Mama’s Creations (NASDAQ:MAMA) Upgraded by Wall Street Zen to Buy Rating

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

Other research analysts have also issued research reports about the company. Weiss Ratings lowered Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Zacks Research lowered Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, DA Davidson restated a “buy” rating and set a $25.00 target price on shares of Mama’s Creations in a research report on Wednesday, May 20th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.80.

Mama’s Creations Trading Up 0.8%

MAMA opened at $14.91 on Friday. The firm has a market cap of $606.99 million, a P/E ratio of 106.50 and a beta of 0.60. Mama’s Creations has a 12 month low of $7.75 and a 12 month high of $17.85. The company has a current ratio of 2.32, a quick ratio of 1.71 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average of $14.57 and a 200 day moving average of $14.48.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Monday, June 8th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $52.77 million during the quarter, compared to analyst estimates of $51.63 million. Mama’s Creations had a return on equity of 14.69% and a net margin of 3.21%.During the same quarter last year, the business posted $0.03 earnings per share. As a group, research analysts forecast that Mama’s Creations will post 0.26 EPS for the current year.

Insider Activity

In related news, CEO Adam Laurance Michaels sold 16,223 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $15.30, for a total value of $248,211.90. Following the completion of the sale, the chief executive officer owned 695,288 shares in the company, valued at approximately $10,637,906.40. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On Mama’s Creations

Large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new position in Mama’s Creations in the fourth quarter worth approximately $63,000. SG Americas Securities LLC bought a new position in Mama’s Creations in the fourth quarter worth approximately $119,000. Bridgeway Capital Management LLC bought a new position in Mama’s Creations in the fourth quarter worth approximately $135,000. Verition Fund Management LLC bought a new position in Mama’s Creations in the third quarter worth approximately $105,000. Finally, Walleye Capital LLC bought a new position in Mama’s Creations in the second quarter worth approximately $87,000. Institutional investors own 45.18% of the company’s stock.

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.