Mama’s Creations, Inc. (NASDAQ:MAMA) Receives Consensus Rating of “Buy” from Analysts

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have earned a consensus rating of “Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued a report on the stock in the last year is $9.38.

Several brokerages have commented on MAMA. Lake Street Capital upped 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. Roth Mkm restated a “buy” rating and issued a $8.50 price objective (up previously from $6.50) on shares of Mama’s Creations in a research report on Wednesday, June 12th. Finally, Craig Hallum lifted their target price on Mama’s Creations from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th.

Mama’s Creations Stock Performance

MAMA stock opened at $8.10 on Wednesday. Mama’s Creations has a twelve month low of $3.31 and a twelve month high of $8.69. The company has a quick ratio of 1.21, a current ratio of 1.37 and a debt-to-equity ratio of 0.29. The company has a market cap of $301.81 million, a P/E ratio of 54.00 and a beta of 1.09. The business’s fifty day moving average is $7.62 and its 200-day moving average is $6.38.

Mama’s Creations (NASDAQ:MAMA) last released its earnings results on Tuesday, June 11th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $29.84 million during the quarter, compared to analyst estimates of $26.10 million. Mama’s Creations had a net margin of 5.19% and a return on equity of 31.02%. Equities research analysts forecast that Mama’s Creations will post 0.15 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MAMA. The Manufacturers Life Insurance Company bought a new stake in Mama’s Creations in the 2nd quarter valued at $86,000. Squarepoint Ops LLC raised its stake in shares of Mama’s Creations by 32.8% in the 2nd quarter. Squarepoint Ops LLC now owns 32,246 shares of the company’s stock valued at $217,000 after purchasing an additional 7,960 shares during the period. Marshall Wace LLP lifted its holdings in shares of Mama’s Creations by 106.6% in the second quarter. Marshall Wace LLP now owns 58,689 shares of the company’s stock valued at $396,000 after purchasing an additional 30,286 shares in the last quarter. Apis Capital Advisors LLC lifted its holdings in shares of Mama’s Creations by 5.2% in the second quarter. Apis Capital Advisors LLC now owns 462,000 shares of the company’s stock valued at $3,114,000 after purchasing an additional 23,000 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of Mama’s Creations by 166.0% during the second quarter. First Eagle Investment Management LLC now owns 619,376 shares of the company’s stock worth $4,175,000 after buying an additional 386,542 shares during the period. Institutional investors and hedge funds 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.