Mama’s Creations, Inc. (NASDAQ:MAMA) Given Average Rating of “Buy” by Brokerages

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have been given a consensus recommendation of “Buy” by the five analysts that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have covered the stock in the last year is $10.00.

Several equities research analysts recently issued reports on the company. Craig Hallum boosted 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. Roth Mkm reaffirmed a “buy” rating and issued a $10.00 price objective (up from $8.50) on shares of Mama’s Creations in a research note on Wednesday, September 11th.

Mama’s Creations Price Performance

Shares of MAMA opened at $9.49 on Friday. The stock has a market cap of $356.61 million, a P/E ratio of 73.00 and a beta of 1.10. Mama’s Creations has a 1 year low of $3.50 and a 1 year high of $9.98. The stock’s 50-day moving average price is $8.40 and its two-hundred day moving average price is $7.76. 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $28.38 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the business earned $0.05 EPS. On average, equities analysts predict that Mama’s Creations will post 0.14 earnings per share for the current year.

Insider Buying and Selling at Mama’s Creations

In related news, CEO Adam Laurance Michaels sold 65,898 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $7.42, for a total value of $488,963.16. Following the completion of the sale, the chief executive officer now owns 543,260 shares of the company’s stock, valued at approximately $4,030,989.20. The trade was a 10.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Barclays PLC grew its position 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 last quarter. Geode Capital Management LLC increased its stake in Mama’s Creations by 7.7% during 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 period. State Street Corp boosted its stake in Mama’s Creations by 20.7% during the third 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 in the last quarter. Portolan Capital Management LLC grew its holdings in shares of Mama’s Creations by 177.2% in the 3rd quarter. Portolan Capital Management LLC now owns 953,629 shares of the company’s stock worth $6,961,000 after acquiring an additional 609,605 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Mama’s Creations by 32.7% in the 3rd quarter. Janus Henderson Group PLC now owns 31,512 shares of the company’s stock worth $230,000 after purchasing an additional 7,762 shares during the period. Institutional investors and hedge funds own 45.18% of the company’s stock.

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.