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

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

Several research analysts recently weighed in on MAMA shares. Craig Hallum upped their target price on shares of Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Lake Street Capital lifted their target price on Mama’s Creations from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Finally, 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.

Insider Buying and Selling

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 65,898 shares of the firm’s 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 owns 543,260 shares in the company, valued at approximately $4,030,989.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Mama’s Creations

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in shares of Mama’s Creations during the 1st quarter valued at about $56,000. The Manufacturers Life Insurance Company purchased a new stake in Mama’s Creations in the 2nd quarter worth about $86,000. Keynote Financial Services LLC bought a new stake in Mama’s Creations in the first quarter worth about $76,000. Onyx Bridge Wealth Group LLC bought a new stake in Mama’s Creations in the first quarter worth about $125,000. Finally, Squarepoint Ops LLC boosted its position in shares of Mama’s Creations by 32.8% during the second quarter. Squarepoint Ops LLC now owns 32,246 shares of the company’s stock valued at $217,000 after buying an additional 7,960 shares during the period. Institutional investors own 45.18% of the company’s stock.

Mama’s Creations Stock Performance

Shares of Mama’s Creations stock opened at $7.33 on Friday. The stock has a market cap of $275.46 million, a price-to-earnings ratio of 48.87 and a beta of 1.05. 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 is $7.78 and its 200 day moving average is $6.70. Mama’s Creations has a 1 year low of $3.31 and a 1 year high of $8.69.

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