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

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

A number of research analysts have issued reports on MAMA shares. Craig Hallum lifted their price objective on Mama’s Creations from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Roth Mkm reiterated 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 Trading Down 2.3 %

MAMA opened at $8.20 on Monday. The stock has a market cap of $308.16 million, a PE ratio of 63.08 and a beta of 1.04. The business has a 50 day moving average of $7.80 and a 200-day moving average of $7.39. Mama’s Creations has a 52 week low of $3.38 and a 52 week high of $8.69. The company has a quick ratio of 1.17, a current ratio of 1.37 and a debt-to-equity ratio of 0.18.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings data on Tuesday, September 10th. The company reported $0.03 EPS 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 business had revenue of $28.38 million for the quarter, compared to analyst estimates of $27.80 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Equities research analysts predict 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 business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 543,260 shares in the company, valued at $4,030,989.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.00% of the stock is owned by corporate insiders.

Institutional Trading of Mama’s Creations

Several hedge funds have recently bought and sold shares of the stock. First Eagle Investment Management LLC bought a new position in Mama’s Creations in the 1st quarter worth approximately $1,164,000. Russell Investments Group Ltd. raised its stake in Mama’s Creations by 185.4% during the first quarter. Russell Investments Group Ltd. now owns 790,987 shares of the company’s stock valued at $3,955,000 after purchasing an additional 513,824 shares in the last quarter. Annex Advisory Services LLC purchased a new position in shares of Mama’s Creations in the 2nd quarter worth $607,000. Ancora Advisors LLC increased its holdings 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 worth $1,271,000 after buying 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 3rd quarter valued at about $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.