Mama's Creations (NASDAQ:MAMA) Price Target Raised to $13.00

Key Points

• Roth Capital raised its target price for Mama's Creations (NASDAQ:MAMA) from $10.00 to $13.00, indicating a potential upside of 36.99% from the current stock price.
• While Roth Capital and Lake Street Capital maintain buy ratings, other analysts like Wall Street Zen and Zacks Research have downgraded the stock to hold ratings, reflecting mixed sentiment among analysts.
• Mama's Creations reported $35.20 million in revenue for the latest quarter, surpassing analyst expectations, with an earnings per share (EPS) of $0.03.

Mama's Creations (NASDAQ:MAMA - Get Free Report) had its target price upped by stock analysts at Roth Capital from $10.00 to $13.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Roth Capital's price target indicates a potential upside of 36.99% from the company's current price.

Several other research analysts have also recently commented on MAMA. Wall Street Zen cut Mama's Creations from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Lake Street Capital raised their target price on Mama's Creations from $11.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Zacks Research cut Mama's Creations from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.25.

Mama's Creations Stock Performance

Shares of NASDAQ MAMA traded down $0.45 during midday trading on Tuesday, hitting $9.49. The company's stock had a trading volume of 607,862 shares, compared to its average volume of 278,137. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.01 and a current ratio of 1.29. The firm has a market cap of $356.92 million, a P/E ratio of 86.38 and a beta of 0.65. Mama's Creations has a 1-year low of $5.50 and a 1-year high of $9.98. The firm's fifty day moving average price is $8.67 and its 200-day moving average price is $7.53.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last issued its quarterly earnings results on Monday, September 8th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The firm had revenue of $35.20 million for the quarter, compared to analysts' expectations of $33.18 million. Mama's Creations had a net margin of 3.41% and a return on equity of 18.19%. During the same period in the previous year, the business earned $0.03 earnings per share. On average, sell-side analysts forecast that Mama's Creations will post 0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in Mama's Creations by 1.6% in the 2nd quarter. American Century Companies Inc. now owns 89,062 shares of the company's stock valued at $739,000 after buying an additional 1,375 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Mama's Creations by 19.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,622 shares of the company's stock valued at $101,000 after buying an additional 2,073 shares during the period. Rhumbline Advisers grew its stake in Mama's Creations by 4.8% during the second quarter. Rhumbline Advisers now owns 46,824 shares of the company's stock worth $389,000 after purchasing an additional 2,125 shares during the period. Trail Ridge Investment Advisors LLC lifted its holdings in shares of Mama's Creations by 4.3% in the first quarter. Trail Ridge Investment Advisors LLC now owns 74,647 shares of the company's stock valued at $486,000 after purchasing an additional 3,098 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in Mama's Creations by 17.7% in the second quarter. Intech Investment Management LLC now owns 20,971 shares of the company's stock worth $174,000 after buying an additional 3,156 shares during the last quarter. 45.18% of the stock is owned by institutional investors and hedge funds.

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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