Mama’s Creations (NASDAQ:MAMA) Price Target Raised to $9.00

Mama’s Creations (NASDAQ:MAMA) had its price objective increased by Craig Hallum from $8.00 to $9.00 in a report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

MAMA has been the subject of a number of other research reports. Lake Street Capital raised their price target on Mama’s Creations from $6.00 to $7.00 and gave the stock a buy rating in a research note on Thursday, April 25th. TheStreet upgraded shares of Mama’s Creations from a c+ rating to a b- rating in a research report on Thursday, February 22nd. Finally, Roth Mkm reiterated a buy rating and set a $6.50 target price (up previously from $6.00) on shares of Mama’s Creations in a report on Thursday, April 25th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Mama’s Creations currently has a consensus rating of Buy and an average price target of $9.38.

Mama’s Creations Stock Down 2.3 %

Shares of Mama’s Creations stock opened at $6.40 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.21 and a current ratio of 1.37. Mama’s Creations has a 52-week low of $2.46 and a 52-week high of $7.57. The company’s 50 day moving average price is $6.17 and its 200-day moving average price is $5.16. The stock has a market capitalization of $238.46 million, a price-to-earnings ratio of 42.67 and a beta of 0.98.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The firm 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 5.19% and a return on equity of 31.02%. Equities research analysts forecast that Mama’s Creations will post 0.15 EPS for the current year.

Institutional Investors Weigh In On Mama’s Creations

A number of large investors have recently made changes to their positions in the company. Wasatch Advisors LP bought a new stake in shares of Mama’s Creations during the 4th quarter valued at about $19,069,000. Vanguard Group Inc. grew its stake in shares of Mama’s Creations by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 1,479,944 shares of the company’s stock valued at $7,400,000 after acquiring an additional 45,500 shares during the period. Bard Associates Inc. bought a new position in shares of Mama’s Creations during the 4th quarter valued at approximately $5,688,000. Heartland Advisors Inc. bought a new position in shares of Mama’s Creations during the 4th quarter valued at approximately $4,664,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Mama’s Creations by 185.4% during the 1st quarter. Russell Investments Group Ltd. now owns 790,987 shares of the company’s stock valued at $3,955,000 after acquiring an additional 513,824 shares during the period. 45.18% of the stock is currently owned by institutional investors.

Mama’s Creations Company Profile

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.