Mama’s Creations (NASDAQ:MAMA) Downgraded by Zacks Research to “Hold”

Zacks Research lowered shares of Mama’s Creations (NASDAQ:MAMA) from a strong-buy rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

Several other brokerages have also recently weighed in on MAMA. DA Davidson reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Mama’s Creations in a report on Monday, July 13th. William Blair assumed coverage on Mama’s Creations in a report on Friday, July 24th. They set an “outperform” rating on the stock. Benchmark assumed coverage on Mama’s Creations in a research report on Tuesday, July 21st. They issued a “buy” rating and a $25.00 price target on the stock. Wall Street Zen downgraded Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings cut shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.83.

Mama’s Creations Stock Performance

NASDAQ MAMA opened at $18.19 on Tuesday. The firm has a 50-day moving average price of $16.83 and a two-hundred day moving average price of $15.70. Mama’s Creations has a 12-month low of $7.88 and a 12-month high of $21.00. The company has a market capitalization of $744.70 million, a P/E ratio of 129.93 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. The company had revenue of $52.77 million during the quarter, compared to the consensus estimate of $51.63 million. Mama’s Creations had a net margin of 3.21% and a return on equity of 14.69%. During the same period in the previous year, the business earned $0.03 earnings per share. Analysts anticipate that Mama’s Creations will post 0.24 earnings per share for the current year.

Institutional Investors Weigh In On Mama’s Creations

Hedge funds have recently made changes to their positions in the stock. Park West Asset Management LLC bought a new stake in shares of Mama’s Creations during the 3rd quarter valued at approximately $8,408,000. Next Century Growth Investors LLC lifted its stake in Mama’s Creations by 54.5% in the 4th 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. Pillsbury Lake Capital LLC acquired a new stake in Mama’s Creations in the fourth quarter valued at approximately $6,653,000. Alyeska Investment Group L.P. bought a new stake in shares of Mama’s Creations during the third quarter worth $4,182,000. Finally, Wellington Management Group LLP acquired a new position in shares of Mama’s Creations during the fourth quarter worth $3,897,000. 45.18% of the stock is currently owned by institutional investors and hedge funds.

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.