Brokerages Set Mama's Creations, Inc. (NASDAQ:MAMA) Price Target at $10.00

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

Several brokerages have recently weighed in on MAMA. Craig Hallum lifted their target price 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. 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 report on Wednesday, September 11th.

Insider Buying and Selling

In other Mama's Creations news, CEO Adam Laurance Michaels sold 65,898 shares of Mama's Creations stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $7.42, for a total transaction of $488,963.16. Following the completion of the transaction, the chief executive officer now owns 543,260 shares in the company, valued at approximately $4,030,989.20. The trade was a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 10.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Mama's Creations

Institutional investors have recently modified their holdings of the company. Planning Capital Management Corp acquired a new position in shares of Mama's Creations in the third quarter valued at approximately $36,000. FMR LLC increased its position in Mama's Creations by 23,422.7% during the third quarter. FMR LLC now owns 5,175 shares of the company's stock worth $38,000 after purchasing an additional 5,153 shares during the last quarter. SG Americas Securities LLC acquired a new position in Mama's Creations during the third quarter worth approximately $90,000. The Manufacturers Life Insurance Company acquired a new position in Mama's Creations during the second quarter worth approximately $86,000. Finally, Ballentine Partners LLC acquired a new position in Mama's Creations during the third quarter worth approximately $110,000. Institutional investors and hedge funds own 45.18% of the company's stock.

Mama's Creations Stock Performance

NASDAQ MAMA traded down $0.48 during trading on Friday, reaching $9.17. The company's stock had a trading volume of 384,581 shares, compared to its average volume of 329,483. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.17 and a current ratio of 1.37. The firm has a market cap of $344.58 million, a price-to-earnings ratio of 74.23 and a beta of 1.10. Mama's Creations has a twelve month low of $3.46 and a twelve month high of $9.98. The business's fifty day moving average price is $8.21 and its 200-day moving average price is $7.67.

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

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.