Brokerages Set Mama’s Creations, Inc. (NASDAQ:MAMA) Price Target at $17.60

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have earned an average rating of “Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $17.60.

Several research firms have recently weighed in on MAMA. Craig Hallum increased their price target on Mama’s Creations from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Roth Mkm boosted their price objective on Mama’s Creations from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. DA Davidson upped their price objective on shares of Mama’s Creations from $18.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Lake Street Capital increased their target price on shares of Mama’s Creations from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Finally, Wall Street Zen downgraded shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th.

Mama’s Creations Price Performance

Shares of NASDAQ MAMA opened at $14.74 on Tuesday. 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 stock has a fifty day simple moving average of $15.51 and a two-hundred day simple moving average of $12.83. Mama’s Creations has a 1-year low of $6.07 and a 1-year high of $17.85. The firm has a market cap of $599.23 million, a price-to-earnings ratio of 134.01 and a beta of 0.78.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new stake in Mama’s Creations during the 4th quarter valued at $63,000. Walleye Capital LLC bought a new position in shares of Mama’s Creations in the second quarter worth $87,000. Prudential Financial Inc. bought a new position in shares of Mama’s Creations in the second quarter worth $100,000. Verition Fund Management LLC purchased a new position in shares of Mama’s Creations in the third quarter valued at $105,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Mama’s Creations in the third quarter valued at $117,000. 45.18% of the stock is currently owned by hedge funds and other institutional investors.

Mama’s Creations Company Profile

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.