Mama’s Creations, Inc. (NASDAQ:MAMA) Receives $19.83 Consensus Price Target from Analysts

Mama’s Creations, Inc. (NASDAQ:MAMA) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $19.8333.

Several equities research analysts recently commented on MAMA shares. DA Davidson reissued a “buy” rating and set a $25.00 target price on shares of Mama’s Creations in a report on Monday, July 13th. Wall Street Zen lowered Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Benchmark initiated coverage on Mama’s Creations in a research note on Tuesday, July 21st. They issued a “buy” rating and a $25.00 price objective on the stock. William Blair began coverage on Mama’s Creations in a report on Friday, July 24th. They issued an “outperform” rating for the company. Finally, Weiss Ratings cut Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday.

Mama’s Creations Stock Down 3.0%

Mama’s Creations stock opened at $15.99 on Friday. Mama’s Creations has a 52 week low of $7.89 and a 52 week high of $21.00. The stock has a market cap of $654.63 million, a price-to-earnings ratio of 114.21 and a beta of 0.56. The company’s 50-day moving average price is $17.82 and its two-hundred day moving average price is $16.07. The company has a current ratio of 2.32, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings results on Monday, June 8th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $52.77 million during the quarter, compared to analyst estimates of $51.63 million. Mama’s Creations had a net margin of 3.21% and a return on equity of 14.69%. During the same period in the prior year, the business posted $0.03 EPS. On average, analysts expect that Mama’s Creations will post 0.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Mama’s Creations

Large investors have recently made changes to their positions in the business. American Century Companies Inc. grew its position in Mama’s Creations by 1.6% in the second quarter. American Century Companies Inc. now owns 89,062 shares of the company’s stock worth $739,000 after buying an additional 1,375 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Mama’s Creations by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 46,824 shares of the company’s stock valued at $389,000 after acquiring an additional 2,125 shares during the last quarter. Invesco Ltd. lifted its position in shares of Mama’s Creations by 10.9% during the 4th quarter. Invesco Ltd. now owns 22,299 shares of the company’s stock valued at $301,000 after acquiring an additional 2,183 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Mama’s Creations by 13.0% during the 3rd quarter. Alliancebernstein L.P. now owns 21,750 shares of the company’s stock worth $229,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Mama’s Creations by 14.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,692 shares of the company’s stock worth $280,000 after acquiring an additional 2,646 shares in the last quarter. Institutional investors own 45.18% of the company’s stock.

About Mama’s Creations

Mama’s Creations, Inc engages in the marketing, manufacturing, and distribution of beef meatballs with sauce, turkey meatballs with sauce, beef meat loaf, sausage and peppers, chicken parmesan, and other similar meats and sauces. Its products include beef meatballs, turkey meatballs, stuffed meatballs, lasagna roll ups, retail ready meals, bulk deli, single-size pasta bowls, and packaged refrigerated products. Its brands include MamaMancini’s, Creative Salads, and The Olive Branch. The company was founded by Daniel Dougherty on July 22, 2009 and is headquartered in East Rutherford, NJ.