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

Mama’s Creations, Inc. (NASDAQ:MAMA) has received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $17.60.

Several research analysts have weighed in on MAMA shares. Zacks Research lowered Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Lake Street Capital raised their target price 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. Wall Street Zen downgraded shares of Mama’s Creations from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Roth Mkm upped their price target on shares of Mama’s Creations from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Finally, DA Davidson lifted their price objective on shares of Mama’s Creations from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th.

Hedge Funds Weigh In On Mama’s Creations

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new stake in Mama’s Creations in the fourth quarter valued at approximately $63,000. Walleye Capital LLC bought a new position in shares of Mama’s Creations during the 2nd quarter worth approximately $87,000. Prudential Financial Inc. acquired a new position in shares of Mama’s Creations during the 2nd quarter worth approximately $100,000. Verition Fund Management LLC bought a new stake in Mama’s Creations in the 3rd quarter valued at $105,000. Finally, Envestnet Asset Management Inc. bought a new stake in Mama’s Creations in the 3rd quarter valued at $117,000. Institutional investors own 45.18% of the company’s stock.

Mama’s Creations Trading Down 1.7%

Mama’s Creations stock opened at $17.03 on Friday. The company has a market cap of $692.27 million, a price-to-earnings ratio of 154.83 and a beta of 0.80. The firm has a 50-day moving average of $14.57 and a 200-day moving average of $11.87. 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 has a one year low of $5.50 and a one year high of $17.85.

Mama’s Creations (NASDAQ:MAMA) last released its earnings results on Monday, December 8th. The company reported $0.01 earnings per share (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 the consensus estimate of $43.21 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. On average, equities analysts expect that Mama’s Creations will post 0.09 earnings per share for the current fiscal year.

Mama’s Creations Company Profile

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.