Analysts Set Mama’s Creations, Inc. (NASDAQ:MAMA) Target Price at $10.00

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have been assigned an average rating of “Buy” from the five ratings firms that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have covered the stock in the last year is $10.00.

A number of equities analysts have recently weighed in on MAMA shares. Craig Hallum upped their price objective on Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Roth Mkm restated a “buy” rating and issued a $10.00 price target (up from $8.50) on shares of Mama’s Creations in a research note on Wednesday, September 11th.

Mama’s Creations Price Performance

Shares of NASDAQ:MAMA opened at $7.94 on Thursday. The company has a market capitalization of $295.87 million, a P/E ratio of 52.93 and a beta of 1.03. Mama’s Creations has a 1-year low of $3.31 and a 1-year high of $8.69. The firm’s 50 day simple moving average is $7.91 and its two-hundred day simple moving average is $7.04. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.17.

Mama’s Creations (NASDAQ:MAMA) last issued its 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. Mama’s Creations had a net margin of 4.51% and a return on equity of 25.53%. The company had revenue of $28.38 million during the quarter, compared to the consensus estimate of $27.80 million. During the same quarter in the prior year, the firm posted $0.05 EPS. Research analysts expect that Mama’s Creations will post 0.14 EPS for the current fiscal year.

Insider Transactions at Mama’s Creations

In related news, CEO Adam Laurance Michaels sold 65,898 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 543,260 shares of the company’s stock, valued at approximately $4,030,989.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.00% of the company’s stock.

Institutional Investors Weigh In On Mama’s Creations

A number of hedge funds have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. bought a new stake in shares of Mama’s Creations in the 4th quarter worth about $191,000. Quadrature Capital Ltd bought a new stake in Mama’s Creations during the fourth quarter worth approximately $182,000. Bridgewater Advisors Inc. purchased a new stake in Mama’s Creations during the first quarter valued at approximately $216,000. SG Americas Securities LLC bought a new stake in shares of Mama’s Creations in the 1st quarter valued at approximately $56,000. Finally, Russell Investments Group Ltd. boosted its holdings 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 during the period. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Mama’s Creations Company Profile

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.