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

Mama’s Creations, Inc. (NASDAQ:MAMA) has been assigned a consensus recommendation of “Buy” from the five research firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have covered the stock in the last year is $7.88.

Several brokerages have commented on MAMA. Lake Street Capital boosted their price target on shares of Mama’s Creations from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday. Roth Mkm reiterated a “buy” rating and set a $6.50 price objective (up from $6.00) on shares of Mama’s Creations in a research note on Thursday. Roth Capital reiterated a “buy” rating on shares of Mama’s Creations in a research note on Thursday, February 1st. Finally, TheStreet raised shares of Mama’s Creations from a “c+” rating to a “b-” rating in a research report on Thursday, February 22nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Worth Venture Partners LLC acquired a new stake in shares of Mama’s Creations in the fourth quarter worth $63,000. Quadrature Capital Ltd acquired a new stake in Mama’s Creations during the fourth quarter valued at $182,000. B. Riley Wealth Advisors Inc. acquired a new stake in Mama’s Creations during the fourth quarter valued at $191,000. Pinnacle Holdings LLC acquired a new stake in Mama’s Creations during the fourth quarter valued at $236,000. Finally, Jump Financial LLC acquired a new stake in shares of Mama’s Creations in the fourth quarter valued at about $323,000. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Mama’s Creations Price Performance

Shares of MAMA traded up $0.47 during trading hours on Thursday, reaching $5.54. 1,728,807 shares of the stock traded hands, compared to its average volume of 281,211. The company has a current ratio of 1.42, a quick ratio of 1.24 and a debt-to-equity ratio of 0.42. Mama’s Creations has a 52-week low of $1.83 and a 52-week high of $5.79. The company’s 50-day moving average price is $4.89 and its two-hundred day moving average price is $4.41. The company has a market cap of $207.47 million, a P/E ratio of 27.70 and a beta of 1.08.

Mama’s Creations Company Profile

Mama's Creations, Inc 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.