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

Mama’s Creations, Inc. (NASDAQ:MAMA) has been assigned a consensus rating of “Buy” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $10.00.

Several equities analysts have issued reports on the stock. Roth Mkm restated a “buy” rating and issued a $10.00 price target (up from $8.50) on shares of Mama’s Creations in a research report on Wednesday, September 11th. Craig Hallum increased their price objective on Mama’s Creations from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, September 11th.

Mama’s Creations Trading Down 1.9 %

Shares of MAMA stock opened at $9.65 on Friday. Mama’s Creations has a twelve month low of $3.46 and a twelve month high of $9.98. The stock’s fifty day simple moving average is $8.21 and its 200 day simple moving average is $7.67. The company has a quick ratio of 1.17, a current ratio of 1.37 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $362.62 million, a P/E ratio of 74.23 and a beta of 1.10.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $28.38 million for the quarter, compared to analysts’ expectations 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 previous year, the business 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 fiscal year.

Insider Activity

In other news, CEO Adam Laurance Michaels sold 65,898 shares of Mama’s Creations stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $7.42, for a total value of $488,963.16. Following the completion of 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 10.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 10.00% of the company’s stock.

Institutional Investors Weigh In On Mama’s Creations

Large investors have recently added to or reduced their stakes in the business. Annex Advisory Services LLC bought a new position in shares of Mama’s Creations during the 2nd quarter worth approximately $607,000. Conestoga Capital Advisors LLC bought a new position in Mama’s Creations during the third quarter worth $1,205,000. Evernest Financial Advisors LLC grew its holdings in Mama’s Creations by 276.0% in the third quarter. Evernest Financial Advisors LLC now owns 188,000 shares of the company’s stock worth $1,372,000 after purchasing an additional 138,000 shares during the period. Bank of New York Mellon Corp increased its stake in Mama’s Creations by 312.6% in the second quarter. Bank of New York Mellon Corp now owns 118,165 shares of the company’s stock valued at $796,000 after purchasing an additional 89,527 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in shares of Mama’s Creations by 166.0% during the second quarter. First Eagle Investment Management LLC now owns 619,376 shares of the company’s stock valued at $4,175,000 after purchasing an additional 386,542 shares during the period. Institutional investors and hedge funds own 45.18% of the company’s stock.

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.