Mama's Creations (NASDAQ:MAMA) Upgraded to "Strong-Buy" at DA Davidson

Key Points

• Mama's Creations (NASDAQ:MAMA) received a "strong-buy" upgrade from DA Davidson, reflecting growing analyst confidence in the company's stock.
• Other analysts have also revised their price targets for Mama's Creations, with Lake Street Capital increasing it from $11.00 to $15.00.
• Despite the positive upgrades, Mama's Creations stock recently saw a decline of 3.2%, trading at $10.60, with a one-year high of $11.49.

Mama's Creations (NASDAQ:MAMA - Get Free Report) was upgraded by equities researchers at DA Davidson to a "strong-buy" rating in a research note issued on Monday,Zacks.com reports.

A number of other analysts have also issued reports on MAMA. Lake Street Capital lifted their target price on Mama's Creations from $11.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. Roth Capital lifted their price target on Mama's Creations from $10.00 to $13.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Zacks Research downgraded Mama's Creations from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, Wall Street Zen downgraded Mama's Creations from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Mama's Creations has a consensus rating of "Buy" and a consensus price target of $14.25.

Mama's Creations Stock Down 3.2%

Shares of NASDAQ MAMA opened at $10.60 on Monday. Mama's Creations has a 1 year low of $5.50 and a 1 year high of $11.49. The firm has a market cap of $429.30 million, a price-to-earnings ratio of 96.37 and a beta of 0.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.15 and a current ratio of 1.58. The stock's 50-day simple moving average is $8.93 and its 200-day simple moving average is $7.83.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last announced its earnings results on Monday, September 8th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. Mama's Creations had a return on equity of 17.41% and a net margin of 3.34%.The business had revenue of $35.20 million for the quarter, compared to analyst estimates of $33.18 million. During the same period in the previous year, the company earned $0.03 earnings per share. As a group, equities analysts anticipate that Mama's Creations will post 0.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Mama's Creations

In other news, Director Shirley Romig sold 4,000 shares of Mama's Creations stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $10.18, for a total transaction of $40,720.00. Following the sale, the director owned 17,139 shares of the company's stock, valued at approximately $174,475.02. The trade was a 18.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 6.50% of the company's stock.

Institutional Investors Weigh In On Mama's Creations

Hedge funds have recently made changes to their positions in the business. AlphaQuest LLC bought a new stake in shares of Mama's Creations during the first quarter valued at approximately $35,000. BNP Paribas Financial Markets bought a new stake in shares of Mama's Creations during the fourth quarter valued at approximately $68,000. Walleye Capital LLC bought a new stake in shares of Mama's Creations during the second quarter valued at approximately $87,000. Legato Capital Management LLC bought a new stake in shares of Mama's Creations during the first quarter valued at approximately $71,000. Finally, Prudential Financial Inc. bought a new stake in shares of Mama's Creations during the second quarter valued at approximately $100,000. 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.

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