Brokerages Set Mama’s Creations, Inc. (NASDAQ:MAMA) Target Price at $7.88

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have been assigned a consensus rating of “Buy” from the five research firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have covered the stock in the last year is $7.88.

MAMA has been the subject of a number of research analyst reports. TheStreet raised shares of Mama’s Creations from a “c+” rating to a “b-” rating in a research note on Thursday, February 22nd. Lake Street Capital upped their price objective on Mama’s Creations from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday. Roth Capital reiterated a “buy” rating on shares of Mama’s Creations in a research report on Thursday, February 1st. Finally, Roth Mkm restated a “buy” rating and set a $6.50 target price (up previously from $6.00) on shares of Mama’s Creations in a research report on Thursday.

Mama’s Creations Stock Up 8.3 %

Shares of NASDAQ MAMA opened at $6.00 on Thursday. Mama’s Creations has a 12-month low of $1.83 and a 12-month high of $6.07. The firm’s 50-day simple moving average is $4.95 and its 200 day simple moving average is $4.43. The company has a quick ratio of 1.24, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. The company has a market cap of $223.56 million, a price-to-earnings ratio of 33.33 and a beta of 1.08.

Institutional Trading of Mama’s Creations

Several institutional investors and hedge funds have recently made changes to their positions in the business. Worth Venture Partners LLC bought a new position in shares of Mama’s Creations in the 4th quarter worth $63,000. Quadrature Capital Ltd acquired a new position in Mama’s Creations in the fourth quarter valued at about $182,000. B. Riley Wealth Advisors Inc. bought a new position in Mama’s Creations during the fourth quarter worth about $191,000. Pinnacle Holdings LLC bought a new position in Mama’s Creations during the fourth quarter worth about $236,000. Finally, Jump Financial LLC acquired a new position in shares of Mama’s Creations during the 4th quarter worth about $323,000. Institutional investors own 45.18% of the company’s stock.

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.