Mama's Creations (NASDAQ:MAMA) Upgraded 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 issued on Saturday.

Separately, Roth Capital reiterated a "buy" rating and set a $10.00 target price (up previously from $9.00) on shares of Mama's Creations in a research report on Wednesday, June 4th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Mama's Creations presently has an average rating of "Buy" and a consensus price target of $10.50.

Mama's Creations Stock Performance

Shares of NASDAQ:MAMA traded up $0.31 during mid-day trading on Friday, reaching $8.40. The company had a trading volume of 145,015 shares, compared to its average volume of 285,902. The company has a current ratio of 1.29, a quick ratio of 1.01 and a debt-to-equity ratio of 0.07. The firm has a market cap of $315.93 million, a price-to-earnings ratio of 76.37 and a beta of 0.75. The company's 50-day moving average price is $8.47 and its 200-day moving average price is $7.35. Mama's Creations has a one year low of $5.50 and a one year high of $9.98.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. The company had revenue of $35.30 million for the quarter, compared to analysts' expectations of $32.74 million. Mama's Creations had a net margin of 3.41% and a return on equity of 18.19%. As a group, equities research analysts anticipate that Mama's Creations will post 0.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Mama's Creations

Large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its stake in shares of Mama's Creations by 4,483.6% during the fourth quarter. Janus Henderson Group PLC now owns 1,444,396 shares of the company's stock worth $11,497,000 after acquiring an additional 1,412,884 shares in the last quarter. Wasatch Advisors LP grew its holdings in shares of Mama's Creations by 13.3% in the fourth quarter. Wasatch Advisors LP now owns 4,063,991 shares of the company's stock worth $32,349,000 after purchasing an additional 476,562 shares during the last quarter. Grandeur Peak Global Advisors LLC bought a new position in shares of Mama's Creations in the fourth quarter worth approximately $3,748,000. Penn Capital Management Company LLC grew its holdings in shares of Mama's Creations by 170.1% in the first quarter. Penn Capital Management Company LLC now owns 332,948 shares of the company's stock worth $2,167,000 after purchasing an additional 209,680 shares during the last quarter. Finally, Expect Equity LLC bought a new position in shares of Mama's Creations in the fourth quarter worth approximately $1,505,000. 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.