Analysts Set Mama's Creations, Inc. (NASDAQ:MAMA) Price Target at $10.50

Key Points

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Shares of Mama's Creations, Inc. (NASDAQ:MAMA - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the five brokerages that are presently covering the firm, MarketBeat Ratings 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 price target among analysts that have issued a report on the stock in the last year is $10.50.

Several analysts have recently weighed in on the company. Roth Capital restated a "buy" rating and issued a $10.00 price objective (up previously from $9.00) on shares of Mama's Creations in a report on Wednesday, June 4th. Zacks Research downgraded Mama's Creations from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Wall Street Zen downgraded Mama's Creations from a "buy" rating to a "hold" rating in a report on Sunday, August 10th.

Mama's Creations Stock Performance

Shares of NASDAQ:MAMA traded up $0.27 on Tuesday, hitting $8.60. The company's stock had a trading volume of 157,551 shares, compared to its average volume of 160,675. Mama's Creations has a 12 month low of $5.50 and a 12 month high of $9.98. The company has a market capitalization of $323.45 million, a price-to-earnings ratio of 78.19 and a beta of 0.75. The stock's 50-day moving average is $8.52 and its two-hundred day moving average is $7.40. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.01 and a current ratio of 1.29.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. 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 return on equity of 18.19% and a net margin of 3.41%.The company had revenue of $35.30 million during the quarter, compared to analysts' expectations of $32.74 million. On average, equities research analysts forecast that Mama's Creations will post 0.09 EPS for the current year.

Institutional Investors Weigh In On Mama's Creations

Several hedge funds have recently modified their holdings of the stock. State of Wyoming lifted its holdings in shares of Mama's Creations by 45.5% during the second quarter. State of Wyoming now owns 23,405 shares of the company's stock valued at $194,000 after purchasing an additional 7,324 shares during the last quarter. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Mama's Creations during the second quarter valued at $2,047,000. Bank of America Corp DE lifted its holdings in shares of Mama's Creations by 24.4% during the second quarter. Bank of America Corp DE now owns 29,122 shares of the company's stock valued at $242,000 after purchasing an additional 5,717 shares during the last quarter. Walleye Capital LLC purchased a new stake in Mama's Creations in the 2nd quarter worth about $87,000. Finally, Invesco Ltd. lifted its stake in Mama's Creations by 29.5% in the 2nd quarter. Invesco Ltd. now owns 20,184 shares of the company's stock worth $168,000 after acquiring an additional 4,600 shares in the last quarter. 45.18% of the stock is owned by hedge funds and other institutional investors.

Mama's Creations Company Profile

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.