Mama’s Creations (NASDAQ:MAMA) Downgraded by Zacks Research to Hold

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

Other analysts have also recently issued research reports about the company. Wall Street Zen cut Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Saturday. Craig Hallum raised 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. Lake Street Capital boosted their price objective on Mama’s Creations from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Maxim Group set a $20.00 price objective on Mama’s Creations in a report on Tuesday, December 9th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Mama’s Creations in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Mama’s Creations presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.60.

Mama’s Creations Stock Down 0.3%

Shares of NASDAQ:MAMA traded down $0.04 during trading on Monday, hitting $15.26. The company’s stock had a trading volume of 47,162 shares, compared to its average volume of 411,589. Mama’s Creations has a fifty-two week low of $5.50 and a fifty-two week high of $16.68. The business has a 50 day moving average price of $13.88 and a two-hundred day moving average price of $11.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.38 and a current ratio of 1.85. The company has a market capitalization of $620.20 million, a PE ratio of 138.83 and a beta of 0.80.

Mama’s Creations (NASDAQ:MAMA) last released its earnings results on Monday, December 8th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. Mama’s Creations had a return on equity of 16.72% and a net margin of 3.08%.The firm had revenue of $47.27 million during the quarter, compared to analysts’ expectations of $43.21 million. During the same period in the previous year, the firm posted $0.01 EPS. As a group, research analysts expect that Mama’s Creations will post 0.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Mama’s Creations

Hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new position in shares of Mama’s Creations during the fourth quarter valued at approximately $63,000. Walleye Capital LLC acquired a new stake in Mama’s Creations in the 2nd quarter worth about $87,000. Prudential Financial Inc. acquired a new position in shares of Mama’s Creations during the 2nd quarter valued at about $100,000. Verition Fund Management LLC purchased a new stake in Mama’s Creations in the third quarter valued at approximately $105,000. Finally, Envestnet Asset Management Inc. purchased a new position in Mama’s Creations during the third quarter worth approximately $117,000. 45.18% of the stock is owned by institutional investors and hedge funds.

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.