Mama’s Creations (NASDAQ:MAMA) Coverage Initiated at William Blair

Analysts at William Blair initiated coverage on shares of Mama’s Creations (NASDAQ:MAMA) in a report issued on Friday, Marketbeat.com reports. The firm set an “outperform” rating on the stock.

Other equities analysts also recently issued reports about the stock. Zacks Research raised shares of Mama’s Creations from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Benchmark assumed coverage on Mama’s Creations in a research note on Tuesday. They set a “buy” rating and a $25.00 price target for the company. Wall Street Zen lowered Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings downgraded Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $19.83.

Mama’s Creations Stock Performance

Shares of MAMA opened at $17.74 on Friday. The company’s fifty day moving average is $16.68 and its 200-day moving average is $15.57. Mama’s Creations has a 12 month low of $7.88 and a 12 month high of $21.00. The firm has a market cap of $726.28 million, a price-to-earnings ratio of 126.71 and a beta of 0.56. The company has a quick ratio of 1.90, a current ratio of 2.32 and a debt-to-equity ratio of 0.09.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new position in Mama’s Creations in the 4th quarter valued at approximately $63,000. Walleye Capital LLC acquired a new stake in shares of Mama’s Creations during the 2nd quarter worth approximately $87,000. Prudential Financial Inc. acquired a new stake in shares of Mama’s Creations during the 2nd quarter worth approximately $100,000. Verition Fund Management LLC acquired a new stake in shares of Mama’s Creations during the 3rd quarter worth approximately $105,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Mama’s Creations during the third quarter valued at approximately $117,000. 45.18% of the stock is 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.