Mama's Creations, Inc. (NASDAQ:MAMA) Receives $10.00 Consensus Target Price from Analysts

Mama's Creations, Inc. (NASDAQ:MAMA - Get Free Report) has been assigned an average recommendation of "Buy" from the five research firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $10.00.

A number of analysts have recently issued reports on the stock. Craig Hallum lifted their price objective on shares of Mama's Creations from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, September 11th. Roth Mkm reaffirmed a "buy" rating and set a $10.00 price objective (up from $8.50) on shares of Mama's Creations in a report on Wednesday, September 11th.

Insider Transactions at Mama's Creations

In related news, CEO Adam Laurance Michaels sold 65,898 shares of Mama's Creations stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $7.42, for a total value of $488,963.16. Following the transaction, the chief executive officer now owns 543,260 shares in the company, valued at $4,030,989.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mama's Creations

A number of large investors have recently added to or reduced their stakes in the business. Annex Advisory Services LLC raised its position in Mama's Creations by 693.5% in the 3rd quarter. Annex Advisory Services LLC now owns 714,308 shares of the company's stock worth $5,214,000 after purchasing an additional 624,289 shares during the period. SG Americas Securities LLC purchased a new position in shares of Mama's Creations in the third quarter valued at about $90,000. The Manufacturers Life Insurance Company purchased a new position in shares of Mama's Creations in the second quarter valued at about $86,000. Squarepoint Ops LLC increased its position in shares of Mama's Creations by 32.8% in the second 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. Finally, Marshall Wace LLP increased its position in shares of Mama's Creations by 106.6% in the second quarter. Marshall Wace LLP now owns 58,689 shares of the company's stock valued at $396,000 after acquiring an additional 30,286 shares during the period. Hedge funds and other institutional investors own 45.18% of the company's stock.

Mama's Creations Price Performance

NASDAQ:MAMA traded down $0.19 during trading hours on Thursday, hitting $8.03. The stock had a trading volume of 144,787 shares, compared to its average volume of 342,021. The company has a 50 day simple moving average of $7.90 and a two-hundred day simple moving average of $6.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.17. Mama's Creations has a one year low of $3.31 and a one year high of $8.69. The firm has a market capitalization of $299.22 million, a price-to-earnings ratio of 53.53 and a beta of 1.03.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $27.80 million. During the same period last year, the firm earned $0.05 EPS. Research analysts forecast that Mama's Creations will post 0.14 earnings per share 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.