Mama’s Creations (NASDAQ:MAMA) Hits New 12-Month High – Here’s What Happened

Mama’s Creations, Inc. (NASDAQ:MAMA)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $17.33 and last traded at $17.1550, with a volume of 455911 shares traded. The stock had previously closed at $16.05.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MAMA. Maxim Group set a $20.00 price target on shares of Mama’s Creations in a research report on Tuesday, December 9th. Craig Hallum increased their price objective on Mama’s Creations from $12.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Roth Mkm upped their price objective on shares of Mama’s Creations from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Mama’s Creations in a report on Monday, December 29th. 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 report on Tuesday, December 9th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.60.

Mama’s Creations Price Performance

The firm has a market cap of $690.85 million, a P/E ratio of 154.51 and a beta of 0.80. The company has a current ratio of 1.85, a quick ratio of 1.38 and a debt-to-equity ratio of 0.11. The business’s fifty day simple moving average is $14.37 and its 200-day simple moving average is $11.73.

Mama’s Creations (NASDAQ:MAMA) last posted its earnings results on Monday, December 8th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $47.27 million during the quarter, compared to analyst estimates of $43.21 million. Mama’s Creations had a return on equity of 16.72% and a net margin of 3.08%.During the same quarter in the previous year, the firm earned $0.01 EPS. As a group, analysts forecast that Mama’s Creations, Inc. will post 0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MAMA. Invesco Ltd. raised its stake in shares of Mama’s Creations by 10.9% during the fourth quarter. Invesco Ltd. now owns 22,299 shares of the company’s stock worth $301,000 after acquiring an additional 2,183 shares in the last quarter. Pillsbury Lake Capital LLC bought a new position in Mama’s Creations in the 4th quarter worth $6,653,000. XTX Topco Ltd purchased a new stake in Mama’s Creations in the fourth quarter worth about $327,000. Wellington Management Group LLP purchased a new position in shares of Mama’s Creations in the 4th quarter valued at approximately $3,897,000. Finally, Numerai GP LLC purchased a new position in Mama’s Creations during the fourth quarter valued at $263,000. Institutional investors 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. 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.