Mama's Creations (NASDAQ:MAMA) Earns Buy Rating from Analysts at DA Davidson

Key Points

• DA Davidson has initiated coverage of Mama's Creations (NASDAQ:MAMA), issuing a "buy" rating with a price target of $18.00, indicating a potential upside of 64.38% from current levels.
• The company's latest quarterly earnings report showed earnings per share of $0.03, beating expectations, with a revenue of $35.20 million, surpassing analyst estimates.
• Institutional investors own approximately 45.18% of Mama's Creations' stock, with notable increases in holdings by several firms during the second quarter.

Equities research analysts at DA Davidson started coverage on shares of Mama's Creations (NASDAQ:MAMA - Get Free Report) in a note issued to investors on Tuesday,Benzinga reports. The brokerage set a "buy" rating and a $18.00 price target on the stock. DA Davidson's target price suggests a potential upside of 64.38% from the company's current price.

A number of other research firms have also weighed in on MAMA. Lake Street Capital lifted their price objective 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. Wall Street Zen lowered shares of Mama's Creations from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Roth Capital raised their target price on Mama's Creations from $10.00 to $13.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. Finally, Zacks Research downgraded shares of Mama's Creations from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Mama's Creations presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.25.

Mama's Creations Stock Performance

Shares of MAMA opened at $10.95 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.05. The firm has a market cap of $443.48 million, a PE ratio of 99.55 and a beta of 0.65. The company's 50 day simple moving average is $8.90 and its 200-day simple moving average is $7.81. Mama's Creations has a 12-month low of $5.50 and a 12-month high of $11.03.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last posted its quarterly earnings data on Monday, September 8th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $33.18 million. During the same period last year, the firm posted $0.03 EPS. As a group, equities analysts predict that Mama's Creations will post 0.09 EPS for the current year.

Insider Buying and Selling

In other Mama's Creations news, Director Shirley Romig sold 4,000 shares of Mama's Creations 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 completion of the sale, the director owned 17,139 shares in the company, valued at $174,475.02. The trade was a 18.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.50% of the stock is owned by company insiders.

Institutional Trading of Mama's Creations

A number of institutional investors have recently modified their holdings of the company. GatePass Capital LLC grew its holdings in shares of Mama's Creations by 8.1% during the 2nd quarter. GatePass Capital LLC now owns 239,185 shares of the company's stock worth $1,985,000 after purchasing an additional 18,000 shares during the period. State of Wyoming grew its holdings in shares of Mama's Creations by 45.5% during the 2nd quarter. State of Wyoming now owns 23,405 shares of the company's stock worth $194,000 after purchasing an additional 7,324 shares during the period. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Mama's Creations during the 2nd quarter worth about $2,047,000. Bank of America Corp DE grew its holdings in shares of Mama's Creations by 24.4% during the 2nd quarter. Bank of America Corp DE now owns 29,122 shares of the company's stock worth $242,000 after purchasing an additional 5,717 shares during the period. Finally, Walleye Capital LLC purchased a new stake in shares of Mama's Creations during the 2nd quarter worth about $87,000. Hedge funds and other institutional investors own 45.18% of the company's stock.

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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