Mama’s Creations (NASDAQ:MAMA) Upgraded by Zacks Research to “Strong-Buy” Rating

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

MAMA has been the subject of a number of other reports. Maxim Group set a $20.00 target price on shares of Mama’s Creations in a research report on Tuesday, December 9th. Wall Street Zen downgraded Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Craig Hallum increased their price objective on Mama’s Creations from $12.00 to $16.00 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 report on Monday, December 29th. Finally, Roth Mkm boosted their target price on Mama’s Creations from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $17.60.

Mama’s Creations Price Performance

Shares of NASDAQ:MAMA opened at $16.02 on Tuesday. The company’s 50-day moving average is $15.09 and its 200 day moving average is $12.41. 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 $651.26 million, a P/E ratio of 145.65 and a beta of 0.78. Mama’s Creations has a fifty-two week low of $6.02 and a fifty-two week high of $17.85.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings data on Monday, December 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $47.27 million during the quarter, compared to the consensus estimate 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 posted $0.01 earnings per share. On average, equities research analysts forecast that Mama’s Creations will post 0.09 earnings per share for the current year.

Institutional Trading of Mama’s Creations

A number of institutional investors have recently modified their holdings of the business. Brown Capital Management LLC purchased a new position in Mama’s Creations in the 3rd quarter valued at approximately $7,332,000. Grandeur Peak Global Advisors LLC raised its holdings in Mama’s Creations by 8.6% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 1,158,781 shares of the company’s stock valued at $9,618,000 after acquiring an additional 91,857 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Mama’s Creations by 16.1% during the second 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 in the last quarter. Calamos Advisors LLC boosted its holdings 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 acquiring an additional 116,110 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Mama’s Creations by 7.2% in the second quarter. Geode Capital Management LLC now owns 821,094 shares of the company’s stock worth $6,816,000 after acquiring an additional 55,173 shares during the period. 45.18% of the stock is currently owned by hedge funds and other institutional investors.

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.