Mama’s Creations (NASDAQ:MAMA) Rating Reiterated by Roth Mkm

Roth Mkm reissued their buy rating on shares of Mama’s Creations (NASDAQ:MAMA) in a research report sent to investors on Wednesday, Benzinga reports. Roth Mkm currently has a $8.50 price target on the stock, up from their prior price target of $6.50.

MAMA has been the subject of a number of other reports. Lake Street Capital raised their price objective 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. TheStreet raised shares of Mama’s Creations from a c+ rating to a b- rating in a research note on Thursday, February 22nd. Finally, Craig Hallum lifted their target price on shares of Mama’s Creations from $8.00 to $9.00 and gave the stock a buy rating in a research note on Wednesday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of Buy and an average target price of $9.38.

Mama’s Creations Trading Down 2.3 %

Shares of MAMA opened at $6.40 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 1.21. The firm has a 50 day simple moving average of $6.17 and a 200-day simple moving average of $5.16. Mama’s Creations has a 1-year low of $2.46 and a 1-year high of $7.57. The stock has a market cap 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Mama’s Creations had a net margin of 5.19% and a return on equity of 31.02%. The business had revenue of $26.73 million during the quarter, compared to analysts’ expectations of $25.07 million. Equities analysts forecast that Mama’s Creations will post 0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Mama’s Creations

A number of hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of Mama’s Creations in the 1st quarter valued at $56,000. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Mama’s Creations by 29.5% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 50,490 shares of the company’s stock valued at $252,000 after purchasing an additional 11,490 shares during the last quarter. Worth Venture Partners LLC acquired a new position in shares of Mama’s Creations in the 4th quarter valued at $63,000. Keynote Financial Services LLC acquired a new position in shares of Mama’s Creations during the 1st quarter valued at $76,000. Finally, Onyx Bridge Wealth Group LLC acquired a new position in shares of Mama’s Creations during the 1st quarter valued at $125,000. Institutional investors and hedge funds own 45.18% of the company’s stock.

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.