Mama’s Creations (NASDAQ:MAMA) Price Target Raised to $7.00

Mama’s Creations (NASDAQ:MAMA) had its target price lifted by Lake Street Capital from $6.00 to $7.00 in a report issued on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

MAMA has been the subject of a number of other reports. Roth Mkm restated a buy rating and set a $6.50 price objective (up from $6.00) on shares of Mama’s Creations in a research report on Thursday. TheStreet upgraded shares of Mama’s Creations from a c+ rating to a b- rating in a report on Thursday, February 22nd. Finally, Roth Capital reaffirmed a buy rating on shares of Mama’s Creations in a research note on Thursday, February 1st. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Mama’s Creations currently has an average rating of Buy and an average target price of $7.88.

Mama’s Creations Price Performance

Shares of NASDAQ:MAMA opened at $6.00 on Thursday. The firm has a market cap of $223.56 million, a PE ratio of 33.33 and a beta of 1.08. Mama’s Creations has a 52 week low of $1.83 and a 52 week high of $6.07. The firm’s fifty day moving average is $4.95 and its 200-day moving average is $4.43. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.21 and a current ratio of 1.41.

Institutional Investors Weigh In On Mama’s Creations

A number of hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP bought a new position in shares of Mama’s Creations during the 4th quarter worth approximately $19,069,000. Bard Associates Inc. bought a new position in Mama’s Creations during the fourth quarter worth $5,688,000. Heartland Advisors Inc. bought a new position in Mama’s Creations during the fourth quarter worth $4,664,000. Thompson Siegel & Walmsley LLC acquired a new stake in Mama’s Creations in the fourth quarter worth $3,389,000. Finally, Rice Hall James & Associates LLC acquired a new position in shares of Mama’s Creations during the first quarter valued at about $2,121,000. 45.18% of the stock is currently owned by institutional investors.

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.