Mama’s Creations (NASDAQ:MAMA) Price Target Raised to $15.00

by · The Markets Daily

Mama’s Creations (NASDAQ:MAMA – Free Report) had its target price upped by Lake Street Capital from $11.00 to $15.00 in a research note issued to investors on Tuesday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on MAMA. Roth Capital restated a “buy” rating and issued a $10.00 price target (up from $9.00) on shares of Mama’s Creations in a report on Wednesday, June 4th. Wall Street Zen downgraded Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Finally, Zacks Research downgraded Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.00.

Get Our Latest Stock Analysis on Mama’s Creations

Mama’s Creations Trading Down 0.6%

NASDAQ:MAMA opened at $9.60 on Tuesday. Mama’s Creations has a 1-year low of $5.50 and a 1-year high of $9.98. The business’s 50-day moving average price is $8.71 and its two-hundred day moving average price is $7.58. The company has a current ratio of 1.58, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $388.80 million, a price-to-earnings ratio of 87.28 and a beta of 0.65.

Mama’s Creations (NASDAQ:MAMA – Get Free Report) last released its earnings results 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 firm had revenue of $35.20 million for the quarter, compared to analyst estimates of $33.18 million. During the same quarter in the prior year, the firm posted $0.03 earnings per share. On average, equities analysts expect that Mama’s Creations will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. State of Wyoming grew its stake in Mama’s Creations by 45.5% in the second quarter. State of Wyoming now owns 23,405 shares of the company’s stock valued at $194,000 after purchasing an additional 7,324 shares in the last quarter. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Mama’s Creations during the 2nd quarter worth approximately $2,047,000. Bank of America Corp DE boosted its stake in Mama’s Creations by 24.4% in the 2nd quarter. Bank of America Corp DE now owns 29,122 shares of the company’s stock valued at $242,000 after purchasing an additional 5,717 shares during the period. Walleye Capital LLC bought a new stake in Mama’s Creations in the 2nd quarter valued at $87,000. Finally, Invesco Ltd. boosted its stake in Mama’s Creations by 29.5% in the 2nd quarter. Invesco Ltd. now owns 20,184 shares of the company’s stock valued at $168,000 after purchasing an additional 4,600 shares during the period. 45.18% of the stock is currently owned by institutional investors.

Mama’s Creations Company Profile

(Get Free Report)

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.

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