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

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have received a consensus rating of “Buy” from the five analysts that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $10.00.

A number of equities research analysts recently weighed in on MAMA shares. Roth Mkm reaffirmed 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. Craig Hallum raised their target price on shares of Mama’s Creations from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th.

Insiders Place Their Bets

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 65,898 shares of Mama’s Creations stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $7.42, for a total transaction of $488,963.16. Following the transaction, the chief executive officer now directly owns 543,260 shares of the company’s stock, valued at approximately $4,030,989.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 10.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in shares of Mama’s Creations during the first quarter worth approximately $56,000. The Manufacturers Life Insurance Company purchased a new position in shares of Mama’s Creations during the second quarter worth approximately $86,000. Keynote Financial Services LLC bought a new position in shares of Mama’s Creations in the first quarter worth approximately $76,000. Squarepoint Ops LLC grew its holdings in shares of Mama’s Creations by 32.8% in the second quarter. Squarepoint Ops LLC now owns 32,246 shares of the company’s stock worth $217,000 after purchasing an additional 7,960 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Mama’s Creations in the fourth quarter worth approximately $182,000. 45.18% of the stock is owned by hedge funds and other institutional investors.

Mama’s Creations Price Performance

MAMA stock opened at $8.22 on Thursday. The firm has a 50 day moving average of $7.90 and a 200-day moving average of $6.99. 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 has a 12 month low of $3.31 and a 12 month high of $8.69. The firm has a market capitalization of $306.30 million, a P/E ratio of 54.80 and a beta of 1.03.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings data on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, beating 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 company had revenue of $28.38 million during the quarter, compared to analyst estimates of $27.80 million. During the same period last year, the business earned $0.05 earnings per share. As a group, sell-side analysts predict 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.