Mama's Creations (NASDAQ:MAMA) Rating Reiterated by Roth Mkm

Mama's Creations (NASDAQ:MAMA - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Roth Mkm in a research report issued on Wednesday, Benzinga reports. They presently have a $10.00 target price on the stock, up from their previous target price of $8.50. Roth Mkm's price target would suggest a potential upside of 26.90% from the stock's current price.

Several other brokerages also recently commented on MAMA. Lake Street Capital raised their target price on Mama's Creations from $7.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, June 12th. Craig Hallum raised their target price on Mama's Creations from $9.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Mama's Creations currently has a consensus rating of "Buy" and an average target price of $10.00.

Mama's Creations Trading Down 0.4 %

Shares of NASDAQ MAMA traded down $0.03 during midday trading on Wednesday, hitting $7.88. The stock had a trading volume of 1,150,756 shares, compared to its average volume of 350,577. The company has a market capitalization of $293.63 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. 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 company has a fifty day moving average price of $7.73 and a 200 day moving average price of $6.49.

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 business had revenue of $28.38 million for the quarter, compared to analyst estimates of $27.80 million. Mama's Creations had a return on equity of 31.02% and a net margin of 5.19%. During the same period in the previous year, the company posted $0.05 EPS. On average, analysts predict that Mama's Creations will post 0.15 earnings per share for the current year.

Institutional Investors Weigh In On Mama's Creations

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP purchased a new stake in Mama's Creations during the 4th quarter worth approximately $19,069,000. Vanguard Group Inc. increased its holdings in Mama's Creations by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 1,479,944 shares of the company's stock worth $7,400,000 after purchasing an additional 45,500 shares during the last quarter. Bard Associates Inc. purchased a new stake in Mama's Creations during the 4th quarter worth approximately $5,688,000. Heartland Advisors Inc. purchased a new stake in Mama's Creations during the 4th quarter worth approximately $4,664,000. Finally, Russell Investments Group Ltd. increased its holdings in Mama's Creations by 185.4% during the 1st quarter. Russell Investments Group Ltd. now owns 790,987 shares of the company's stock worth $3,955,000 after purchasing an additional 513,824 shares during the last quarter. 45.18% of the stock is currently owned by hedge funds and other institutional investors.

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.