Mama’s Creations by 54.5% during the 4th quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company’s stock worth $22,817,000 after purchasing an additional 596,688 shares in the last quarter. Pillsbury Lake Capital LLC acquired a new stake in Mama’s Creations during the 4th quarter worth approximately $6,653,000. Alyeska Investment Group L.P. acquired a new stake in Mama’s Creations during the 3rd quarter worth approximately $4,182,000. Finally, Wellington Management Group LLP bought a new position in Mama’s Creations in the fourth quarter valued at approximately $3,897,000. 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.