Mama’s Creations, Inc. (NASDAQ:MAMA) Receives $17.60 Average Target Price from Analysts

Mama’s Creations, Inc. (NASDAQ:MAMA) has earned a consensus recommendation of “Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $17.60.

MAMA has been the subject of several analyst reports. Lake Street Capital boosted their price target on Mama’s Creations from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Weiss Ratings upgraded Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 13th. Zacks Research raised Mama’s Creations from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Craig Hallum upped their target price 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. Finally, Wall Street Zen downgraded Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th.

Mama’s Creations Stock Performance

NASDAQ:MAMA opened at $14.98 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.85 and a quick ratio of 1.38. The firm has a market cap of $608.94 million, a PE ratio of 136.19 and a beta of 0.78. The firm has a 50 day simple moving average of $15.45 and a 200-day simple moving average of $12.70. Mama’s Creations has a 1-year low of $6.07 and a 1-year high of $17.85.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MAMA. Brown Capital Management LLC acquired a new stake in shares of Mama’s Creations during the 3rd quarter worth $7,332,000. Grandeur Peak Global Advisors LLC boosted its holdings in Mama’s Creations by 8.6% in the second quarter. Grandeur Peak Global Advisors LLC now owns 1,158,781 shares of the company’s stock valued at $9,618,000 after acquiring an additional 91,857 shares during the last quarter. Russell Investments Group Ltd. grew its position in Mama’s Creations by 16.1% during the second quarter. Russell Investments Group Ltd. now owns 732,587 shares of the company’s stock valued at $6,080,000 after acquiring an additional 101,471 shares during the period. Geode Capital Management LLC grew its position in Mama’s Creations by 7.2% during the second quarter. Geode Capital Management LLC now owns 821,094 shares of the company’s stock valued at $6,816,000 after acquiring an additional 55,173 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Mama’s Creations by 340.8% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 78,230 shares of the company’s stock worth $649,000 after acquiring an additional 60,484 shares during the last quarter. 45.18% of the stock is currently owned by hedge funds and other institutional investors.

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.