Mama's Creations, Inc. (NASDAQ:MAMA) Given Average Rating of "Buy" by Brokerages

Shares of Mama's Creations, Inc. (NASDAQ:MAMA - Get Free Report) have earned a consensus rating of "Buy" from the five brokerages that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have covered the stock in the last year is $10.00.

Several brokerages recently issued reports on MAMA. Roth Mkm reaffirmed a "buy" rating and set a $10.00 target price (up from $8.50) on shares of Mama's Creations in a research report on Wednesday, September 11th. Craig Hallum upped their price objective on shares of Mama's Creations from $9.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, September 11th.

Mama's Creations Stock Up 4.4 %

NASDAQ MAMA traded up $0.35 during trading on Monday, reaching $8.22. 152,266 shares of the company's stock traded hands, compared to its average volume of 333,759. Mama's Creations has a 12-month low of $3.38 and a 12-month high of $8.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.17. The firm has a market cap of $308.91 million, a price-to-earnings ratio of 60.54 and a beta of 1.04. The company's 50 day simple moving average is $7.78 and its two-hundred day simple moving average is $7.35.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last posted its earnings results on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. Mama's Creations had a net margin of 4.51% and a return on equity of 25.53%. The company had revenue of $28.38 million during the quarter, compared to analysts' expectations of $27.80 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. As a group, sell-side analysts forecast that Mama's Creations will post 0.14 EPS for the current fiscal year.

Insider Activity at Mama's Creations

In other news, CEO Adam Laurance Michaels sold 65,898 shares of Mama's Creations stock in a transaction that occurred on Tuesday, September 24th. The shares were 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 approximately $4,030,989.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.00% of the company's stock.

Institutional Investors Weigh In On Mama's Creations

Several institutional investors have recently modified their holdings of the company. Trail Ridge Investment Advisors LLC grew its position in Mama's Creations by 2.5% during the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 69,267 shares of the company's stock worth $526,000 after purchasing an additional 1,715 shares during the last quarter. Ritholtz Wealth Management boosted its stake in shares of Mama's Creations by 3.3% during the second quarter. Ritholtz Wealth Management now owns 55,878 shares of the company's stock worth $377,000 after buying an additional 1,762 shares during the period. Diamond Hill Capital Management Inc. grew its holdings in shares of Mama's Creations by 0.8% during the third quarter. Diamond Hill Capital Management Inc. now owns 383,164 shares of the company's stock worth $2,797,000 after buying an additional 3,072 shares during the last quarter. Planning Capital Management Corp acquired a new position in Mama's Creations in the 3rd quarter valued at about $36,000. Finally, Squarepoint Ops LLC increased its position in Mama's Creations by 32.8% in the 2nd quarter. Squarepoint Ops LLC now owns 32,246 shares of the company's stock valued at $217,000 after acquiring an additional 7,960 shares during the period. 45.18% of the stock is owned by hedge funds and other institutional investors.

Mama's Creations Company Profile

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.