Mama’s Creations (NASDAQ:MAMA) Price Target Increased to $10.00 by Analysts at Lake Street Capital

Mama’s Creations (NASDAQ:MAMA) had its price target lifted by Lake Street Capital from $7.00 to $10.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also commented on MAMA. Roth Mkm reiterated a buy rating and issued a $8.50 price target (up from $6.50) on shares of Mama’s Creations in a research report on Wednesday. Craig Hallum increased their price target on shares of Mama’s Creations from $8.00 to $9.00 and gave the company a buy rating in a research report on Wednesday. Finally, TheStreet upgraded shares of Mama’s Creations from a c+ rating to a b- rating in a research report on Thursday, February 22nd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Mama’s Creations presently has an average rating of Buy and an average price target of $9.38.

Mama’s Creations Trading Down 2.3 %

Shares of MAMA opened at $6.40 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.21 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average is $6.17 and its two-hundred day moving average is $5.16. Mama’s Creations has a twelve month low of $2.46 and a twelve month high of $7.57. The firm has a market capitalization of $238.46 million, a P/E ratio of 42.67 and a beta of 0.98.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $26.73 million for the quarter, compared to analyst estimates of $25.07 million. Mama’s Creations had a net margin of 5.19% and a return on equity of 31.02%. On average, research analysts predict that Mama’s Creations will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mama’s Creations

Several institutional investors and hedge funds have recently modified their holdings of MAMA. SG Americas Securities LLC purchased a new position in shares of Mama’s Creations during the first quarter valued at approximately $56,000. Worth Venture Partners LLC purchased a new position in shares of Mama’s Creations during the fourth quarter valued at approximately $63,000. Keynote Financial Services LLC purchased a new position in shares of Mama’s Creations during the first quarter valued at approximately $76,000. Onyx Bridge Wealth Group LLC purchased a new position in shares of Mama’s Creations during the first quarter valued at approximately $125,000. Finally, Quadrature Capital Ltd purchased a new position in Mama’s Creations during the fourth quarter worth approximately $182,000. Hedge funds and other institutional investors own 45.18% of the company’s stock.

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.