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

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have been given an average recommendation of “Buy” by the five research firms that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $10.00.

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

Mama’s Creations Stock Up 4.8 %

MAMA stock opened at $9.58 on Friday. The firm has a 50 day moving average of $8.33 and a 200 day moving average of $7.73. The stock has a market capitalization of $359.99 million, a PE ratio of 73.69 and a beta of 1.10. Mama’s Creations has a 52 week low of $3.46 and a 52 week high of $9.98. The company has a quick ratio of 1.17, a current ratio of 1.37 and a debt-to-equity ratio of 0.18.

Mama’s Creations (NASDAQ:MAMA) last issued 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 the consensus estimate of $27.80 million. Mama’s Creations had a net margin of 4.51% and a return on equity of 25.53%. During the same quarter in the prior year, the company earned $0.05 EPS. Sell-side analysts forecast that Mama’s Creations will post 0.14 earnings per share for the current year.

Insider Transactions at Mama’s Creations

In related news, CEO Adam Laurance Michaels sold 65,898 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 543,260 shares in the company, valued at approximately $4,030,989.20. The trade was a 10.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 10.00% of the company’s stock.

Institutional Investors Weigh In On Mama’s Creations

Several large investors have recently added to or reduced their stakes in the business. Planning Capital Management Corp acquired a new position in shares of Mama’s Creations in the third quarter worth $36,000. FMR LLC boosted its holdings in Mama’s Creations by 23,422.7% in the third quarter. FMR LLC now owns 5,175 shares of the company’s stock valued at $38,000 after purchasing an additional 5,153 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Mama’s Creations during the 2nd quarter worth $86,000. SG Americas Securities LLC purchased a new stake in Mama’s Creations during the 3rd quarter worth about $90,000. Finally, Ballentine Partners LLC acquired a new stake in Mama’s Creations in the 3rd quarter valued at about $110,000. 45.18% of the stock is owned by hedge funds and other institutional investors.

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.