Mama’s Creations (NASDAQ:MAMA) Stock Rating Lowered by 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 note issued to investors on Saturday.

A number of other research analysts have also weighed in on MAMA. Craig Hallum raised their price objective on Mama’s Creations from $12.00 to $16.00 and gave the company a “buy” rating in a research 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. Lake Street Capital lifted their price objective on Mama’s Creations from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. DA Davidson upped their price objective on Mama’s Creations from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Finally, Roth Mkm raised their target price on shares of Mama’s Creations from $13.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. 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’s stock. According to data from MarketBeat.com, Mama’s Creations currently has a consensus rating of “Buy” and an average target price of $17.60.

Mama’s Creations Stock Up 2.2%

Shares of MAMA opened at $16.00 on Friday. The business’s 50 day moving average is $13.73 and its 200 day moving average is $11.19. 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 has a 12-month low of $5.50 and a 12-month high of $16.68. The company has a market capitalization of $650.45 million, a PE ratio of 145.47 and a beta of 0.80.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings data on Monday, December 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Mama’s Creations had a net margin of 3.08% and a return on equity of 16.72%. The business had revenue of $47.27 million during the quarter, compared to analyst estimates of $43.21 million. During the same period last year, the firm posted $0.01 EPS. Research analysts expect that Mama’s Creations will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of Mama’s Creations

A number of institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. increased its position in Mama’s Creations by 1.6% during the second quarter. American Century Companies Inc. now owns 89,062 shares of the company’s stock valued at $739,000 after acquiring an additional 1,375 shares during the last quarter. Trail Ridge Investment Advisors LLC boosted its stake in shares of Mama’s Creations by 2.6% during the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 75,450 shares of the company’s stock worth $793,000 after purchasing an additional 1,884 shares during the period. Rhumbline Advisers grew its holdings in Mama’s Creations by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 46,824 shares of the company’s stock valued at $389,000 after purchasing an additional 2,125 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Mama’s Creations by 13.0% during the 3rd quarter. Alliancebernstein L.P. now owns 21,750 shares of the company’s stock valued at $229,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Quantbot Technologies LP raised its position in Mama’s Creations by 16.7% in the 3rd quarter. Quantbot Technologies LP now owns 19,146 shares of the company’s stock worth $201,000 after purchasing an additional 2,738 shares during the period. 45.18% of the stock is currently owned by institutional investors.

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.