Analysts Set Mama’s Creations, Inc. (NASDAQ:MAMA) Price Target at $17.60

Mama’s Creations, Inc. (NASDAQ:MAMA) has received an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $17.60.

A number of brokerages have recently issued reports on MAMA. DA Davidson increased their price target on shares of Mama’s Creations from $18.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Lake Street Capital upped their target price on shares of Mama’s Creations from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Maxim Group set a $20.00 target price on shares of Mama’s Creations in a report on Tuesday, December 9th. Roth Mkm boosted their price target on Mama’s Creations from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Finally, Craig Hallum upped their price target on Mama’s Creations from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th.

Mama’s Creations Trading Up 6.3%

NASDAQ MAMA opened at $15.89 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.85 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $645.93 million, a P/E ratio of 144.47 and a beta of 0.80. Mama’s Creations has a 52-week low of $5.50 and a 52-week high of $16.68. The firm has a 50-day moving average price of $14.32 and a 200 day moving average price of $11.67.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new position in shares of Mama’s Creations during the 4th quarter worth $63,000. Walleye Capital LLC acquired a new position in Mama’s Creations in the second quarter valued at $87,000. Prudential Financial Inc. acquired a new position in Mama’s Creations in the second quarter valued at $100,000. Verition Fund Management LLC purchased a new position in Mama’s Creations during the third quarter worth about $105,000. Finally, Envestnet Asset Management Inc. purchased a new position in Mama’s Creations during the third quarter worth about $117,000. 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. 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.