Mama’s Creations (NASDAQ:MAMA) Reaches New 52-Week High – What’s Next?

Mama’s Creations, Inc. (NASDAQ:MAMA)’s stock price reached a new 52-week high on Friday . The company traded as high as $15.57 and last traded at $15.09, with a volume of 79011 shares changing hands. The stock had previously closed at $15.17.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Craig Hallum raised their price target on Mama’s Creations from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Roth Mkm boosted their target price on shares of Mama’s Creations from $13.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Maxim Group set a $20.00 price target on shares of Mama’s Creations in a research report on Tuesday, December 9th. Zacks Research upgraded shares of Mama’s Creations from a “hold” rating to a “strong-buy” rating in a report on Friday, December 19th. Finally, Lake Street Capital boosted their price objective on shares of Mama’s Creations from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $17.60.

Mama’s Creations Stock Down 0.5%

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 capitalization of $613.82 million, a P/E ratio of 137.29 and a beta of 0.80. The stock has a fifty day moving average price of $13.29 and a two-hundred day moving average price of $10.96.

Mama’s Creations (NASDAQ:MAMA) last issued its earnings results on Monday, December 8th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm 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 period last year, the company earned $0.01 earnings per share. Research analysts forecast that Mama’s Creations, Inc. will post 0.09 EPS for the current year.

Hedge Funds Weigh In On Mama’s Creations

Several institutional investors and hedge funds have recently bought and sold shares of MAMA. State of Alaska Department of Revenue acquired a new position in Mama’s Creations in the fourth quarter worth approximately $63,000. SG Americas Securities LLC bought a new stake in Mama’s Creations in the fourth quarter worth approximately $119,000. Verition Fund Management LLC bought a new stake in Mama’s Creations in the third quarter worth approximately $105,000. Walleye Capital LLC acquired a new position in shares of Mama’s Creations during the 2nd quarter worth $87,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Mama’s Creations during the 3rd quarter valued at $117,000. Hedge funds and other institutional investors own 45.18% of the company’s stock.

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.