Mama’s Creations, Inc. (NASDAQ:MAMA) Stock Has Consensus Price Target of $19.86

Mama’s Creations, Inc. (NASDAQ:MAMA) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $19.86.

Several research firms have recently weighed in on MAMA. Benchmark initiated coverage on shares of Mama’s Creations in a report on Tuesday, July 21st. They set a “buy” rating and a $25.00 target price for the company. William Blair initiated coverage on shares of Mama’s Creations in a research note on Friday, July 24th. They set an “outperform” rating on the stock. Weiss Ratings lowered Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 14th. Wall Street Zen downgraded shares of Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Stephens began coverage on Mama’s Creations in a research report on Monday, October 26th. They issued an “overweight” rating and a $19.00 target price on the stock.

Insider Transactions at Mama’s Creations

In related news, CEO Adam Michaels sold 69,683 shares of the business’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $13.31, for a total transaction of $927,480.73. Following the transaction, the chief executive officer owned 722,719 shares of the company’s stock, valued at approximately $9,619,389.89. The trade was a 8.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.03% of the company’s stock.

Institutional Trading of Mama’s Creations

A number of hedge funds have recently made changes to their positions in the business. Annex Advisory Services LLC lifted its position in shares of Mama’s Creations by 33.4% during the 3rd quarter. Annex Advisory Services LLC now owns 205,123 shares of the company’s stock valued at $2,644,000 after buying an additional 51,397 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Mama’s Creations by 39.2% during the third quarter. State of Alaska Department of Revenue now owns 6,571 shares of the company’s stock worth $83,000 after purchasing an additional 1,851 shares during the period. Tidal Investments LLC purchased a new position in shares of Mama’s Creations in the 2nd quarter valued at $221,000. Squarepoint Ops LLC grew its stake in Mama’s Creations by 278.2% in the 2nd quarter. Squarepoint Ops LLC now owns 138,301 shares of the company’s stock worth $2,469,000 after acquiring an additional 101,736 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in Mama’s Creations during the second quarter valued at approximately $183,000. 45.18% of the stock is owned by institutional investors and hedge funds.

Mama’s Creations Price Performance

Shares of NASDAQ:MAMA opened at $12.68 on Wednesday. Mama’s Creations has a one year low of $9.91 and a one year high of $21.00. The firm has a market capitalization of $597.86 million, a price-to-earnings ratio of 74.59 and a beta of 0.55. The company’s fifty day moving average price is $13.96 and its 200-day moving average price is $15.44. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.93 and a quick ratio of 6.48.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Mama’s Creations had a return on equity of 10.05% and a net margin of 3.53%. The business had revenue of $54.58 million during the quarter, compared to analysts’ expectations of $52.85 million. On average, equities research analysts anticipate that Mama’s Creations will post 0.25 earnings per share for the current fiscal year.

Mama’s Creations Company Profile

Mama’s Creations, Inc is a food company that develops, produces and distributes prepared foods for retail and foodservice customers. The company focuses on convenient, ready-to-eat and ready-to-heat products sold primarily through grocery stores and other food retailers.

Its product portfolio includes meatballs, stuffed pasta and other Italian-style specialties, as well as prepared entrees, deli salads, antipasti and related refrigerated and frozen foods. Products are marketed under the Mama’s Creations brand and are designed to provide convenient meal and entertaining options.

Formerly known as MamaMancini’s Holdings, Inc, the company serves customers primarily in the United States through retail, club-store, foodservice and e-commerce channels.