Mama’s Creations (NASDAQ:MAMA) Raised to “Buy” at Wall Street Zen

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

Several other research firms also recently weighed in on MAMA. Zacks Research upgraded Mama’s Creations from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Weiss Ratings upgraded Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 13th. Finally, DA Davidson lifted their price objective on Mama’s Creations to $25.00 and gave the company a “buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $18.80.

Mama’s Creations Price Performance

NASDAQ:MAMA opened at $14.69 on Friday. Mama’s Creations has a twelve month low of $6.07 and a twelve month high of $17.85. The company has a market cap of $597.30 million, a price-to-earnings ratio of 122.42 and a beta of 0.72. The stock has a fifty day simple moving average of $15.68 and a 200-day simple moving average of $13.51. The company has a current ratio of 2.17, a quick ratio of 1.71 and a debt-to-equity ratio of 0.10.

Mama’s Creations (NASDAQ:MAMA) last released its earnings results on Tuesday, April 14th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Mama’s Creations had a return on equity of 15.31% and a net margin of 3.06%.The business had revenue of $53.99 million during the quarter, compared to the consensus estimate of $52.64 million. Analysts anticipate that Mama’s Creations will post 0.09 EPS for the current year.

Hedge Funds Weigh In On Mama’s Creations

Large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new position in Mama’s Creations in the fourth quarter worth about $63,000. SG Americas Securities LLC bought a new position in Mama’s Creations in the fourth quarter worth about $119,000. Bridgeway Capital Management LLC bought a new position in Mama’s Creations in the fourth quarter worth about $135,000. Verition Fund Management LLC bought a new position in Mama’s Creations in the third quarter worth about $105,000. Finally, Walleye Capital LLC bought a new position in Mama’s Creations in the second quarter worth about $87,000. 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.