William Blair Begins Coverage on Mama’s Creations (NASDAQ:MAMA)

Equities researchers at William Blair began coverage on shares of Mama’s Creations (NASDAQ:MAMA) in a report released on Friday. The firm set an “outperform” rating on the stock.

Several other research firms have also recently weighed in on MAMA. Benchmark began coverage on shares of Mama’s Creations in a research report on Tuesday. They issued a “buy” rating and a $25.00 price objective on the stock. Weiss Ratings cut shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Zacks Research raised shares of Mama’s Creations from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. 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. Finally, DA Davidson reiterated a “buy” rating and issued a $25.00 target price on shares of Mama’s Creations in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Mama’s Creations has an average rating of “Buy” and a consensus price target of $19.83.

Mama’s Creations Trading Up 1.5%

Mama’s Creations stock opened at $17.48 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.32. Mama’s Creations has a fifty-two week low of $7.88 and a fifty-two week high of $21.00. The stock has a market cap of $715.63 million, a P/E ratio of 124.86 and a beta of 0.56. The firm’s fifty day moving average price is $16.61 and its 200-day moving average price is $15.56.

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

Institutional Investors Weigh In On Mama’s Creations

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Mama’s Creations by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,893,943 shares of the company’s stock worth $19,905,000 after acquiring an additional 7,254 shares during the last quarter. Next Century Growth Investors LLC lifted its position in Mama’s Creations by 54.5% in the fourth quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company’s stock valued at $22,817,000 after purchasing an additional 596,688 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Mama’s Creations by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 898,594 shares of the company’s stock valued at $12,125,000 after purchasing an additional 68,506 shares during the period. Park West Asset Management LLC purchased a new stake in shares of Mama’s Creations during the third quarter valued at approximately $8,408,000. Finally, State Street Corp grew its holdings in shares of Mama’s Creations by 6.1% in the fourth quarter. State Street Corp now owns 734,201 shares of the company’s stock worth $9,904,000 after purchasing an additional 42,059 shares during the last quarter. 45.18% of the stock is currently owned by hedge funds and other institutional investors.

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.