Mama's Creations, Inc. (NASDAQ:MAMA) Given Average Recommendation of "Buy" by Brokerages

Shares of Mama's Creations, Inc. (NASDAQ:MAMA - Get Free Report) have received an average recommendation of "Buy" from the eight analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $20.00.

Several analysts have issued reports on MAMA shares. Benchmark initiated coverage on shares of Mama's Creations in a research note on Tuesday, July 21st. They issued a "buy" rating and a $25.00 target price on the stock. Weiss Ratings raised shares of Mama's Creations from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday. William Blair began coverage on shares of Mama's Creations in a report on Friday, July 24th. They issued an "outperform" rating on the stock. Zacks Research downgraded Mama's Creations from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen lowered Mama's Creations from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th.

Mama's Creations Price Performance

MAMA stock opened at $15.16 on Tuesday. The stock has a 50-day simple moving average of $17.42 and a two-hundred day simple moving average of $16.12. Mama's Creations has a twelve month low of $8.67 and a twelve month high of $21.00. The firm has a market capitalization of $714.79 million, a PE ratio of 89.18 and a beta of 0.56. The company has a quick ratio of 6.48, a current ratio of 6.93 and a debt-to-equity ratio of 0.03.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. The firm had revenue of $54.58 million for the quarter, compared to the consensus estimate of $52.85 million. Mama's Creations had a net margin of 3.53% and a return on equity of 10.05%. On average, equities analysts predict that Mama's Creations will post 0.24 EPS for the current fiscal year.

Institutional Trading of Mama's Creations

A number of large investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Mama's Creations in the second quarter worth approximately $42,473,000. Jupiter Topco LLC bought a new stake in Mama's Creations during the second quarter valued at approximately $23,880,000. Park West Asset Management LLC bought a new stake in Mama's Creations during the second quarter valued at approximately $14,280,000. Bard Associates Inc. bought a new stake in Mama's Creations during the second quarter valued at approximately $12,073,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Mama's Creations in the 2nd quarter worth approximately $10,860,000. Institutional investors own 45.18% of the company's stock.

About Mama's Creations

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.

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