Craig Hallum Boosts Mama's Creations (NASDAQ:MAMA) Price Target to $10.00

Mama's Creations (NASDAQ:MAMA - Free Report) had its target price lifted by Craig Hallum from $9.00 to $10.00 in a report released on Wednesday morning, Benzinga reports. Craig Hallum currently has a buy rating on the stock.

A number of other analysts have also recently issued reports on MAMA. Roth Mkm reissued a buy rating and set a $8.50 price objective (up previously from $6.50) on shares of Mama's Creations in a research report on Wednesday, June 12th. Lake Street Capital lifted their price target on Mama's Creations from $7.00 to $10.00 and gave the company a buy rating in a report on Wednesday, June 12th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and an average target price of $10.00.

Mama's Creations Stock Down 0.4 %

Shares of MAMA traded down $0.04 during trading hours on Wednesday, reaching $7.88. The company's stock had a trading volume of 1,153,210 shares, compared to its average volume of 350,592. The company has a 50 day moving average of $7.73 and a two-hundred day moving average of $6.49. The company has a quick ratio of 1.21, a current ratio of 1.37 and a debt-to-equity ratio of 0.29. The firm has a market cap of $293.45 million, a price-to-earnings ratio of 47.40 and a beta of 1.06. Mama's Creations has a 1-year low of $3.31 and a 1-year high of $8.69.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its quarterly earnings data on Tuesday, September 10th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm 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 5.19% and a return on equity of 31.02%. During the same quarter in the prior year, the business earned $0.05 EPS. As a group, research analysts predict that Mama's Creations will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bard Associates Inc. bought a new stake in Mama's Creations during the fourth quarter worth approximately $5,688,000. Wasatch Advisors LP acquired a new stake in shares of Mama's Creations in the fourth quarter worth $19,069,000. Perritt Capital Management Inc. bought a new stake in shares of Mama's Creations during the 4th quarter worth $1,369,000. First Eagle Investment Management LLC acquired a new position in Mama's Creations in the 1st quarter valued at $1,164,000. Finally, Aristides Capital LLC bought a new position in Mama's Creations in the 4th quarter worth $576,000. Institutional investors and hedge funds own 45.18% of the company's stock.

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.