Mama’s Creations (NASDAQ:MAMA) Upgraded to “Strong-Buy” at Benchmark

Mama’s Creations (NASDAQ:MAMA) was upgraded by research analysts at Benchmark to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other analysts also recently commented on MAMA. Wall Street Zen downgraded shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings cut shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. DA Davidson reiterated a “buy” rating and issued a $25.00 target price on shares of Mama’s Creations in a research note on Monday, July 13th. Finally, Zacks Research upgraded shares of Mama’s Creations from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Mama’s Creations has an average rating of “Buy” and an average price target of $19.83.

Mama’s Creations Price Performance

MAMA stock opened at $17.22 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.32 and a quick ratio of 1.90. Mama’s Creations has a 1 year low of $7.88 and a 1 year high of $21.00. The firm has a 50-day moving average of $16.54 and a 200 day moving average of $15.53. The company has a market cap of $704.99 million, a P/E ratio of 123.00 and a beta of 0.56.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings data on Monday, June 8th. The company reported $0.05 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 business had revenue of $52.77 million during the quarter, compared to analyst estimates of $51.63 million. During the same quarter last year, the firm posted $0.03 earnings per share. On average, sell-side analysts forecast that Mama’s Creations will post 0.26 EPS for the current year.

Hedge Funds Weigh In On Mama’s Creations

A number of institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue bought a new stake in shares of Mama’s Creations in the 4th quarter worth about $63,000. Walleye Capital LLC bought a new position in shares of Mama’s Creations in the 2nd quarter valued at about $87,000. Prudential Financial Inc. bought a new position in shares of Mama’s Creations in the 2nd quarter valued at about $100,000. Verition Fund Management LLC purchased a new position in Mama’s Creations in the third quarter worth about $105,000. Finally, Envestnet Asset Management Inc. purchased a new position in Mama’s Creations in the third quarter worth about $117,000. 45.18% of the stock is owned by 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.