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

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have earned a consensus recommendation of “Buy” from the five brokerages that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have issued a report on the stock in the last year is $10.00.

Several research analysts have recently weighed in on the company. Roth Mkm reaffirmed a “buy” rating and set 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 lifted their target price 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.

Mama’s Creations Trading Down 2.0 %

Mama’s Creations stock opened at $7.73 on Monday. 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 $290.49 million, a PE ratio of 59.47 and a beta of 1.04. The stock’s 50 day simple moving average is $7.81 and its two-hundred day simple moving average is $7.41. Mama’s Creations has a 12 month low of $3.46 and a 12 month high of $8.69.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $27.80 million. During the same quarter last year, the business earned $0.05 earnings per share. Analysts anticipate that Mama’s Creations will post 0.14 earnings per share for the current year.

Insider Buying and Selling at Mama’s Creations

In related news, CEO Adam Laurance Michaels sold 65,898 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $4,030,989.20. This represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 10.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Mama’s Creations

Several large investors have recently modified their holdings of MAMA. Annex Advisory Services LLC increased its position in shares of Mama’s Creations by 693.5% during the third quarter. Annex Advisory Services LLC now owns 714,308 shares of the company’s stock valued at $5,214,000 after acquiring an additional 624,289 shares during the last quarter. Portolan Capital Management LLC boosted its position in Mama’s Creations by 177.2% in the 3rd quarter. Portolan Capital Management LLC now owns 953,629 shares of the company’s stock valued at $6,961,000 after buying an additional 609,605 shares during the period. Russell Investments Group Ltd. increased its holdings in Mama’s Creations by 185.4% during the 1st quarter. Russell Investments Group Ltd. now owns 790,987 shares of the company’s stock worth $3,955,000 after purchasing an additional 513,824 shares during the period. First Eagle Investment Management LLC lifted its stake in Mama’s Creations by 166.0% in the second 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 during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Mama’s Creations by 75.1% in the second quarter. Renaissance Technologies LLC now owns 441,200 shares of the company’s stock valued at $2,974,000 after buying an additional 189,247 shares during the last quarter. Institutional investors and hedge funds own 45.18% of the company’s stock.

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.