Mama’s Creations, Inc. (NASDAQ:MAMA) Receives Average Rating of “Buy” from Brokerages

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have been given a consensus recommendation of “Buy” by the six research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $17.60.

Several research firms recently commented on MAMA. Craig Hallum upped their price objective on Mama’s Creations from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Mama’s Creations in a research note on Monday, December 29th. Lake Street Capital increased their price target on Mama’s Creations from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. DA Davidson lifted their price objective on Mama’s Creations from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Finally, Maxim Group set a $20.00 price objective on shares of Mama’s Creations in a report on Tuesday, December 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Grandeur Peak Global Advisors LLC lifted its position in shares of 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 worth $9,618,000 after acquiring an additional 91,857 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Mama’s Creations by 16.1% in the second quarter. Russell Investments Group Ltd. now owns 732,587 shares of the company’s stock valued at $6,080,000 after purchasing an additional 101,471 shares in the last quarter. Geode Capital Management LLC raised its stake 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 period. Calamos Advisors LLC lifted its holdings in Mama’s Creations by 48.2% during the 2nd quarter. Calamos Advisors LLC now owns 356,862 shares of the company’s stock worth $2,962,000 after purchasing an additional 116,110 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Mama’s Creations by 340.8% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 78,230 shares of the company’s stock worth $649,000 after purchasing an additional 60,484 shares during the period. 45.18% of the stock is owned by institutional investors.

Mama’s Creations Price Performance

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

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings data on Monday, December 8th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. Mama’s Creations had a net margin of 3.08% and a return on equity of 16.72%. The business had revenue of $47.27 million for the quarter, compared to analyst estimates of $43.21 million. During the same quarter in the previous year, the firm posted $0.01 earnings per share. On average, research analysts expect that Mama’s Creations will post 0.09 EPS for the current year.

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.