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

Mama’s Creations, Inc. (NASDAQ:MAMA) has received an average rating of “Buy” from the five ratings firms that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have issued a report on the stock in the last year is $10.00.

Several research analysts recently commented on MAMA shares. 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 report on Wednesday, September 11th. Craig Hallum raised their price target on Mama’s Creations from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, September 11th.

Insider Buying and Selling at Mama’s Creations

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 65,898 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $7.42, for a total value of $488,963.16. Following the sale, the chief executive officer now directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MAMA. Vanguard Group Inc. raised its position in Mama’s Creations by 3.2% in the first quarter. Vanguard Group Inc. now owns 1,479,944 shares of the company’s stock worth $7,400,000 after purchasing an additional 45,500 shares in the last quarter. Portolan Capital Management LLC lifted its stake 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 valued at $6,961,000 after acquiring an additional 609,605 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Mama’s Creations by 7.7% during the third quarter. Geode Capital Management LLC now owns 755,491 shares of the company’s stock worth $5,516,000 after acquiring an additional 53,850 shares during the last quarter. Annex Advisory Services LLC boosted its position in shares of Mama’s Creations by 693.5% during the 3rd quarter. Annex Advisory Services LLC now owns 714,308 shares of the company’s stock valued at $5,214,000 after purchasing an additional 624,289 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its position in Mama’s Creations by 166.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 619,376 shares of the company’s stock valued at $4,175,000 after buying an additional 386,542 shares in the last quarter. Institutional investors own 45.18% of the company’s stock.

Mama’s Creations Stock Performance

NASDAQ MAMA opened at $9.49 on Friday. The company has a market capitalization of $356.61 million, a P/E ratio of 73.00 and a beta of 1.10. Mama’s Creations has a 12-month low of $3.50 and a 12-month high of $9.98. The company has a quick ratio of 1.17, a current ratio of 1.37 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $8.40 and a two-hundred day moving average price of $7.76.

Mama’s Creations (NASDAQ:MAMA) last released 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. Mama’s Creations had a return on equity of 25.53% and a net margin of 4.51%. The business had revenue of $28.38 million during the quarter, compared to analysts’ expectations of $27.80 million. During the same quarter last year, the firm posted $0.05 earnings per share. Analysts anticipate 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.