Mama’s Creations (NASDAQ:MAMA) Given New $13.00 Price Target at Roth Capital

Mama’s Creations (NASDAQ:MAMA) had its price target lifted by Roth Capital from $10.00 to $13.00 in a report issued on Tuesday, Marketbeat.com reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also weighed in on MAMA. Zacks Research lowered shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Lake Street Capital raised their target price on Mama’s Creations from $11.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Wall Street Zen downgraded Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $12.25.

Mama’s Creations Stock Performance

Shares of MAMA stock opened at $9.45 on Tuesday. The company has a market capitalization of $355.41 million, a P/E ratio of 85.92 and a beta of 0.65. The business’s 50 day moving average is $8.68 and its two-hundred day moving average is $7.54. The company has a current ratio of 1.29, a quick ratio of 1.01 and a debt-to-equity ratio of 0.07. Mama’s Creations has a 12-month low of $5.50 and a 12-month high of $9.98.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings results on Monday, September 8th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $35.20 million for the quarter, compared to the consensus estimate of $33.18 million. Mama’s Creations had a return on equity of 18.26% and a net margin of 3.34%.During the same quarter in the prior year, the business posted $0.03 earnings per share. Analysts expect that Mama’s Creations will post 0.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Mama’s Creations

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in Mama’s Creations by 32.1% during the fourth quarter. Bank of America Corp DE now owns 33,882 shares of the company’s stock worth $270,000 after buying an additional 8,242 shares in the last quarter. Rhumbline Advisers lifted its position in Mama’s Creations by 5.0% during the first quarter. Rhumbline Advisers now owns 44,699 shares of the company’s stock worth $291,000 after buying an additional 2,146 shares in the last quarter. Deutsche Bank AG lifted its position in Mama’s Creations by 3,085.4% during the fourth quarter. Deutsche Bank AG now owns 26,407 shares of the company’s stock worth $210,000 after buying an additional 25,578 shares in the last quarter. Northern Trust Corp lifted its position in Mama’s Creations by 2.6% during the fourth quarter. Northern Trust Corp now owns 268,933 shares of the company’s stock worth $2,141,000 after buying an additional 6,728 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Mama’s Creations during the 4th quarter worth approximately $68,000. Hedge funds and other institutional investors own 45.18% of the company’s stock.

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.