Mama's Creations, Inc. (NASDAQ:MAMA) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Mama's Creations, Inc. (NASDAQ:MAMA) has an average rating of "Moderate Buy" from five brokerages, with a one-year target price averaging $14.25.
• In recent insider trading, Director Shirley Romig sold 4,000 shares at an average price of $10.18, reducing their stake by 18.92%.
• The company recently reported $0.03 earnings per share for the quarter, exceeding expectations and indicating a net margin of 3.34% with revenues of $35.20 million.

Mama's Creations, Inc. (NASDAQ:MAMA - Get Free Report) has received an average recommendation of "Moderate Buy" from the five research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $14.25.

MAMA has been the subject of several research reports. Lake Street Capital lifted their price target on shares of Mama's Creations from $11.00 to $15.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. DA Davidson started coverage on shares of Mama's Creations in a report on Tuesday. They set a "buy" rating and a $18.00 price objective on the stock. Roth Capital lifted their target price on Mama's Creations from $10.00 to $13.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Wall Street Zen cut Mama's Creations from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Finally, Zacks Research cut Mama's Creations from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th.

Insider Activity at Mama's Creations

In related news, Director Shirley Romig sold 4,000 shares of the business's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $10.18, for a total value of $40,720.00. Following the sale, the director directly owned 17,139 shares in the company, valued at approximately $174,475.02. The trade was a 18.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Mama's Creations

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in Mama's Creations by 32.1% in the 4th quarter. Bank of America Corp DE now owns 33,882 shares of the company's stock valued at $270,000 after acquiring an additional 8,242 shares during the period. Rhumbline Advisers raised its stake in Mama's Creations by 5.0% in the 1st quarter. Rhumbline Advisers now owns 44,699 shares of the company's stock valued at $291,000 after acquiring an additional 2,146 shares during the period. Deutsche Bank AG raised its stake in Mama's Creations by 3,085.4% in the 4th quarter. Deutsche Bank AG now owns 26,407 shares of the company's stock valued at $210,000 after acquiring an additional 25,578 shares during the period. Nuveen LLC bought a new stake in shares of Mama's Creations during the first quarter valued at about $388,000. Finally, Wesbanco Bank Inc. increased its position in shares of Mama's Creations by 75.0% during the second quarter. Wesbanco Bank Inc. now owns 136,500 shares of the company's stock valued at $1,133,000 after buying an additional 58,500 shares during the period. 45.18% of the stock is currently owned by institutional investors.

Mama's Creations Trading Down 1.7%

NASDAQ MAMA traded down $0.19 during trading hours on Tuesday, reaching $10.76. The company's stock had a trading volume of 98,138 shares, compared to its average volume of 283,782. The firm has a fifty day simple moving average of $8.90 and a 200-day simple moving average of $7.81. The stock has a market cap of $435.90 million, a P/E ratio of 97.87 and a beta of 0.65. Mama's Creations has a 52 week low of $5.50 and a 52 week high of $11.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.15.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its quarterly earnings results on Monday, September 8th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. Mama's Creations had a net margin of 3.34% and a return on equity of 17.41%. The firm had revenue of $35.20 million during the quarter, compared to analyst estimates of $33.18 million. During the same quarter last year, the business earned $0.03 EPS. Equities analysts forecast that Mama's Creations will post 0.09 earnings per share for the current fiscal year.

About Mama's Creations

Mama's Creations, Inc engages in the marketing, manufacturing, and distribution of beef meatballs with sauce, turkey meatballs with sauce, beef meat loaf, sausage and peppers, chicken parmesan, and other similar meats and sauces. Its products include beef meatballs, turkey meatballs, stuffed meatballs, lasagna roll ups, retail ready meals, bulk deli, single-size pasta bowls, and packaged refrigerated products.

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