Brokerages Set Mama’s Creations, Inc. (NASDAQ:MAMA) Target Price at $18.80

Mama’s Creations, Inc. (NASDAQ:MAMA) has been given an average rating of “Buy” by the seven research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $19.8333.

A number of analysts have commented on MAMA shares. DA Davidson reiterated a “buy” rating and issued a $25.00 price target on shares of Mama’s Creations in a research note on Monday, July 13th. Wall Street Zen lowered shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Benchmark started coverage on shares of Mama’s Creations in a report on Tuesday. They issued a “buy” rating and a $25.00 target price on the stock. Weiss Ratings downgraded shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Finally, Zacks Research upgraded shares of Mama’s Creations from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th.

Mama’s Creations Stock Up 2.0%

NASDAQ:MAMA opened at $17.22 on Monday. Mama’s Creations has a twelve month low of $7.88 and a twelve month high of $21.00. The firm has a market capitalization of $704.99 million, a price-to-earnings ratio of 123.00 and a beta of 0.56. The company has a quick ratio of 1.90, a current ratio of 2.32 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average price is $16.54 and its two-hundred day moving average price is $15.53.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings data on Monday, June 8th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $52.77 million during the quarter, compared to the consensus estimate of $51.63 million. Mama’s Creations had a return on equity of 14.69% and a net margin of 3.21%.During the same quarter in the prior year, the firm posted $0.03 EPS. Equities research analysts expect that Mama’s Creations will post 0.26 earnings per share for the current fiscal year.

Institutional Trading of Mama’s Creations

Hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue acquired a new position in shares of Mama’s Creations during the 4th quarter worth approximately $63,000. Walleye Capital LLC acquired a new stake in Mama’s Creations during the 2nd quarter valued at $87,000. Prudential Financial Inc. bought a new position in Mama’s Creations during the second quarter worth $100,000. Verition Fund Management LLC bought a new position in Mama’s Creations during the third quarter worth $105,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Mama’s Creations in the third quarter valued at $117,000. 45.18% of the stock is owned by institutional investors and hedge funds.

About Mama’s Creations

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.