Mama’s Creations, Inc. (NASDAQ:MAMA) Stock Has Consensus Target Price of $19.86

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $19.86.

Several analysts have recently commented on MAMA shares. Lake Street Capital restated a “buy” rating and set a $22.00 target price on shares of Mama’s Creations in a report on Friday, September 4th. Stephens began coverage on shares of Mama’s Creations in a research report on Monday, October 26th. They set an “overweight” rating and a $19.00 price target on the stock. Benchmark started coverage on shares of Mama’s Creations in a research report on Tuesday, July 21st. They set a “buy” rating and a $25.00 price target on the stock. DA Davidson decreased their price objective on shares of Mama’s Creations from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, September 4th. Finally, Zacks Research downgraded shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th.

Mama’s Creations Stock Performance

Mama’s Creations stock opened at $12.88 on Wednesday. The firm has a market capitalization of $607.29 million, a P/E ratio of 67.74 and a beta of 0.55. The stock has a fifty day moving average price of $13.82 and a two-hundred day moving average price of $15.43. Mama’s Creations has a 52-week low of $9.91 and a 52-week high of $21.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.93 and a quick ratio of 6.48.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $54.58 million for the quarter, compared to analyst estimates of $52.85 million. Mama’s Creations had a net margin of 3.53% and a return on equity of 10.05%. As a group, analysts anticipate that Mama’s Creations will post 0.25 EPS for the current fiscal year.

Insider Activity

In related news, CEO Adam Michaels sold 69,683 shares of Mama’s Creations stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $13.31, for a total value of $927,480.73. Following the sale, the chief executive officer owned 722,719 shares of the company’s stock, valued at approximately $9,619,389.89. This trade represents a 8.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On Mama’s Creations

Large investors have recently made changes to their positions in the stock. Summit Creek Advisors LLC bought a new stake in shares of Mama’s Creations in the 3rd quarter valued at about $2,482,000. CenterBook Partners LP lifted its position in Mama’s Creations by 152.8% during the third quarter. CenterBook Partners LP now owns 128,577 shares of the company’s stock worth $1,657,000 after acquiring an additional 77,713 shares during the last quarter. Annex Advisory Services LLC increased its position in Mama’s Creations by 33.4% during the third quarter. Annex Advisory Services LLC now owns 205,123 shares of the company’s stock worth $2,644,000 after acquiring an additional 51,397 shares during the period. State of Alaska Department of Revenue increased its stake in Mama’s Creations by 39.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,571 shares of the company’s stock worth $83,000 after acquiring an additional 1,851 shares during the period. Finally, Tidal Investments LLC bought a new stake in shares of Mama’s Creations during the 2nd quarter valued at $221,000. Institutional investors and hedge funds own 45.18% of the company’s stock.

Mama’s Creations Company Profile

Mama’s Creations, Inc is a food company that develops, produces and distributes prepared foods for retail and foodservice customers. The company focuses on convenient, ready-to-eat and ready-to-heat products sold primarily through grocery stores and other food retailers.

Its product portfolio includes meatballs, stuffed pasta and other Italian-style specialties, as well as prepared entrees, deli salads, antipasti and related refrigerated and frozen foods. Products are marketed under the Mama’s Creations brand and are designed to provide convenient meal and entertaining options.

Formerly known as MamaMancini’s Holdings, Inc, the company serves customers primarily in the United States through retail, club-store, foodservice and e-commerce channels.