Mama’s Creations (NASDAQ:MAMA) Reaches New 12-Month High – Here’s Why

Mama’s Creations, Inc. (NASDAQ:MAMA)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $15.57 and last traded at $15.09, with a volume of 79011 shares changing hands. The stock had previously closed at $15.17.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MAMA shares. Weiss Ratings restated a “hold (c+)” rating on shares of Mama’s Creations in a research note on Monday, December 29th. Craig Hallum lifted their target price on shares of Mama’s Creations from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Wall Street Zen upgraded shares of Mama’s Creations from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Lake Street Capital raised their price objective on Mama’s Creations from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Finally, Maxim Group set a $20.00 price target on shares of Mama’s Creations in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $17.60.

Mama’s Creations Price Performance

The company has a current ratio of 1.85, a quick ratio of 1.38 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is $13.20 and its 200-day moving average is $10.90. The firm has a market capitalization of $626.01 million, a price-to-earnings ratio of 139.51 and a beta of 0.80.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings results on Monday, December 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $47.27 million during the quarter, compared to the consensus estimate of $43.21 million. Mama’s Creations had a return on equity of 16.72% and a net margin of 3.08%.During the same quarter last year, the firm posted $0.01 EPS. Equities research analysts anticipate that Mama’s Creations, Inc. will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MAMA. State of Alaska Department of Revenue bought a new position in Mama’s Creations during the fourth quarter worth about $63,000. Walleye Capital LLC acquired a new stake in shares of Mama’s Creations in the 2nd quarter valued at $87,000. Prudential Financial Inc. acquired a new stake in Mama’s Creations in the second quarter valued at about $100,000. Verition Fund Management LLC acquired a new position in Mama’s Creations during the 3rd quarter worth approximately $105,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Mama’s Creations during the third quarter worth $117,000. Institutional investors own 45.18% of the company’s stock.

About Mama’s Creations

Mama’s Creations, Inc engages in the marketing, manufacturing, and distribution of beef meatballs with sauce, turkey meatballs with sauce, beef meat loaf, sausage and peppers, chicken parmesan, and other similar meats and sauces. Its products include beef meatballs, turkey meatballs, stuffed meatballs, lasagna roll ups, retail ready meals, bulk deli, single-size pasta bowls, and packaged refrigerated products. Its brands include MamaMancini’s, Creative Salads, and The Olive Branch. The company was founded by Daniel Dougherty on July 22, 2009 and is headquartered in East Rutherford, NJ.