Mama’s Creations (NASDAQ:MAMA) Rating Lowered to Hold at Zacks Research

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

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

Mama’s Creations Price Performance

Shares of NASDAQ:MAMA opened at $18.19 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.32. The business’s fifty day moving average price is $16.83 and its two-hundred day moving average price is $15.70. The stock has a market cap of $744.70 million, a PE ratio of 129.93 and a beta of 0.56. Mama’s Creations has a one year low of $7.88 and a one year high of $21.00.

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, topping analysts’ consensus estimates 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 company had revenue of $52.77 million during the quarter, compared to analysts’ expectations of $51.63 million. During the same period in the previous year, the firm posted $0.03 earnings per share. On average, analysts forecast that Mama’s Creations will post 0.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Mama’s Creations

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. American Century Companies Inc. lifted its position in Mama’s Creations by 1.6% during the second quarter. American Century Companies Inc. now owns 89,062 shares of the company’s stock worth $739,000 after buying an additional 1,375 shares during the period. Rhumbline Advisers boosted its stake in Mama’s Creations by 4.8% in the 2nd quarter. Rhumbline Advisers now owns 46,824 shares of the company’s stock worth $389,000 after buying an additional 2,125 shares during the last quarter. Invesco Ltd. grew its holdings in Mama’s Creations by 10.9% in the 4th quarter. Invesco Ltd. now owns 22,299 shares of the company’s stock valued at $301,000 after buying an additional 2,183 shares during the period. Alliancebernstein L.P. grew its holdings in Mama’s Creations by 13.0% in the 3rd quarter. Alliancebernstein L.P. now owns 21,750 shares of the company’s stock valued at $229,000 after buying an additional 2,500 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Mama’s Creations by 14.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,692 shares of the company’s stock valued at $280,000 after acquiring an additional 2,646 shares during the last quarter. Hedge funds and other institutional investors own 45.18% of the company’s stock.

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.