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

Mama’s Creations, Inc. (NASDAQ:MAMA) has been assigned a consensus recommendation of “Buy” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued a report on the stock in the last year is $10.00.

MAMA has been the topic of a number of analyst reports. Roth Mkm reiterated a “buy” rating and set a $10.00 price objective (up previously from $8.50) on shares of Mama’s Creations in a research report on Wednesday, September 11th. Craig Hallum lifted their price target on shares of Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th.

Insider Buying and Selling

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

Institutional Trading of Mama’s Creations

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Planning Capital Management Corp purchased a new stake in shares of Mama’s Creations during the 3rd quarter worth about $36,000. FMR LLC boosted its position in Mama’s Creations by 23,422.7% during the third quarter. FMR LLC now owns 5,175 shares of the company’s stock worth $38,000 after purchasing an additional 5,153 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Mama’s Creations in the second quarter valued at approximately $86,000. SG Americas Securities LLC purchased a new stake in shares of Mama’s Creations in the third quarter valued at approximately $90,000. Finally, Ballentine Partners LLC acquired a new position in shares of Mama’s Creations during the 3rd quarter worth approximately $110,000. 45.18% of the stock is owned by institutional investors and hedge funds.

Mama’s Creations Trading Down 5.0 %

Mama’s Creations stock opened at $9.17 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.17. The firm’s 50 day moving average price is $8.25 and its 200-day moving average price is $7.70. Mama’s Creations has a 1 year low of $3.46 and a 1 year high of $9.98. The stock has a market cap of $344.61 million, a P/E ratio of 70.54 and a beta of 1.10.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings data on Tuesday, September 10th. 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 25.53% and a net margin of 4.51%. The business had revenue of $28.38 million for the quarter, compared to the consensus estimate of $27.80 million. During the same quarter in the previous year, the company posted $0.05 EPS. On average, equities analysts predict that Mama’s Creations will post 0.14 earnings per share for the current fiscal year.

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.