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

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

Several analysts have recently issued reports on MAMA shares. Craig Hallum upped their price target on Mama's Creations from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, September 11th. Roth Mkm reiterated a "buy" rating and set a $10.00 price target (up previously from $8.50) on shares of Mama's Creations in a report on Wednesday, September 11th. Finally, Lake Street Capital lifted their price target on shares of Mama's Creations from $7.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, June 12th.

Mama's Creations Stock Down 3.4 %

MAMA stock traded down $0.27 during trading hours on Friday, hitting $7.75. The company's stock had a trading volume of 582,185 shares, compared to its average volume of 349,916. The stock has a 50 day moving average price of $7.81 and a two-hundred day moving average price of $6.65. Mama's Creations has a 12 month low of $3.31 and a 12 month high of $8.69. The company has a market capitalization of $288.79 million, a PE ratio of 51.67 and a beta of 1.05. The company has a quick ratio of 1.21, a current ratio of 1.37 and a debt-to-equity ratio of 0.18.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last issued its quarterly earnings data on Tuesday, September 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $28.38 million during the quarter, compared to analysts' expectations of $27.80 million. During the same period in the prior year, the company posted $0.05 earnings per share. On average, equities research analysts expect that Mama's Creations will post 0.14 earnings per share for the current year.

Institutional Investors Weigh In On Mama's Creations

Several hedge funds and other institutional investors have recently modified their holdings of MAMA. Jump Financial LLC acquired a new position in shares of Mama's Creations during the fourth quarter valued at about $323,000. Bard Associates Inc. acquired a new position in Mama's Creations in the 4th quarter valued at approximately $5,688,000. Aristides Capital LLC bought a new stake in shares of Mama's Creations in the 4th quarter worth approximately $576,000. Wasatch Advisors LP acquired a new stake in shares of Mama's Creations during the 4th quarter worth approximately $19,069,000. Finally, Pinnacle Holdings LLC acquired a new stake in shares of Mama's Creations during the 4th quarter worth approximately $236,000. Institutional investors and hedge funds 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.