Mama’s Creations (NASDAQ:MAMA) Given New $7.00 Price Target at Lake Street Capital

Mama’s Creations (NASDAQ:MAMA) had its price objective hoisted by analysts at Lake Street Capital from $6.00 to $7.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Lake Street Capital’s price objective suggests a potential upside of 28.91% from the company’s previous close.

MAMA has been the topic of a number of other research reports. TheStreet upgraded Mama’s Creations from a “c+” rating to a “b-” rating in a report on Thursday, February 22nd. Roth Mkm reaffirmed a “buy” rating and issued a $6.50 target price (up from $6.00) on shares of Mama’s Creations in a research note on Thursday. Finally, Roth Capital reaffirmed a “buy” rating on shares of Mama’s Creations in a research note on Thursday, February 1st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $7.88.

Mama’s Creations Price Performance

MAMA stock traded up $0.36 during midday trading on Thursday, reaching $5.43. The stock had a trading volume of 1,510,509 shares, compared to its average volume of 278,382. The company’s fifty day simple moving average is $4.89 and its 200 day simple moving average is $4.41. The company has a current ratio of 1.42, a quick ratio of 1.24 and a debt-to-equity ratio of 0.42. The company has a market cap of $203.35 million, a price-to-earnings ratio of 27.65 and a beta of 1.08. Mama’s Creations has a 52-week low of $1.83 and a 52-week high of $5.79.

Institutional Trading of Mama’s Creations

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wasatch Advisors LP acquired a new stake in shares of Mama’s Creations during the 4th quarter worth about $19,069,000. Bard Associates Inc. acquired a new stake in shares of Mama’s Creations during the 4th quarter worth about $5,688,000. Heartland Advisors Inc. acquired a new stake in shares of Mama’s Creations during the 4th quarter worth about $4,664,000. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Mama’s Creations during the 4th quarter worth about $3,389,000. Finally, Rice Hall James & Associates LLC acquired a new position in Mama’s Creations in the 1st quarter valued at about $2,121,000. 45.18% of the stock is owned by institutional investors and hedge funds.

About Mama’s Creations

Mama's Creations, Inc 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.