Mama’s Creations, Inc. (NASDAQ:MAMA) Receives $7.88 Average Price Target from Brokerages

Mama’s Creations, Inc. (NASDAQ:MAMA) has received an average recommendation of “Buy” from the five analysts that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $7.88.

MAMA has been the topic of a number of research analyst reports. Roth Mkm reissued a “buy” rating and issued a $6.50 price target (up from $6.00) on shares of Mama’s Creations in a report on Thursday, April 25th. Lake Street Capital increased their target price on shares of Mama’s Creations from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Roth Capital reaffirmed a “buy” rating on shares of Mama’s Creations in a report on Thursday, February 1st. Finally, TheStreet raised Mama’s Creations from a “c+” rating to a “b-” rating in a report on Thursday, February 22nd.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MAMA. Wasatch Advisors LP purchased a new stake in shares of Mama’s Creations during the fourth quarter worth $19,069,000. Bard Associates Inc. bought a new position in Mama’s Creations in the 4th quarter worth about $5,688,000. Heartland Advisors Inc. bought a new position in Mama’s Creations in the 4th quarter worth about $4,664,000. Thompson Siegel & Walmsley LLC purchased a new position in Mama’s Creations during the 4th quarter valued at about $3,389,000. Finally, Russell Investments Group Ltd. increased its position in shares of Mama’s Creations by 185.4% during the first quarter. Russell Investments Group Ltd. now owns 790,987 shares of the company’s stock valued at $3,955,000 after buying an additional 513,824 shares during the period. 45.18% of the stock is currently owned by hedge funds and other institutional investors.

Mama’s Creations Trading Down 1.1 %

NASDAQ:MAMA opened at $6.88 on Monday. Mama’s Creations has a 52 week low of $2.28 and a 52 week high of $7.02. The firm has a 50-day moving average price of $5.52 and a two-hundred day moving average price of $4.78. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.21 and a current ratio of 1.41. The firm has a market cap of $256.35 million, a price-to-earnings ratio of 38.22 and a beta of 1.04.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Mama’s Creations had a return on equity of 39.00% and a net margin of 6.35%. The business had revenue of $26.73 million for the quarter, compared to analyst estimates of $25.07 million. On average, equities analysts expect that Mama’s Creations will post 0.15 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.