Mama's Creations, Inc. (NASDAQ:MAMA) Stock Has Consensus Price Target of $20.00 According to Analysts

Key Points

• Analysts maintain a Moderate Buy consensus on Mama’s Creations, with five buy ratings, one strong buy, and two holds. The average 12-month price target is $20.00, above the stock’s reported opening price of $12.93.
• The company’s latest quarterly results exceeded expectations, reporting $0.06 in earnings per share versus a $0.05 estimate and revenue of $54.58 million versus a $52.85 million forecast.
• Institutional investors own 45.18% of the stock, with several funds increasing their positions. CEO Adam Michaels sold shares under a pre-arranged plan to cover tax obligations, reducing his stake by 8.79%.

Shares of Mama's Creations, Inc. (NASDAQ:MAMA - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eight research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $20.00.

A number of equities research analysts recently commented on the company. Benchmark assumed coverage on 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. Zacks Research lowered Mama's Creations from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. DA Davidson decreased their target price on Mama's Creations from $25.00 to $22.00 and set a "buy" rating on the stock in a report on Friday, September 4th. William Blair assumed coverage on Mama's Creations in a research note on Friday, July 24th. They issued an "outperform" rating for the company. Finally, Wall Street Zen lowered Mama's Creations from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th.

Mama's Creations Price Performance

Shares of Mama's Creations stock opened at $12.93 on Friday. The company has a current ratio of 6.93, a quick ratio of 6.48 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $609.65 million, a price-to-earnings ratio of 76.06 and a beta of 0.56. Mama's Creations has a 1-year low of $9.90 and a 1-year high of $21.00. The firm's 50-day moving average price is $15.79 and its two-hundred day moving average price is $15.78.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. Mama's Creations had a net margin of 3.53% and a return on equity of 10.05%. The company had revenue of $54.58 million during the quarter, compared to analyst estimates of $52.85 million. On average, equities analysts predict that Mama's Creations will post 0.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Mama's Creations news, CEO Adam Michaels sold 69,683 shares of the firm's stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $13.31, for a total value of $927,480.73. Following the completion of the sale, the chief executive officer owned 722,719 shares in the company, valued at approximately $9,619,389.89. This trade represents a 8.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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. 1.03% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mama's Creations

A number of institutional investors have recently modified their holdings of MAMA. Tidal Investments LLC bought a new position in Mama's Creations in the 2nd quarter worth approximately $221,000. Squarepoint Ops LLC lifted its holdings in Mama's Creations by 278.2% during the 2nd quarter. Squarepoint Ops LLC now owns 138,301 shares of the company's stock worth $2,469,000 after buying an additional 101,736 shares in the last quarter. HighTower Advisors LLC bought a new position in Mama's Creations in the 2nd quarter valued at $183,000. Grandeur Peak Global Advisors LLC boosted its position in Mama's Creations by 4.5% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 88,406 shares of the company's stock valued at $1,578,000 after buying an additional 3,798 shares during the last quarter. Finally, Alyeska Investment Group L.P. increased its stake in shares of Mama's Creations by 137.5% in the 2nd quarter. Alyeska Investment Group L.P. now owns 950,000 shares of the company's stock valued at $16,958,000 after buying an additional 550,000 shares during the period. 45.18% of the stock is owned by institutional investors.

About Mama's Creations

Mama's Creations, Inc is a food company that develops, manufactures and distributes refrigerated and frozen prepared foods. Its product portfolio is centered on convenient, ready-to-heat and ready-to-eat items, including meatballs, stuffed shells, lasagna, eggplant Parmesan, soups, dips, salads and other deli-style foods.

The company markets products under the Mama's Creations and Creative Salads brands, among others, and sells through grocery retailers, club stores, foodservice distributors and other retail channels.

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