Mama’s Creations, Inc. (NASDAQ:MAMA) Receives Average Rating of “Buy” from Analysts

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have earned an average recommendation of “Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $18.80.

Several brokerages have issued reports on MAMA. Zacks Research upgraded shares of Mama’s Creations from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. DA Davidson restated a “buy” rating and set a $25.00 price objective on shares of Mama’s Creations in a research note on Monday, July 13th. Wall Street Zen cut Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Weiss Ratings downgraded Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Kornitzer Capital Management Inc. KS bought a new stake in shares of Mama’s Creations during the 4th quarter worth approximately $1,016,000. Royce & Associates LP acquired a new stake in shares of Mama’s Creations in the 4th quarter valued at approximately $2,834,000. Next Century Growth Investors LLC grew its stake in shares of 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 buying an additional 596,688 shares in the last quarter. Nicholas Company Inc. grew its stake in shares of Mama’s Creations by 18.6% in the fourth quarter. Nicholas Company Inc. now owns 394,601 shares of the company’s stock valued at $5,323,000 after buying an additional 61,860 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of Mama’s Creations by 89.7% in the fourth quarter. UBS Group AG now owns 183,422 shares of the company’s stock valued at $2,474,000 after buying an additional 86,728 shares in the last quarter. 45.18% of the stock is currently owned by institutional investors.

Mama’s Creations Price Performance

Shares of MAMA opened at $17.20 on Monday. 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 has a twelve month low of $7.88 and a twelve month high of $21.00. The stock has a market capitalization of $704.17 million, a P/E ratio of 122.86 and a beta of 0.56. The company has a 50 day moving average of $16.34 and a 200-day moving average of $15.45.

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

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.