Mama’s Creations (NASDAQ:MAMA) Price Target Raised to $10.00 at Craig Hallum

Mama’s Creations (NASDAQ:MAMA) had its target price increased by equities research analysts at Craig Hallum from $9.00 to $10.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Craig Hallum’s price objective points to a potential upside of 26.42% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. Lake Street Capital upped their target price on shares of Mama’s Creations from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Roth Mkm reiterated a “buy” rating and set a $8.50 price objective (up from $6.50) on shares of Mama’s Creations in a report on Wednesday, June 12th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Mama’s Creations presently has a consensus rating of “Buy” and an average price target of $9.63.

Mama’s Creations Trading Down 1.1 %

NASDAQ:MAMA opened at $7.91 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 1.21. The business’s 50-day simple moving average is $7.73 and its 200-day simple moving average is $6.49. Mama’s Creations has a fifty-two week low of $3.31 and a fifty-two week high of $8.69. The stock has a market capitalization of $294.75 million, a PE ratio of 52.73 and a beta of 1.06.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Mama’s Creations had a net margin of 5.19% and a return on equity of 31.02%. The firm had revenue of $28.38 million for the quarter, compared to analyst estimates of $27.80 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Sell-side analysts expect that Mama’s Creations will post 0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mama’s Creations

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAMA. Bard Associates Inc. bought a new position in shares of Mama’s Creations in the 4th quarter valued at about $5,688,000. Wasatch Advisors LP bought a new position in Mama’s Creations in the fourth quarter valued at approximately $19,069,000. Perritt Capital Management Inc. acquired a new position in shares of Mama’s Creations during the 4th quarter worth approximately $1,369,000. First Eagle Investment Management LLC bought a new stake in shares of Mama’s Creations during the 1st quarter worth approximately $1,164,000. Finally, Aristides Capital LLC acquired a new stake in shares of Mama’s Creations in the 4th quarter valued at approximately $576,000. 45.18% of the stock is currently owned by institutional investors and hedge funds.

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.