Mama’s Creations (NASDAQ:MAMA) Raised to Strong-Buy at DA Davidson

DA Davidson upgraded shares of Mama’s Creations (NASDAQ:MAMA) to a strong-buy rating in a report published on Monday,Zacks.com reports.

MAMA has been the subject of a number of other reports. Lake Street Capital lifted their price objective 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. Zacks Research cut shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. Wall Street Zen cut shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Finally, Roth Capital lifted their price target on shares of Mama’s Creations from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. Based on 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 Performance

Shares of Mama’s Creations stock opened at $10.81 on Monday. The firm has a 50 day simple moving average of $8.96 and a 200 day simple moving average of $7.85. The firm has a market cap of $437.81 million, a P/E ratio of 98.28 and a beta of 0.65. Mama’s Creations has a fifty-two week low of $5.50 and a fifty-two week high of $11.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.15.

Mama’s Creations (NASDAQ:MAMA) last released its earnings results on Monday, September 8th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $35.20 million during the quarter, compared to analysts’ expectations of $33.18 million. Mama’s Creations had a return on equity of 17.41% and a net margin of 3.34%.During the same period last year, the firm earned $0.03 EPS. Sell-side analysts predict that Mama’s Creations will post 0.09 earnings per share for the current fiscal year.

Insider Transactions at Mama’s Creations

In other Mama’s Creations news, Director Shirley Romig sold 4,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $10.18, for a total value of $40,720.00. Following the completion of the transaction, the director directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.50% of the company’s stock.

Hedge Funds Weigh In On Mama’s Creations

Institutional investors and hedge funds have recently modified their holdings of the business. AlphaQuest LLC acquired a new position in Mama’s Creations in the 1st quarter worth $35,000. BNP Paribas Financial Markets acquired a new position in shares of Mama’s Creations during the fourth quarter worth about $68,000. Walleye Capital LLC acquired a new position in shares of Mama’s Creations during the second quarter worth about $87,000. Legato Capital Management LLC acquired a new position in Mama’s Creations during the 1st quarter worth approximately $71,000. Finally, Prudential Financial Inc. acquired a new position in Mama’s Creations during the 2nd quarter worth approximately $100,000. 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.