Mama’s Creations, Inc. (NASDAQ:MAMA) Receives $10.00 Average PT from Analysts

Mama’s Creations, Inc. (NASDAQ:MAMA) has received a consensus recommendation of “Buy” from the five brokerages that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $10.00.

MAMA has been the subject of several research analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $10.00 target price (up from $8.50) on shares of Mama’s Creations in a research note on Wednesday, September 11th. Craig Hallum boosted their target price on shares of Mama’s Creations from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th.

Mama’s Creations Stock Performance

Shares of MAMA opened at $7.73 on Monday. The business’s fifty day simple moving average is $7.81 and its two-hundred day simple moving average is $7.41. The company has a current ratio of 1.37, a quick ratio of 1.17 and a debt-to-equity ratio of 0.18. Mama’s Creations has a 12 month low of $3.46 and a 12 month high of $8.69. The company has a market cap of $290.49 million, a price-to-earnings ratio of 59.47 and a beta of 1.04.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Mama’s Creations had a net margin of 4.51% and a return on equity of 25.53%. The firm had revenue of $28.38 million during the quarter, compared to analyst estimates of $27.80 million. During the same period in the previous year, the business posted $0.05 earnings per share. Research analysts anticipate that Mama’s Creations will post 0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Mama’s Creations

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 65,898 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $7.42, for a total transaction of $488,963.16. Following the sale, the chief executive officer now owns 543,260 shares of the company’s stock, valued at approximately $4,030,989.20. This trade represents a 10.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mama’s Creations

A number of institutional investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC purchased a new stake in Mama’s Creations during the first quarter valued at approximately $1,164,000. Russell Investments Group Ltd. boosted its position in shares of Mama’s Creations by 185.4% in the 1st quarter. Russell Investments Group Ltd. now owns 790,987 shares of the company’s stock worth $3,955,000 after purchasing an additional 513,824 shares in the last quarter. Annex Advisory Services LLC purchased a new position in Mama’s Creations during the 2nd quarter worth $607,000. Ancora Advisors LLC raised its position in shares of Mama’s Creations by 123.5% in the 1st quarter. Ancora Advisors LLC now owns 254,180 shares of the company’s stock valued at $1,271,000 after purchasing an additional 140,460 shares during the last quarter. Finally, Conestoga Capital Advisors LLC purchased a new stake in shares of Mama’s Creations during the third quarter valued at $1,205,000. Institutional investors own 45.18% of the company’s stock.

About Mama’s Creations

Mama's Creations, Inc, together with its subsidiaries, manufactures and markets prepared refrigerated foods primarily in the United States. The company offers beef and turkey meatballs, meat loaf, chicken, sausage-related products, and pasta entrees; and hot bars, salad bars, prepared foods, sandwich, and cold deli and foods-to-go sections.