Mama’s Creations, Inc. (NASDAQ:MAMA) Receives $14.25 Consensus PT from Analysts

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, 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 1-year price target among analysts that have issued a report on the stock in the last year is $14.25.

Several research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mama’s Creations in a research report on Tuesday, November 11th. Wall Street Zen cut shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Lake Street Capital boosted their target price on shares of Mama’s Creations from $11.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. Zacks Research cut shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, DA Davidson reissued a “buy” rating and issued a $18.00 price objective on shares of Mama’s Creations in a research report on Tuesday, October 14th.

Mama’s Creations Trading Up 0.3%

Shares of NASDAQ:MAMA opened at $10.06 on Wednesday. The company’s 50-day moving average price is $10.53 and its two-hundred day moving average price is $9.02. Mama’s Creations has a one year low of $5.50 and a one year high of $11.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.15. The stock has a market capitalization of $407.42 million, a PE ratio of 91.46 and a beta of 0.68.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings data on Monday, September 8th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. Mama’s Creations had a return on equity of 17.41% and a net margin of 3.34%.The company had revenue of $35.20 million during the quarter, compared to analysts’ expectations of $33.18 million. During the same quarter last year, the company earned $0.03 EPS. On average, equities analysts forecast that Mama’s Creations will post 0.09 EPS for the current fiscal year.

Insider Transactions at Mama’s Creations

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 65,220 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $10.89, for a total transaction of $710,245.80. Following the transaction, the chief executive officer owned 598,660 shares of the company’s stock, valued at $6,519,407.40. The trade was a 9.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shirley Romig sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $10.18, for a total value of $40,720.00. Following the completion of the sale, the director owned 17,139 shares in the company, valued at $174,475.02. This represents a 18.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 72,732 shares of company stock valued at $788,544 in the last quarter. 6.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mama’s Creations

Several hedge funds have recently added to or reduced their stakes in MAMA. Wesbanco Bank Inc. lifted its position in Mama’s Creations by 75.0% during the second quarter. Wesbanco Bank Inc. now owns 136,500 shares of the company’s stock worth $1,133,000 after acquiring an additional 58,500 shares during the last quarter. Nuveen LLC acquired a new position in shares of Mama’s Creations in the first quarter valued at approximately $388,000. Strs Ohio bought a new position in shares of Mama’s Creations during the first quarter worth approximately $284,000. Calamos Advisors LLC increased its stake in shares of Mama’s Creations by 48.2% during the second 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 during the period. Finally, Diamond Hill Capital Management Inc. lifted its holdings in Mama’s Creations by 36.1% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 558,579 shares of the company’s stock worth $3,636,000 after purchasing an additional 148,147 shares during the last quarter. Institutional investors and hedge funds 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.