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

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have received a consensus rating of “Buy” from the five brokerages that are covering the company, MarketBeat reports. Five investment 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.

A number of equities research analysts have weighed in on the stock. Roth Mkm reiterated a “buy” rating and set a $10.00 price target (up previously from $8.50) on shares of Mama’s Creations in a research note on Wednesday, September 11th. Craig Hallum lifted their price target on shares of Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th.

Insider Activity

In other news, CEO Adam Laurance Michaels sold 65,898 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $7.42, for a total value 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 10.82 % decrease in their position. The sale 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 corporate insiders.

Institutional Investors Weigh In On Mama’s Creations

Several institutional investors and hedge funds have recently made changes to their positions in MAMA. Planning Capital Management Corp acquired a new stake in shares of Mama’s Creations in the 3rd quarter valued at $36,000. FMR LLC boosted its stake in shares of Mama’s Creations by 23,422.7% in the 3rd quarter. FMR LLC now owns 5,175 shares of the company’s stock valued at $38,000 after purchasing an additional 5,153 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Mama’s Creations in the first quarter valued at about $56,000. Keynote Financial Services LLC bought a new position in shares of Mama’s Creations in the first quarter valued at about $76,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Mama’s Creations in the second quarter valued at about $86,000. Institutional investors and hedge funds own 45.18% of the company’s stock.

Mama’s Creations Trading Down 2.0 %

Shares of MAMA stock opened at $7.73 on Monday. Mama’s Creations has a 1 year low of $3.46 and a 1 year high of $8.69. The firm’s fifty day simple moving average is $7.81 and its 200 day simple moving average is $7.42. The firm has a market capitalization of $290.49 million, a P/E ratio of 59.47 and a beta of 1.04. The company has a current ratio of 1.37, a quick ratio of 1.17 and a debt-to-equity ratio of 0.18.

Mama’s Creations (NASDAQ:MAMA) last announced its earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. As a group, sell-side analysts predict that Mama’s Creations will post 0.14 EPS for the current 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.