Mama’s Creations (NASDAQ:MAMA) Rating Increased to Buy at Wall Street Zen

Mama’s Creations (NASDAQ:MAMA) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other research analysts have also commented on the company. Maxim Group set a $20.00 price target on Mama’s Creations in a 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. Roth Capital boosted their price target on shares of Mama’s Creations from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Lake Street Capital increased their price objective on shares of Mama’s Creations from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Finally, Craig Hallum raised their price objective on shares of Mama’s Creations from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. One equities research 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 stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $17.60.

Mama’s Creations Stock Performance

Shares of NASDAQ MAMA opened at $14.34 on Friday. Mama’s Creations has a 12-month low of $5.50 and a 12-month high of $14.97. The company has a market cap of $582.92 million, a PE ratio of 130.38 and a beta of 0.80. The stock has a 50 day simple moving average of $12.37 and a 200-day simple moving average of $10.53. 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 (NASDAQ:MAMA) last posted its earnings results on Monday, December 8th. The company reported $0.01 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $43.21 million. During the same period last year, the firm earned $0.01 EPS. On average, equities research analysts forecast that Mama’s Creations will post 0.09 EPS for the current year.

Institutional Trading of Mama’s Creations

Hedge funds and other institutional investors have recently made changes to their positions in the business. Walleye Capital LLC acquired a new stake in Mama’s Creations during the second quarter valued at approximately $87,000. Prudential Financial Inc. acquired a new stake in shares of Mama’s Creations during the 2nd quarter valued at $100,000. Verition Fund Management LLC bought a new stake in shares of Mama’s Creations during the 3rd quarter worth $105,000. Envestnet Asset Management Inc. acquired a new position in shares of Mama’s Creations in the 3rd quarter worth $117,000. Finally, SG Americas Securities LLC acquired a new position in shares of Mama’s Creations in the 4th quarter worth $119,000. 45.18% of the stock is currently owned by 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.