Mama’s Creations, Inc. (NASDAQ:MAMA) Given Consensus Recommendation of “Buy” by Analysts

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have been assigned a consensus rating of “Buy” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $10.00.

A number of analysts recently issued reports on the company. Lake Street Capital boosted 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. Craig Hallum upped their target price on Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Finally, Roth Mkm restated a “buy” rating and issued a $10.00 target price (up from $8.50) on shares of Mama’s Creations in a research note on Wednesday, September 11th.

Institutional Investors Weigh In On Mama’s Creations

Several institutional investors have recently bought and sold shares of the stock. Wasatch Advisors LP bought a new position in Mama’s Creations during the 4th quarter valued at approximately $19,069,000. Vanguard Group Inc. raised its position in shares of Mama’s Creations by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 1,479,944 shares of the company’s stock worth $7,400,000 after acquiring an additional 45,500 shares in the last quarter. Bard Associates Inc. bought a new position in shares of Mama’s Creations in the 4th quarter worth approximately $5,688,000. Russell Investments Group Ltd. raised its position in shares of Mama’s Creations by 185.4% in the 1st quarter. Russell Investments Group Ltd. now owns 790,987 shares of the company’s stock worth $3,955,000 after acquiring an additional 513,824 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of Mama’s Creations by 166.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 619,376 shares of the company’s stock worth $4,175,000 after acquiring an additional 386,542 shares in the last quarter. 45.18% of the stock is currently owned by hedge funds and other institutional investors.

Mama’s Creations Stock Performance

Shares of MAMA opened at $7.75 on Friday. The firm has a market cap of $288.79 million, a PE ratio of 51.67 and a beta of 1.05. The stock’s fifty day moving average price is $7.81 and its two-hundred day moving average price is $6.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.21. 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 issued 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 firm had revenue of $28.38 million for the quarter, compared to analyst estimates of $27.80 million. During the same period in the previous year, the company posted $0.05 earnings per share. On average, equities research analysts forecast that Mama’s Creations will post 0.14 EPS for the current 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.