Lake Street Capital Issues Positive Forecast for Mama’s Creations (NASDAQ:MAMA) Stock Price

Mama’s Creations (NASDAQ:MAMA) had its price objective upped by Lake Street Capital from $10.00 to $11.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also recently weighed in on the stock. Roth Mkm reissued a “buy” rating and set a $10.00 price target (up previously from $8.50) on shares of Mama’s Creations in a research 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 research note on Wednesday, September 11th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $10.50.

Mama’s Creations Trading Down 14.9 %

MAMA stock opened at $8.25 on Tuesday. Mama’s Creations has a 12-month low of $3.70 and a 12-month high of $9.98. The business’s 50-day moving average is $8.46 and its 200 day moving average is $7.80. The company has a current ratio of 1.37, a quick ratio of 1.17 and a debt-to-equity ratio of 0.18. The stock has a market cap of $310.01 million, a price-to-earnings ratio of 91.67 and a beta of 1.10.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings results on Monday, December 16th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). Mama’s Creations had a return on equity of 25.53% and a net margin of 4.51%. During the same quarter in the previous year, the company earned $0.05 earnings per share. On average, sell-side analysts anticipate that Mama’s Creations will post 0.14 EPS for the current fiscal year.

Insider Transactions at Mama’s Creations

In related news, CEO Adam Laurance Michaels sold 65,898 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 543,260 shares of the company’s stock, valued at $4,030,989.20. This represents a 10.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 10.00% of the company’s stock.

Institutional Trading of Mama’s Creations

Several hedge funds have recently modified their holdings of the stock. Planning Capital Management Corp purchased a new stake in Mama’s Creations during the 3rd quarter worth about $36,000. FMR LLC grew its position in shares of Mama’s Creations by 23,422.7% during the third quarter. FMR LLC now owns 5,175 shares of the company’s stock worth $38,000 after buying an additional 5,153 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Mama’s Creations during the third quarter worth approximately $90,000. The Manufacturers Life Insurance Company acquired a new stake in Mama’s Creations in the second quarter valued at approximately $86,000. Finally, Ballentine Partners LLC acquired a new stake in Mama’s Creations in the third quarter valued at approximately $110,000. 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.