Mama's Creations, Inc. (NASDAQ:MAMA) Receives $9.38 Average PT from Analysts

Shares of Mama's Creations, Inc. (NASDAQ:MAMA - Get Free Report) have been given an average recommendation of "Buy" by the five ratings firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $9.38.

Several equities research analysts have recently weighed in on MAMA shares. Roth Mkm reiterated a "buy" rating and set a $8.50 price target (up from $6.50) on shares of Mama's Creations in a research report on Wednesday, June 12th. Lake Street Capital upped their target price on shares of Mama's Creations from $7.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, June 12th. Finally, Craig Hallum increased their target price on shares of Mama's Creations from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Wednesday, June 12th.

Mama's Creations Stock Performance

NASDAQ:MAMA traded down $0.02 on Wednesday, reaching $7.99. 240,827 shares of the company's stock were exchanged, compared to its average volume of 352,025. The firm has a market cap of $297.73 million, a price-to-earnings ratio of 53.27 and a beta of 1.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 1.21. The stock has a fifty day simple moving average of $7.47 and a 200-day simple moving average of $6.27. Mama's Creations has a 52 week low of $3.31 and a 52 week high of $8.69.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its quarterly earnings data on Tuesday, June 11th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Mama's Creations had a return on equity of 31.02% and a net margin of 5.19%. The business had revenue of $29.84 million during the quarter, compared to the consensus estimate of $26.10 million. As a group, sell-side analysts predict that Mama's Creations will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On Mama's Creations

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in Mama's Creations in the first quarter worth approximately $56,000. Worth Venture Partners LLC bought a new stake in shares of Mama's Creations in the 4th quarter worth approximately $63,000. Keynote Financial Services LLC purchased a new stake in shares of Mama's Creations in the 1st quarter valued at $76,000. The Manufacturers Life Insurance Company bought a new position in shares of Mama's Creations during the 2nd quarter valued at $86,000. Finally, Onyx Bridge Wealth Group LLC purchased a new position in Mama's Creations in the 1st quarter worth $125,000. Hedge funds and other institutional investors own 45.18% of the company's stock.

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.