Mama’s Creations, Inc. (NASDAQ:MAMA) Receives $10.00 Consensus Price Target from Analysts

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

MAMA has been the topic of several analyst reports. Craig Hallum lifted their target price 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 target price (up previously from $8.50) on shares of Mama’s Creations in a research note on Wednesday, September 11th.

Insider Transactions at Mama’s Creations

In other 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 sale, the chief executive officer now owns 543,260 shares in the company, valued at approximately $4,030,989.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.00% of the company’s stock.

Institutional Investors Weigh In On Mama’s Creations

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in Mama’s Creations in the first quarter valued at approximately $56,000. Keynote Financial Services LLC acquired a new position in Mama’s Creations in the first quarter valued at approximately $76,000. The Manufacturers Life Insurance Company acquired a new position in Mama’s Creations in the second quarter valued at approximately $86,000. Ballentine Partners LLC acquired a new position in Mama’s Creations in the third quarter valued at approximately $110,000. Finally, Quadrature Capital Ltd acquired a new position in Mama’s Creations in the fourth quarter valued at approximately $182,000. Institutional investors and hedge funds own 45.18% of the company’s stock.

Mama’s Creations Stock Performance

Shares of Mama’s Creations stock opened at $7.60 on Thursday. The stock’s fifty day moving average price is $7.91 and its 200-day moving average price is $7.10. 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 1.17 and a debt-to-equity ratio of 0.18. The firm has a market cap of $283.20 million, a P/E ratio of 50.67 and a beta of 1.03.

Mama’s Creations (NASDAQ:MAMA) last posted its earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. Mama’s Creations had a return on equity of 25.53% and a net margin of 4.51%. The company 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 earned $0.05 earnings per share. On average, equities research analysts expect that Mama’s Creations will post 0.14 earnings per share for the current fiscal year.

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.