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

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have received an average rating of “Buy” from the six ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $17.60.

MAMA has been the subject of several research analyst reports. Lake Street Capital lifted their price objective on Mama’s Creations from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Maxim Group set a $20.00 price target on Mama’s Creations in a research report on Tuesday, December 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Mama’s Creations in a report on Monday, December 29th. Craig Hallum raised their target price on shares of Mama’s Creations from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Finally, Roth Mkm lifted their target price on shares of Mama’s Creations from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th.

Mama’s Creations Price Performance

Shares of NASDAQ:MAMA opened at $14.76 on Monday. The company has a 50 day moving average of $12.81 and a 200 day moving average of $10.76. The company has a current ratio of 1.85, a quick ratio of 1.38 and a debt-to-equity ratio of 0.11. The stock has a market cap of $599.99 million, a P/E ratio of 134.19 and a beta of 0.80. Mama’s Creations has a 12 month low of $5.50 and a 12 month high of $15.30.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings results on Monday, December 8th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $47.27 million during the quarter, compared to the consensus estimate of $43.21 million. Mama’s Creations had a net margin of 3.08% and a return on equity of 16.72%. During the same period last year, the firm earned $0.01 EPS. As a group, sell-side analysts forecast that Mama’s Creations will post 0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Grandeur Peak Global Advisors LLC raised its position in Mama’s Creations by 8.6% during the second quarter. Grandeur Peak Global Advisors LLC now owns 1,158,781 shares of the company’s stock valued at $9,618,000 after purchasing an additional 91,857 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Mama’s Creations by 16.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 732,587 shares of the company’s stock worth $6,080,000 after purchasing an additional 101,471 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Mama’s Creations by 7.2% during the 2nd quarter. Geode Capital Management LLC now owns 821,094 shares of the company’s stock valued at $6,816,000 after purchasing an additional 55,173 shares during the last quarter. Calamos Advisors LLC raised its holdings in shares of Mama’s Creations by 48.2% during the 2nd quarter. Calamos Advisors LLC now owns 356,862 shares of the company’s stock valued at $2,962,000 after buying an additional 116,110 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Mama’s Creations by 340.8% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 78,230 shares of the company’s stock valued at $649,000 after buying an additional 60,484 shares in the last quarter. 45.18% of the stock is currently owned by hedge funds and other institutional investors.

Mama’s Creations Company Profile

Mama’s Creations, Inc engages in the marketing, manufacturing, and distribution of beef meatballs with sauce, turkey meatballs with sauce, beef meat loaf, sausage and peppers, chicken parmesan, and other similar meats and sauces. Its products include beef meatballs, turkey meatballs, stuffed meatballs, lasagna roll ups, retail ready meals, bulk deli, single-size pasta bowls, and packaged refrigerated products. Its brands include MamaMancini’s, Creative Salads, and The Olive Branch. The company was founded by Daniel Dougherty on July 22, 2009 and is headquartered in East Rutherford, NJ.