Mama's Creations (NASDAQ:MAMA) Rating Increased to Strong-Buy at Zacks Research

Key Points

• Zacks Research upgraded Mama's Creations (NASDAQ:MAMA) from a "hold" to a strong-buy, while MarketBeat's consensus shows a "Buy" rating (1 Strong Buy, 4 Buy, 1 Hold) and a consensus target price of $17.60, with individual targets up to $20.00.
• The company beat quarterly expectations, reporting $0.01 EPS vs. -$0.01 expected and revenue of $47.27M vs. $43.21M, with a 16.72% ROE and a net margin of 3.08%; analysts forecast 0.09 EPS for the fiscal year.
• Snapshot: shares opened at $16.02 (12‑month range $6.02–$17.85), market cap ≈ $651M, P/E ~145.7, quick ratio 1.38, current ratio 1.85 and low debt-to-equity of 0.11.

Mama's Creations (NASDAQ:MAMA - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Maxim Group set a $20.00 price objective on shares of Mama's Creations in a research note on Tuesday, December 9th. DA Davidson boosted their target price on shares of Mama's Creations from $18.00 to $19.00 and gave the stock a "buy" rating in a research report on Tuesday, December 9th. Roth Mkm upped their target price on shares of Mama's Creations from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday, December 9th. Wall Street Zen cut shares of Mama's Creations from a "buy" rating to a "hold" rating in a research report on Saturday, February 7th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Mama's Creations in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $17.60.

Mama's Creations Price Performance

Shares of NASDAQ:MAMA opened at $16.02 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 1.85 and a debt-to-equity ratio of 0.11. Mama's Creations has a twelve month low of $6.02 and a twelve month high of $17.85. The stock's 50 day moving average is $15.09 and its 200-day moving average is $12.41. The firm has a market capitalization of $651.26 million, a price-to-earnings ratio of 145.65 and a beta of 0.78.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last issued its earnings results on Monday, December 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. The company had revenue of $47.27 million for the quarter, compared to analysts' expectations of $43.21 million. Mama's Creations had a return on equity of 16.72% and a net margin of 3.08%.During the same period last year, the business earned $0.01 EPS. Sell-side analysts forecast that Mama's Creations will post 0.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Mama's Creations

A number of hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in shares of Mama's Creations in the 4th quarter worth $63,000. Walleye Capital LLC bought a new position in shares of Mama's Creations during the second quarter valued at about $87,000. Prudential Financial Inc. purchased a new position in Mama's Creations during the second quarter worth about $100,000. Verition Fund Management LLC purchased a new position in Mama's Creations during the third quarter worth about $105,000. Finally, Envestnet Asset Management Inc. purchased a new position in Mama's Creations during the third quarter worth about $117,000. 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.

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