Mama's Creations, Inc. (NASDAQ:MAMA) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Analysts collectively rate Mama’s Creations “Buy”: Six of eight analysts recommend buying, one rates it a strong buy and one recommends holding. The average 12-month price target is $19.83, above the reported $16.98 share price.
• Institutional interest is significant: BlackRock and several other investment firms recently initiated positions, while Next Century Growth Investors increased its stake by 54.5%. Institutional investors now own 45.18% of the company.
• Mama’s Creations recently exceeded quarterly expectations, reporting $0.05 in EPS versus a $0.03 consensus estimate and $52.77 million in revenue versus $51.63 million expected. Shares have traded between $7.89 and $21.00 over the past year and were recently down 4.4%.

Shares of Mama's Creations, Inc. (NASDAQ:MAMA - Get Free Report) have been given an average recommendation of "Buy" by the eight brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $19.8333.

A number of research firms have issued reports on MAMA. William Blair assumed coverage on Mama's Creations in a report on Friday, July 24th. They set an "outperform" rating on the stock. Wall Street Zen lowered shares of Mama's Creations from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Zacks Research downgraded shares of Mama's Creations from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Benchmark initiated coverage on shares of Mama's Creations in a research note on Tuesday, July 21st. They set a "buy" rating and a $25.00 target price on the stock. Finally, DA Davidson restated a "buy" rating and issued a $25.00 price target on shares of Mama's Creations in a report on Monday, July 13th.

Hedge Funds Weigh In On Mama's Creations

A number of institutional investors and hedge funds have recently made changes to their positions in MAMA. BlackRock Inc. bought a new stake in Mama's Creations in the 2nd quarter valued at about $42,473,000. Park West Asset Management LLC bought a new position in Mama's Creations in the third quarter worth approximately $8,408,000. Bard Associates Inc. acquired a new stake in Mama's Creations in the second quarter valued at approximately $12,073,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Mama's Creations in the second quarter valued at approximately $10,860,000. Finally, Next Century Growth Investors LLC increased its holdings in shares of Mama's Creations by 54.5% during 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 acquiring an additional 596,688 shares in the last quarter. Institutional investors own 45.18% of the company's stock.

Mama's Creations Stock Down 4.4%

Shares of NASDAQ:MAMA opened at $16.98 on Friday. Mama's Creations has a 1 year low of $7.89 and a 1 year high of $21.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.32 and a quick ratio of 1.90. The business's 50-day moving average is $17.61 and its 200-day moving average is $16.01. The company has a market capitalization of $695.16 million, a price-to-earnings ratio of 121.29 and a beta of 0.56.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its earnings results on Monday, June 8th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The business had revenue of $52.77 million during the quarter, compared to analysts' expectations 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 quarter last year, the firm posted $0.03 earnings per share. Equities research analysts predict that Mama's Creations will post 0.24 earnings per share for the current 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.

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