Mama’s Creations (NASDAQ:MAMA) Stock Rating Reaffirmed by Roth Mkm

Mama’s Creations (NASDAQ:MAMA)‘s stock had its “buy” rating restated by analysts at Roth Mkm in a research report issued on Wednesday, Benzinga reports. They currently have a $10.00 price objective on the stock, up from their previous price objective of $8.50. Roth Mkm’s price objective would indicate a potential upside of 23.61% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the stock. Craig Hallum raised 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. Lake Street Capital raised their target price on shares of Mama’s Creations from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $10.00.

Mama’s Creations Stock Performance

Shares of MAMA stock opened at $8.09 on Wednesday. The company has a market capitalization of $301.46 million, a P/E ratio of 53.93 and a beta of 1.06. Mama’s Creations has a 52 week low of $3.31 and a 52 week high of $8.69. The company’s 50 day moving average price is $7.74 and its two-hundred day moving average price is $6.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.21 and a current ratio of 1.37.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $28.38 million during the quarter, compared to analysts’ expectations of $27.80 million. Mama’s Creations had a net margin of 5.19% and a return on equity of 31.02%. During the same period last year, the business earned $0.05 EPS. On average, analysts expect that Mama’s Creations will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mama’s Creations

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in Mama’s Creations during the first quarter worth $56,000. Worth Venture Partners LLC acquired a new stake in shares of Mama’s Creations during the fourth quarter worth $63,000. Keynote Financial Services LLC acquired a new stake in shares of Mama’s Creations during the first quarter worth $76,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Mama’s Creations during the second quarter worth $86,000. Finally, Onyx Bridge Wealth Group LLC acquired a new stake in shares of Mama’s Creations during the first quarter worth $125,000. 45.18% of the stock is owned by institutional investors.

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.