Lake Street Capital Issues Positive Forecast for Mama's Creations (NASDAQ:MAMA) Stock Price

Key Points

• Lake Street Capital has raised the price target for Mama's Creations (NASDAQ:MAMA) from $11.00 to $15.00, suggesting a potential upside of 65.84% from its current price.
• The stock has a consensus rating of "Moderate Buy" among analysts, with four firms maintaining buy ratings and one downgrading to hold.
• Mama's Creations reported a quarterly earnings per share of $0.03, surpassing expectations, with revenue of $35.20 million compared to analyst estimates of $33.18 million.

Mama's Creations (NASDAQ:MAMA - Free Report) had its price target increased by Lake Street Capital from $11.00 to $15.00 in a report released on Tuesday, MarketBeat.com reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently weighed in on MAMA. Wall Street Zen cut shares of Mama's Creations from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Zacks Research cut shares of Mama's Creations from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, Roth Capital reaffirmed a "buy" rating and set a $10.00 price target (up from $9.00) on shares of Mama's Creations in a research note on Wednesday, June 4th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.00.

Mama's Creations Stock Performance

MAMA traded down $0.19 during trading on Tuesday, hitting $9.41. The stock had a trading volume of 320,380 shares, compared to its average volume of 290,616. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.58. The firm has a market capitalization of $381.11 million, a P/E ratio of 87.27 and a beta of 0.65. The company's 50-day moving average price is $8.72 and its 200 day moving average price is $7.60. Mama's Creations has a twelve month low of $5.50 and a twelve month high of $9.98.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last announced its quarterly earnings data on Monday, September 8th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The company 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 3.34% and a return on equity of 17.41%. During the same period in the previous year, the company posted $0.03 EPS. On average, equities research 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 modified their holdings of MAMA. Bank of America Corp DE increased its position in Mama's Creations by 32.1% during the fourth quarter. Bank of America Corp DE now owns 33,882 shares of the company's stock worth $270,000 after purchasing an additional 8,242 shares during the last quarter. Rhumbline Advisers increased its position in Mama's Creations by 5.0% during the first quarter. Rhumbline Advisers now owns 44,699 shares of the company's stock worth $291,000 after purchasing an additional 2,146 shares during the last quarter. Deutsche Bank AG increased its position in Mama's Creations by 3,085.4% during the 4th quarter. Deutsche Bank AG now owns 26,407 shares of the company's stock worth $210,000 after purchasing an additional 25,578 shares in the last quarter. Nuveen LLC acquired a new stake in Mama's Creations during the 1st quarter worth approximately $388,000. Finally, Northern Trust Corp increased its position in Mama's Creations by 2.6% during the 4th quarter. Northern Trust Corp now owns 268,933 shares of the company's stock worth $2,141,000 after purchasing an additional 6,728 shares in the last quarter. Institutional investors and hedge funds 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.