Mama’s Creations (NASDAQ:MAMA) Upgraded at Zacks Research

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

Several other brokerages also recently weighed in on MAMA. DA Davidson lifted their price target on shares of Mama’s Creations from $18.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Mama’s Creations in a research note on Monday, December 29th. Maxim Group set a $20.00 price objective on shares of Mama’s Creations in a research report on Tuesday, December 9th. Lake Street Capital upped their target price 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. Finally, Craig Hallum increased their price target on Mama’s Creations from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $17.60.

Mama’s Creations Stock Performance

Shares of MAMA opened at $15.83 on Tuesday. The business has a 50-day simple moving average of $15.13 and a two-hundred day simple moving average of $12.44. The company has a quick ratio of 1.38, a current ratio of 1.85 and a debt-to-equity ratio of 0.11. Mama’s Creations has a 52 week low of $6.05 and a 52 week high of $17.85. The stock has a market cap of $643.49 million, a price-to-earnings ratio of 143.92 and a beta of 0.78.

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

Institutional Investors Weigh In On Mama’s Creations

Several institutional investors and hedge funds have recently modified their holdings of the stock. Invesco Ltd. lifted its holdings in shares of Mama’s Creations by 10.9% in the fourth quarter. Invesco Ltd. now owns 22,299 shares of the company’s stock worth $301,000 after buying an additional 2,183 shares in the last quarter. Pillsbury Lake Capital LLC purchased a new position in Mama’s Creations during the fourth quarter valued at $6,653,000. XTX Topco Ltd bought a new stake in Mama’s Creations in the 4th quarter valued at $327,000. Wellington Management Group LLP purchased a new stake in Mama’s Creations in the 4th quarter worth $3,897,000. Finally, Numerai GP LLC purchased a new stake in Mama’s Creations in the 4th quarter worth $263,000. Institutional investors own 45.18% of the company’s stock.

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.