Mama's Creations (NASDAQ:MAMA) Stock Rating Lowered by Wall Street Zen

Key Points

• Analysts at Wall Street Zen have downgraded Mama's Creations from a "buy" to a "hold" rating, significantly impacting investor sentiment.
• Despite the downgrade, Roth Capital maintains a "buy" rating with an increased price target of $10.00 for the stock, which has an average consensus price target of $10.50.
• Mama's Creations reported earnings of $0.03 EPS, exceeding estimates, along with a revenue of $35.30 million for the quarter, surpassing expectations.

Mama's Creations (NASDAQ:MAMA - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Sunday.

Separately, Roth Capital reissued a "buy" rating and issued a $10.00 target price (up previously from $9.00) on shares of Mama's Creations in a research note on Wednesday, June 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Mama's Creations currently has an average rating of "Moderate Buy" and an average price target of $10.50.

Mama's Creations Price Performance

Shares of MAMA stock traded up $0.33 during mid-day trading on Friday, hitting $8.33. The company had a trading volume of 214,308 shares, compared to its average volume of 281,220. Mama's Creations has a 52-week low of $5.50 and a 52-week high of $9.98. The stock's 50 day moving average price is $8.49 and its 200-day moving average price is $7.36. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.29 and a quick ratio of 1.01. The company has a market capitalization of $313.29 million, a P/E ratio of 75.73 and a beta of 0.75.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. Mama's Creations had a net margin of 3.41% and a return on equity of 18.19%. The firm had revenue of $35.30 million for the quarter, compared to the consensus estimate of $32.74 million. Equities research analysts forecast that Mama's Creations will post 0.09 earnings per share for the current year.

Institutional Trading of Mama's Creations

Several institutional investors and hedge funds have recently bought and sold shares of MAMA. AlphaQuest LLC purchased a new position in Mama's Creations in the first quarter valued at $35,000. BNP Paribas Financial Markets purchased a new position in Mama's Creations in the fourth quarter valued at $68,000. Legato Capital Management LLC purchased a new position in Mama's Creations in the first quarter valued at $71,000. Prudential Financial Inc. purchased a new position in Mama's Creations in the second quarter valued at $100,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Mama's Creations by 19.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,622 shares of the company's stock valued at $101,000 after buying an additional 2,073 shares in the last quarter. 45.18% of the stock is currently owned by institutional investors and hedge funds.

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.