Mama’s Creations, Inc. (NASDAQ:MAMA) Receives Average Recommendation of “Buy” from Analysts

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

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

Hedge Funds Weigh In On Mama’s Creations

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Mama’s Creations in the first quarter valued at about $56,000. Worth Venture Partners LLC purchased a new position in shares of Mama’s Creations in the fourth quarter valued at about $63,000. Onyx Bridge Wealth Group LLC purchased a new position in shares of Mama’s Creations in the first quarter valued at about $125,000. Quadrature Capital Ltd purchased a new position in shares of Mama’s Creations in the fourth quarter valued at about $182,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Mama’s Creations in the fourth quarter valued at about $191,000. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Mama’s Creations Stock Performance

NASDAQ MAMA opened at $6.88 on Monday. Mama’s Creations has a 52-week low of $2.28 and a 52-week high of $7.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.21 and a current ratio of 1.41. The company has a market capitalization of $257.93 million, a P/E ratio of 38.22 and a beta of 1.04. The company has a fifty day moving average of $5.59 and a 200-day moving average of $4.82.

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

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.