Mama’s Creations (NASDAQ:MAMA) Price Target Raised to $10.00 at Craig Hallum

Mama’s Creations (NASDAQ:MAMA) had its price objective boosted by Craig Hallum from $9.00 to $10.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on MAMA. 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 note on Wednesday, June 12th. Lake Street Capital upped their price objective 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. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of Buy and a consensus target price of $10.00.

Mama’s Creations Trading Down 1.6 %

NASDAQ MAMA opened at $7.96 on Wednesday. The firm has a market capitalization of $296.61 million, a P/E ratio of 53.07 and a beta of 1.05. The business has a fifty day simple moving average of $7.75 and a 200 day simple moving average of $6.54. Mama’s Creations has a 12 month low of $3.31 and a 12 month high of $8.69. The company has a current ratio of 1.37, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 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 analyst estimates 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 prior year, the firm posted $0.05 EPS. On average, analysts predict that Mama’s Creations will post 0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MAMA. SG Americas Securities LLC bought a new position in shares of Mama’s Creations during the 1st quarter worth $56,000. Worth Venture Partners LLC bought a new position in shares of Mama’s Creations during the 4th quarter worth $63,000. Keynote Financial Services LLC bought a new position in shares of Mama’s Creations during the 1st quarter worth $76,000. The Manufacturers Life Insurance Company bought a new position in shares of Mama’s Creations during the 2nd quarter worth $86,000. Finally, Onyx Bridge Wealth Group LLC bought a new position in shares of Mama’s Creations during the 1st quarter worth $125,000. 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.