Lake Street Capital Boosts Mama’s Creations (NASDAQ:MAMA) Price Target to $11.00

Mama’s Creations (NASDAQ:MAMA) had its target price boosted by research analysts at Lake Street Capital from $10.00 to $11.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Lake Street Capital’s price objective points to a potential upside of 41.75% from the company’s current price.

A number of other brokerages have also commented on MAMA. Craig Hallum boosted their price objective on 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 reissued a “buy” rating and issued a $10.00 price target (up from $8.50) on shares of Mama’s Creations in a research report on Wednesday, September 11th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Mama’s Creations has an average rating of “Buy” and an average price target of $10.50.

Mama’s Creations Stock Performance

NASDAQ MAMA opened at $7.76 on Tuesday. The company has a market cap of $291.60 million, a P/E ratio of 59.70 and a beta of 1.10. The company has a fifty day simple moving average of $8.46 and a 200 day simple moving average of $7.81. 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 has a 12-month low of $4.01 and a 12-month high of $9.98.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings data on Monday, December 16th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Mama’s Creations had a net margin of 4.51% and a return on equity of 25.53%. During the same quarter last year, the firm earned $0.05 EPS. Sell-side analysts predict that Mama’s Creations will post 0.14 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Adam Laurance Michaels sold 65,898 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $7.42, for a total value of $488,963.16. Following the transaction, the chief executive officer now directly 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 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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in shares of Mama’s Creations by 35.1% in the 3rd quarter. Barclays PLC now owns 47,055 shares of the company’s stock worth $343,000 after purchasing an additional 12,213 shares during the period. Geode Capital Management LLC increased its position in Mama’s Creations by 7.7% in the third quarter. Geode Capital Management LLC now owns 755,491 shares of the company’s stock worth $5,516,000 after buying an additional 53,850 shares during the last quarter. State Street Corp raised its stake in shares of Mama’s Creations by 20.7% in 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 during the period. Portolan Capital Management LLC lifted its position in shares of Mama’s Creations by 177.2% during the 3rd quarter. Portolan Capital Management LLC now owns 953,629 shares of the company’s stock valued at $6,961,000 after buying an additional 609,605 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Mama’s Creations by 32.7% during the 3rd quarter. Janus Henderson Group PLC now owns 31,512 shares of the company’s stock worth $230,000 after acquiring an additional 7,762 shares during the period. 45.18% of the stock is currently owned by hedge funds and other institutional investors.

About Mama’s Creations

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.