Mama’s Creations, Inc. (NASDAQ:MAMA) Stock Has Consensus Target Price of $20.00 According to Analysts

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have received an average recommendation of “Buy” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $20.00.

MAMA has been the subject of several research analyst reports. Benchmark began coverage on shares of Mama’s Creations in a research note on Tuesday, July 21st. They issued a “buy” rating and a $25.00 price objective for the company. Wall Street Zen lowered shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. William Blair began coverage on shares of Mama’s Creations in a report on Friday, July 24th. They issued an “outperform” rating for the company. Lake Street Capital reaffirmed a “buy” rating and issued a $22.00 price target on shares of Mama’s Creations in a research note on Friday, September 4th. Finally, Weiss Ratings upgraded shares of Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 29th.

Mama’s Creations Stock Down 0.9%

Shares of Mama’s Creations stock opened at $12.82 on Friday. The stock’s 50-day moving average is $15.69 and its 200 day moving average is $15.75. Mama’s Creations has a one year low of $9.90 and a one year high of $21.00. The firm has a market cap of $604.46 million, a price-to-earnings ratio of 75.41 and a beta of 0.56. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.93 and a quick ratio of 6.48.

Mama’s Creations (NASDAQ:MAMA) last issued its earnings results on Thursday, September 3rd. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $54.58 million during the quarter, compared to the consensus estimate of $52.85 million. Mama’s Creations had a return on equity of 10.05% and a net margin of 3.53%. Equities research analysts anticipate that Mama’s Creations will post 0.25 EPS for the current year.

Insider Buying and Selling

In related news, CEO Adam Michaels sold 69,683 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $13.31, for a total transaction of $927,480.73. Following the transaction, the chief executive officer directly owned 722,719 shares of the company’s stock, valued at approximately $9,619,389.89. This represents a 8.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.03% of the stock is owned by insiders.

Institutional Investors Weigh In On Mama’s Creations

A number of hedge funds have recently added to or reduced their stakes in MAMA. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Mama’s Creations during the second quarter worth about $10,860,000. Squarepoint Ops LLC raised its holdings in shares of Mama’s Creations by 278.2% in the 2nd quarter. Squarepoint Ops LLC now owns 138,301 shares of the company’s stock worth $2,469,000 after acquiring an additional 101,736 shares during the last quarter. BlackRock Inc. bought a new position in Mama’s Creations in the 2nd quarter valued at about $42,473,000. Bank of New York Mellon Corp bought a new position in Mama’s Creations in the 2nd quarter valued at about $1,890,000. Finally, Bank of America Corp DE acquired a new position in Mama’s Creations during the 2nd quarter valued at about $4,423,000. Institutional investors and hedge funds own 45.18% of the company’s stock.

Mama’s Creations Company Profile

Mama’s Creations, Inc is a food company that develops, manufactures and distributes refrigerated and frozen prepared foods. Its product portfolio is centered on convenient, ready-to-heat and ready-to-eat items, including meatballs, stuffed shells, lasagna, eggplant Parmesan, soups, dips, salads and other deli-style foods.

The company markets products under the Mama’s Creations and Creative Salads brands, among others, and sells through grocery retailers, club stores, foodservice distributors and other retail channels.