Mama’s Creations, Inc. (NASDAQ:MAMA) Given Average Recommendation of “Buy” by Analysts

Mama’s Creations, Inc. (NASDAQ:MAMA) has earned a consensus rating of “Buy” from the eight research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $20.00.

A number of equities analysts recently weighed in on the company. Benchmark started coverage on Mama’s Creations in a report on Tuesday, July 21st. They set a “buy” rating and a $25.00 price objective on the stock. Zacks Research lowered Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Wall Street Zen cut shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Lake Street Capital reissued a “buy” rating and set a $22.00 price target on shares of Mama’s Creations in a research note on Friday. Finally, Weiss Ratings upgraded shares of Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Persistent Asset Partners Ltd purchased a new stake in Mama’s Creations during the 2nd quarter valued at about $59,000. Legal & General Group Plc bought a new stake in Mama’s Creations during the 2nd quarter valued at $65,000. Group One Trading LLC purchased a new position in Mama’s Creations during the 2nd quarter valued at about $81,000. Walleye Capital LLC purchased a new position in Mama’s Creations during the 2nd quarter valued at about $87,000. Finally, Prudential Financial Inc. bought a new position in Mama’s Creations during the 2nd quarter valued at approximately $100,000. 45.18% of the stock is owned by institutional investors.

Mama’s Creations Price Performance

MAMA opened at $15.16 on Tuesday. The business’s fifty day simple moving average is $17.42 and its 200 day simple moving average is $16.12. Mama’s Creations has a 52 week low of $8.67 and a 52 week high of $21.00. The company has a quick ratio of 6.48, a current ratio of 6.93 and a debt-to-equity ratio of 0.03. The stock has a market cap of $714.79 million, a PE ratio of 89.18 and a beta of 0.56.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. Mama’s Creations had a return on equity of 10.05% and a net margin of 3.53%.The firm had revenue of $54.58 million during the quarter, compared to analyst estimates of $52.85 million. As a group, research analysts expect that Mama’s Creations will post 0.24 earnings per share for the current fiscal year.

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.