Mama’s Creations, Inc. (NASDAQ:MAMA) Receives Average Rating of “Buy” from Brokerages

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have earned an average recommendation of “Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $19.8333.

Several equities analysts recently weighed in on the stock. Zacks Research cut shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Wall Street Zen lowered Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. William Blair assumed coverage on Mama’s Creations in a research note on Friday, July 24th. They issued an “outperform” rating for the company. 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. Finally, Benchmark started coverage on Mama’s Creations in a research report on Tuesday, July 21st. They set a “buy” rating and a $25.00 target price on the stock.

Hedge Funds Weigh In On Mama’s Creations

Several large investors have recently bought and sold shares of the stock. Persistent Asset Partners Ltd purchased a new position in Mama’s Creations during the 2nd quarter worth $59,000. State of Alaska Department of Revenue bought a new position in shares of Mama’s Creations during the fourth quarter valued at about $63,000. SG Americas Securities LLC bought a new position in shares of Mama’s Creations during the fourth quarter valued at about $119,000. Bridgeway Capital Management LLC purchased a new position in Mama’s Creations during the fourth quarter worth about $135,000. Finally, Verition Fund Management LLC purchased a new position in Mama’s Creations during the third quarter worth about $105,000. 45.18% of the stock is currently owned by institutional investors.

Mama’s Creations Stock Performance

MAMA opened at $16.98 on Friday. The company has a current ratio of 2.32, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09. The company’s fifty day moving average price is $17.61 and its two-hundred day moving average price is $16.01. Mama’s Creations has a 1-year low of $7.89 and a 1-year high of $21.00. The company has a market cap of $695.16 million, a price-to-earnings ratio of 121.29 and a beta of 0.56.

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 analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $52.77 million during the quarter, compared to analysts’ expectations of $51.63 million. Mama’s Creations had a net margin of 3.21% and a return on equity of 14.69%. During the same period last year, the company earned $0.03 earnings per share. On average, analysts expect that Mama’s Creations will post 0.24 EPS 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.