Mama’s Creations (NASDAQ:MAMA) Now Covered by William Blair

William Blair started coverage on shares of Mama’s Creations (NASDAQ:MAMA) in a research note released on Friday morning, MarketBeat reports. The firm issued an outperform rating on the stock.

Several other research analysts also recently weighed in on the stock. DA Davidson restated a “buy” rating and issued a $25.00 target price on shares of Mama’s Creations in a report on Monday, July 13th. Benchmark started coverage on shares of Mama’s Creations in a report on Tuesday. They set a “buy” rating and a $25.00 price target for the company. Wall Street Zen lowered shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. 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. 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 equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $19.83.

Mama’s Creations Stock Performance

Mama’s Creations stock opened at $17.74 on Friday. Mama’s Creations has a fifty-two week low of $7.88 and a fifty-two week high of $21.00. The company has a market capitalization of $726.28 million, a price-to-earnings ratio of 126.71 and a beta of 0.56. The stock has a fifty day moving average of $16.68 and a two-hundred day moving average of $15.57. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.32.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings data 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 the consensus estimate 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 period in the prior year, the business earned $0.03 earnings per share. On average, analysts anticipate that Mama’s Creations will post 0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Kornitzer Capital Management Inc. KS acquired a new position in shares of Mama’s Creations in the 4th quarter worth $1,016,000. Royce & Associates LP acquired a new stake in shares of Mama’s Creations during the fourth quarter valued at approximately $2,834,000. Next Century Growth Investors LLC lifted its position in shares of Mama’s Creations by 54.5% in the 4th quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company’s stock valued at $22,817,000 after acquiring an additional 596,688 shares in the last quarter. Nicholas Company Inc. boosted its stake in Mama’s Creations by 18.6% in the 4th quarter. Nicholas Company Inc. now owns 394,601 shares of the company’s stock worth $5,323,000 after purchasing an additional 61,860 shares during the period. Finally, UBS Group AG grew its position in Mama’s Creations by 89.7% during the 4th quarter. UBS Group AG now owns 183,422 shares of the company’s stock worth $2,474,000 after purchasing an additional 86,728 shares in the last quarter. 45.18% of the stock is 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.