Mama’s Creations (NASDAQ:MAMA) Research Coverage Started at William Blair

William Blair assumed coverage on shares of Mama’s Creations (NASDAQ:MAMA) in a research note released on Friday, MarketBeat reports. The firm issued an outperform rating on the stock.

Several other brokerages also recently weighed in on MAMA. Weiss Ratings downgraded 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 price objective on shares of Mama’s Creations in a research report on Monday, July 13th. Benchmark began coverage on shares of Mama’s Creations in a research note on Tuesday, July 21st. They issued a “buy” rating and a $25.00 price objective on the stock. 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. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Mama’s Creations has an average rating of “Buy” and an average target price of $19.83.

Mama’s Creations Price Performance

MAMA opened at $17.74 on Friday. Mama’s Creations has a 52 week low of $7.88 and a 52 week high of $21.00. The business has a 50 day moving average price of $16.68 and a two-hundred day moving average price of $15.59. The company has a quick ratio of 1.90, a current ratio of 2.32 and a debt-to-equity ratio of 0.09. The company has a market cap of $726.28 million, a PE ratio of 126.71 and a beta of 0.56.

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

Hedge Funds Weigh In On Mama’s Creations

A number of large investors have recently modified their holdings of MAMA. Creative Planning acquired a new stake in shares of Mama’s Creations in the 2nd quarter valued at approximately $141,000. Rhumbline Advisers boosted its stake in shares of Mama’s Creations by 4.8% in the second quarter. Rhumbline Advisers now owns 46,824 shares of the company’s stock valued at $389,000 after buying an additional 2,125 shares in the last quarter. American Century Companies Inc. grew its holdings 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 acquiring an additional 1,375 shares during the period. Prudential Financial Inc. acquired a new position in Mama’s Creations during the second quarter worth $100,000. Finally, Quantbot Technologies LP acquired a new position in Mama’s Creations during the second quarter worth $136,000. 45.18% of the stock is owned by hedge funds and other 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.