Mama’s Creations, Inc. (NASDAQ:MAMA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $17.60.

A number of equities analysts have recently commented on MAMA shares. Lake Street Capital lifted their price target on shares of Mama’s Creations from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Roth Mkm lifted their target price on shares of Mama’s Creations from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Maxim Group set a $20.00 target price on shares of Mama’s Creations in a research report on Tuesday, December 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Mama’s Creations in a research report on Monday, December 29th. Finally, DA Davidson boosted their price objective on Mama’s Creations from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th.

Institutional Investors Weigh In On Mama’s Creations

Several hedge funds have recently modified their holdings of MAMA. State of Alaska Department of Revenue bought a new position in Mama’s Creations during the fourth quarter worth $63,000. Walleye Capital LLC bought a new stake in Mama’s Creations in the 2nd quarter valued at $87,000. Prudential Financial Inc. acquired a new stake in Mama’s Creations in the 2nd quarter worth $100,000. Verition Fund Management LLC bought a new position in shares of Mama’s Creations during the 3rd quarter worth about $105,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Mama’s Creations during the third quarter valued at about $117,000. 45.18% of the stock is owned by institutional investors.

Mama’s Creations Price Performance

Shares of NASDAQ:MAMA opened at $14.95 on Friday. Mama’s Creations has a fifty-two week low of $5.50 and a fifty-two week high of $16.68. The business has a 50-day moving average of $14.27 and a two-hundred day moving average of $11.57. The stock has a market capitalization of $607.72 million, a P/E ratio of 135.92 and a beta of 0.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.85 and a quick ratio of 1.38.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings data on Monday, December 8th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Mama’s Creations had a return on equity of 16.72% and a net margin of 3.08%.The business had revenue of $47.27 million for the quarter, compared to analyst estimates of $43.21 million. During the same quarter in the prior year, the firm posted $0.01 EPS. On average, equities research analysts predict that Mama’s Creations will post 0.09 EPS for the current fiscal year.

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.