Mama’s Creations (NASDAQ:MAMA) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Mama’s Creations (NASDAQ:MAMA) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

Several other research firms have also issued reports on MAMA. Craig Hallum upped their price target on shares of Mama’s Creations from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Maxim Group set a $20.00 price target on Mama’s Creations in a research note on Tuesday, December 9th. DA Davidson raised their price target on shares of Mama’s Creations from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Roth Mkm upped their target price on shares of Mama’s Creations from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Finally, Lake Street Capital increased their target price on shares of Mama’s Creations from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.60.

Mama’s Creations Stock Up 0.1%

Shares of Mama’s Creations stock opened at $15.32 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.85 and a quick ratio of 1.38. The firm has a market cap of $622.76 million, a price-to-earnings ratio of 139.29 and a beta of 0.80. The stock has a 50-day simple moving average of $13.96 and a 200-day simple moving average of $11.31. Mama’s Creations has a 52-week low of $5.50 and a 52-week high of $16.68.

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

Hedge Funds Weigh In On Mama’s Creations

Several hedge funds have recently modified their holdings of the stock. Brown Capital Management LLC bought a new position in shares of Mama’s Creations during the third quarter valued at approximately $7,332,000. Grandeur Peak Global Advisors LLC raised its stake in 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 buying an additional 91,857 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Mama’s Creations by 16.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 732,587 shares of the company’s stock worth $6,080,000 after acquiring an additional 101,471 shares during the last quarter. Geode Capital Management LLC lifted its stake in Mama’s Creations by 7.2% during the 2nd 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. Finally, Calamos Advisors LLC boosted its stake in shares of Mama’s Creations by 48.2% in the second quarter. Calamos Advisors LLC now owns 356,862 shares of the company’s stock worth $2,962,000 after buying an additional 116,110 shares during the last quarter. Hedge funds and other 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.