Mama’s Creations (NASDAQ:MAMA) Shares Down 7.1% – What’s Next?

Mama’s Creations, Inc. (NASDAQ:MAMA) shares dropped 7.1% on Tuesday . The stock traded as low as $13.91 and last traded at $13.82. 602,613 shares were traded during trading, an increase of 16% from the average daily volume of 519,581 shares. The stock had previously closed at $14.88.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MAMA shares. Wall Street Zen downgraded shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. William Blair initiated coverage on shares of Mama’s Creations in a research report on Friday, July 24th. They set an “outperform” rating on the stock. Weiss Ratings upgraded Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, September 3rd. DA Davidson lowered their price objective on Mama’s Creations from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, September 4th. Finally, Benchmark assumed coverage on Mama’s Creations in a research note on Tuesday, July 21st. They issued a “buy” rating and a $25.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $20.00.

Mama’s Creations Trading Down 2.1%

The company has a quick ratio of 6.48, a current ratio of 6.93 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $657.51 million, a P/E ratio of 81.88 and a beta of 0.56. The firm’s 50 day simple moving average is $16.89 and its two-hundred day simple moving average is $16.04.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $54.58 million for the quarter, compared to analysts’ expectations of $52.85 million. Mama’s Creations had a net margin of 3.53% and a return on equity of 10.05%. As a group, analysts forecast that Mama’s Creations, Inc. will post 0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mama’s Creations

A number of hedge funds have recently added to or reduced their stakes in MAMA. Persistent Asset Partners Ltd purchased a new stake in shares of Mama’s Creations during the second quarter valued at approximately $59,000. Legal & General Group Plc purchased a new position in Mama’s Creations in the second quarter worth $65,000. Grandeur Peak Global Advisors LLC grew its stake in Mama’s Creations by 4.5% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 88,406 shares of the company’s stock valued at $1,578,000 after purchasing an additional 3,798 shares during the period. Group One Trading LLC bought a new position in Mama’s Creations in the 2nd quarter valued at $81,000. Finally, Granite Investment Partners LLC grew its stake in Mama’s Creations by 38.4% in the 1st quarter. Granite Investment Partners LLC now owns 21,167 shares of the company’s stock valued at $325,000 after purchasing an additional 5,872 shares during the period. Institutional investors and hedge funds own 45.18% of the company’s stock.

About Mama’s Creations

Mama’s Creations, Inc is a food company that develops, produces and distributes prepared foods, with a focus on convenient, heat-and-eat products inspired by Italian and other comfort-food recipes. The company is best known for its meatballs and related refrigerated and frozen offerings, including products made with beef, turkey, pork, chicken and plant-based ingredients.

Its portfolio also includes stuffed shells, sauces, entrées, soups and side dishes sold under the Mama’s Creations and MamaMancini’s brands, among others.