Mama’s Creations (NASDAQ:MAMA) Sets New 52-Week High – Still a Buy?

Mama’s Creations, Inc. (NASDAQ:MAMA) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $15.95 and last traded at $15.45, with a volume of 422996 shares changing hands. The stock had previously closed at $15.38.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Maxim Group set a $20.00 price target on shares of Mama’s Creations in a research report on Tuesday, December 9th. Roth Mkm raised 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. Craig Hallum boosted their target price on Mama’s Creations from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Zacks Research upgraded Mama’s Creations from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 19th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Mama’s Creations in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $17.60.

Mama’s Creations Price Performance

The firm has a market capitalization of $628.04 million, a P/E ratio of 140.47 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 moving average is $13.56 and its 200 day moving average is $11.09.

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

Institutional Investors Weigh In On Mama’s Creations

Several hedge funds have recently modified their holdings of MAMA. Vanguard Group Inc. increased its stake in Mama’s Creations by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,893,943 shares of the company’s stock worth $19,905,000 after purchasing an additional 7,254 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of Mama’s Creations by 1.6% in the third quarter. First Eagle Investment Management LLC now owns 1,337,614 shares of the company’s stock worth $14,058,000 after acquiring an additional 21,700 shares in the last quarter. Grandeur Peak Global Advisors LLC raised its holdings in shares of Mama’s Creations by 8.6% during the second quarter. Grandeur Peak Global Advisors LLC now owns 1,158,781 shares of the company’s stock valued at $9,618,000 after acquiring an additional 91,857 shares during the period. Geode Capital Management LLC raised its holdings in shares of Mama’s Creations by 7.2% during the second quarter. Geode Capital Management LLC now owns 821,094 shares of the company’s stock valued at $6,816,000 after acquiring an additional 55,173 shares during the period. Finally, Park West Asset Management LLC purchased a new stake in shares of Mama’s Creations in the 3rd quarter valued at approximately $8,408,000. 45.18% of the stock is owned by hedge funds and other institutional investors.

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.