Mama’s Creations, Inc. (NASDAQ:MAMA) Receives $10.00 Consensus PT from Analysts

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have received a consensus rating of “Buy” from the five analysts that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have issued a report on the stock in the last year is $10.00.

A number of research analysts have recently commented on the company. Roth Mkm reiterated a “buy” rating and issued a $10.00 price objective (up previously from $8.50) on shares of Mama’s Creations in a report on Wednesday, September 11th. Craig Hallum upped their price target on Mama’s Creations from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, September 11th.

Insider Transactions at Mama’s Creations

In related news, CEO Adam Laurance Michaels sold 65,898 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $7.42, for a total transaction of $488,963.16. Following the completion of the sale, the chief executive officer now owns 543,260 shares in the company, valued at $4,030,989.20. This represents a 10.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 10.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of Mama’s Creations by 35.1% in the third quarter. Barclays PLC now owns 47,055 shares of the company’s stock valued at $343,000 after purchasing an additional 12,213 shares during the period. Geode Capital Management LLC grew its position in Mama’s Creations by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 755,491 shares of the company’s stock valued at $5,516,000 after buying an additional 53,850 shares during the last quarter. State Street Corp increased its stake in Mama’s Creations by 20.7% in the 3rd quarter. State Street Corp now owns 489,623 shares of the company’s stock valued at $3,574,000 after buying an additional 84,050 shares during the period. Portolan Capital Management LLC increased its stake 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. Finally, Janus Henderson Group PLC raised its position in Mama’s Creations by 32.7% during the 3rd quarter. Janus Henderson Group PLC now owns 31,512 shares of the company’s stock worth $230,000 after buying an additional 7,762 shares during the last quarter. 45.18% of the stock is currently owned by institutional investors and hedge funds.

Mama’s Creations Trading Up 4.8 %

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

Mama’s Creations (NASDAQ:MAMA) last posted its 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. The firm had revenue of $28.38 million for the quarter, compared to analyst estimates of $27.80 million. Mama’s Creations had a return on equity of 25.53% and a net margin of 4.51%. During the same quarter in the prior year, the company posted $0.05 earnings per share. Equities analysts predict that Mama’s Creations will post 0.14 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.