Mama's Creations (NASDAQ:MAMA) Rating Increased to Buy at Wall Street Zen

Key Points

• Mama's Creations has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting improved investor sentiment.
• Roth Capital has set a new price target of $10.00 for Mama's Creations, an increase from the previous target of $9.00.
• The company reported a net margin of 3.41% and revenue of $35.30 million for the last quarter, surpassing analysts' expectations.

Wall Street Zen upgraded shares of Mama's Creations (NASDAQ:MAMA - Free Report) from a hold rating to a buy rating in a report released on Saturday.

Separately, Roth Capital reaffirmed 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. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $10.50.

Mama's Creations Trading Up 1.1%

NASDAQ MAMA traded up $0.09 during trading hours on Friday, reaching $8.14. The company's stock had a trading volume of 76,139 shares, compared to its average volume of 283,511. The firm has a fifty day simple moving average of $8.50 and a 200-day simple moving average of $7.36. The stock has a market cap of $306.15 million, a P/E ratio of 73.87 and a beta of 0.75. Mama's Creations has a 52 week low of $5.50 and a 52 week high of $9.98. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.29 and a quick ratio of 1.01.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.03 earnings per share (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 during the quarter, compared to analyst estimates of $32.74 million. Equities analysts forecast that Mama's Creations will post 0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mama's Creations

A number of institutional investors have recently added to or reduced their stakes in MAMA. Bank of America Corp DE boosted its position in shares of Mama's Creations by 32.1% during the fourth quarter. Bank of America Corp DE now owns 33,882 shares of the company's stock valued at $270,000 after buying an additional 8,242 shares during the last quarter. Rhumbline Advisers grew its position in Mama's Creations by 5.0% in the 1st quarter. Rhumbline Advisers now owns 44,699 shares of the company's stock valued at $291,000 after acquiring an additional 2,146 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Mama's Creations by 3,085.4% in the 4th quarter. Deutsche Bank AG now owns 26,407 shares of the company's stock valued at $210,000 after buying an additional 25,578 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Mama's Creations in the fourth quarter valued at about $1,333,000. Finally, Barclays PLC increased its holdings in shares of Mama's Creations by 10.8% in the fourth quarter. Barclays PLC now owns 52,127 shares of the company's stock valued at $415,000 after purchasing an additional 5,072 shares during the period. Institutional investors own 45.18% of the company's stock.

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.