Brokerages Set Mama’s Creations, Inc. (NASDAQ:MAMA) Price Target at $10.00

Mama’s Creations, Inc. (NASDAQ:MAMA) has been assigned an average rating of “Buy” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $10.00.

MAMA has been the subject of several research reports. Craig Hallum raised their price target on shares of Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Roth Mkm restated a “buy” rating and set a $10.00 price target (up from $8.50) on shares of Mama’s Creations in a report on Wednesday, September 11th.

Insider Activity at Mama’s Creations

In related news, CEO Adam Laurance Michaels sold 65,898 shares of the firm’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 transaction, the chief executive officer now owns 543,260 shares of the company’s stock, valued at approximately $4,030,989.20. This trade represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 10.00% of the company’s stock.

Hedge Funds Weigh In On Mama’s Creations

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in shares of Mama’s Creations in the first quarter valued at approximately $56,000. Russell Investments Group Ltd. raised its position in shares of Mama’s Creations by 185.4% in the first quarter. Russell Investments Group Ltd. now owns 790,987 shares of the company’s stock valued at $3,955,000 after purchasing an additional 513,824 shares during the period. First Eagle Investment Management LLC bought a new position in shares of Mama’s Creations in the first quarter valued at approximately $1,164,000. Vanguard Group Inc. raised its position in shares of Mama’s Creations by 3.2% in the first quarter. Vanguard Group Inc. now owns 1,479,944 shares of the company’s stock valued at $7,400,000 after purchasing an additional 45,500 shares during the period. Finally, Aristides Capital LLC raised its position in shares of Mama’s Creations by 34.1% in the first quarter. Aristides Capital LLC now owns 157,258 shares of the company’s stock valued at $786,000 after purchasing an additional 40,000 shares during the period. Institutional investors own 45.18% of the company’s stock.

Mama’s Creations Stock Performance

Shares of MAMA opened at $7.73 on Monday. Mama’s Creations has a one year low of $3.46 and a one year high of $8.69. The company has a 50-day moving average of $7.81 and a two-hundred day moving average of $7.42. The stock has a market cap of $290.49 million, a price-to-earnings ratio of 59.47 and a beta of 1.04. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.17.

Mama’s Creations (NASDAQ:MAMA) last announced its earnings results on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $28.38 million during the quarter, compared to analysts’ expectations of $27.80 million. Mama’s Creations had a net margin of 4.51% and a return on equity of 25.53%. During the same period last year, the company posted $0.05 earnings per share. On average, equities research analysts expect that Mama’s Creations will post 0.14 earnings per share for the current year.

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.