Lake Street Capital Forecasts Strong Price Appreciation for Mama's Creations (NASDAQ:MAMA) Stock

Mama's Creations (NASDAQ:MAMA - Get Free Report) had its price target increased by stock analysts at Lake Street Capital from $10.00 to $11.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Lake Street Capital's price objective indicates a potential upside of 33.33% from the stock's current price.

Several other equities analysts also recently commented on MAMA. Roth Mkm reaffirmed a "buy" rating and issued a $10.00 target price (up previously from $8.50) on shares of Mama's Creations in a research report on Wednesday, September 11th. Craig Hallum upped their target price on Mama's Creations from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, September 11th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $10.50.

Mama's Creations Stock Performance

NASDAQ:MAMA traded down $1.45 on Tuesday, hitting $8.25. The company's stock had a trading volume of 1,343,957 shares, compared to its average volume of 338,340. The company has a current ratio of 1.37, a quick ratio of 1.17 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average of $8.46 and a two-hundred day moving average of $7.80. The firm has a market capitalization of $310.01 million, a P/E ratio of 91.67 and a beta of 1.10. Mama's Creations has a one year low of $3.70 and a one year high of $9.98.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its quarterly earnings data on Monday, December 16th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Mama's Creations had a net margin of 4.51% and a return on equity of 25.53%. During the same period in the prior year, the business posted $0.05 earnings per share. Research analysts predict that Mama's Creations will post 0.14 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Adam Laurance Michaels sold 65,898 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $7.42, for a total transaction of $488,963.16. Following the sale, the chief executive officer now owns 543,260 shares of the company's stock, valued at $4,030,989.20. This represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 10.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mama's Creations

Several institutional investors and hedge funds have recently added to or reduced their stakes in MAMA. Annex Advisory Services LLC lifted its stake in Mama's Creations by 693.5% during the third quarter. Annex Advisory Services LLC now owns 714,308 shares of the company's stock worth $5,214,000 after purchasing an additional 624,289 shares during the last quarter. Portolan Capital Management LLC lifted its stake in Mama's Creations by 177.2% during the third quarter. Portolan Capital Management LLC now owns 953,629 shares of the company's stock worth $6,961,000 after purchasing an additional 609,605 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Mama's Creations by 166.0% during the second quarter. First Eagle Investment Management LLC now owns 619,376 shares of the company's stock worth $4,175,000 after purchasing an additional 386,542 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Mama's Creations by 75.1% in the 2nd quarter. Renaissance Technologies LLC now owns 441,200 shares of the company's stock valued at $2,974,000 after acquiring an additional 189,247 shares during the last quarter. Finally, VELA Investment Management LLC lifted its stake in shares of Mama's Creations by 87.9% in the 2nd quarter. VELA Investment Management LLC now owns 387,152 shares of the company's stock valued at $2,609,000 after acquiring an additional 181,088 shares during the last quarter. 45.18% of the stock is currently owned by institutional investors.

About Mama's Creations

Mama's Creations, Inc, together with its subsidiaries, manufactures and markets prepared refrigerated foods primarily in the United States. The company offers beef and turkey meatballs, meat loaf, chicken, sausage-related products, and pasta entrees; and hot bars, salad bars, prepared foods, sandwich, and cold deli and foods-to-go sections.