Mama’s Creations, Inc. (NASDAQ:MAMA) Given Average Recommendation of “Buy” by Brokerages

Mama’s Creations, Inc. (NASDAQ:MAMA) has been assigned a consensus rating of “Buy” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $7.88.

A number of brokerages recently commented on MAMA. Lake Street Capital lifted their price objective on Mama’s Creations from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Roth Mkm reiterated a “buy” rating and set a $6.50 price target (up previously from $6.00) on shares of Mama’s Creations in a report on Thursday, April 25th. Roth Capital reissued a “buy” rating on shares of Mama’s Creations in a report on Thursday, February 1st. Finally, TheStreet raised shares of Mama’s Creations from a “c+” rating to a “b-” rating in a research note on Thursday, February 22nd.

Mama’s Creations Price Performance

Shares of NASDAQ MAMA opened at $6.88 on Monday. The firm has a 50-day simple moving average of $5.55 and a 200-day simple moving average of $4.79. The company has a quick ratio of 1.21, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $257.93 million, a price-to-earnings ratio of 37.89 and a beta of 1.04. Mama’s Creations has a 52 week low of $2.28 and a 52 week high of $7.02.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $26.73 million during the quarter, compared to the consensus estimate of $25.07 million. Mama’s Creations had a net margin of 6.35% and a return on equity of 39.00%. On average, equities analysts predict that Mama’s Creations will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of Mama’s Creations

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in shares of Mama’s Creations during the first quarter worth $56,000. B. Riley Wealth Advisors Inc. boosted its holdings in Mama’s Creations by 29.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 50,490 shares of the company’s stock valued at $252,000 after acquiring an additional 11,490 shares during the period. Worth Venture Partners LLC acquired a new position in Mama’s Creations in the 4th quarter valued at about $63,000. Onyx Bridge Wealth Group LLC acquired a new position in Mama’s Creations in the 1st quarter valued at about $125,000. Finally, Quadrature Capital Ltd purchased a new stake in Mama’s Creations during the fourth quarter worth about $182,000. 45.18% of the stock is currently owned by hedge funds and other institutional investors.

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.