Mama's Creations (NASDAQ:MAMA) Given New $15.00 Price Target at Lake Street Capital

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 objective hoisted by Lake Street Capital from $11.00 to $15.00 in a report published on Tuesday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Several other research firms have also commented on MAMA. Roth Capital reiterated a "buy" rating and set a $10.00 price objective (up previously from $9.00) on shares of Mama's Creations in a research note on Wednesday, June 4th. Wall Street Zen lowered shares of Mama's Creations from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Finally, Zacks Research downgraded shares of Mama's Creations from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.00.

Mama's Creations Stock Down 2.0%

Shares of NASDAQ MAMA traded down $0.19 during trading hours on Tuesday, hitting $9.41. 320,380 shares of the stock were exchanged, compared to its average volume of 290,616. The company has a quick ratio of 1.01, a current ratio of 1.58 and a debt-to-equity ratio of 0.05. The company has a market cap of $381.10 million, a PE ratio of 85.55 and a beta of 0.65. The firm has a fifty day moving average price of $8.72 and a 200-day moving average price of $7.61. Mama's Creations has a 12 month low of $5.50 and a 12 month high of $9.98.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $0.03 EPS. On average, sell-side analysts expect that Mama's Creations will post 0.09 EPS for the current year.

Institutional Trading of Mama's Creations

Large investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its position in Mama's Creations by 32.1% during the 4th 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 boosted its holdings 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 buying an additional 2,146 shares in the last quarter. Deutsche Bank AG boosted its holdings in Mama's Creations by 3,085.4% during the fourth quarter. Deutsche Bank AG now owns 26,407 shares of the company's stock worth $210,000 after buying an additional 25,578 shares in the last quarter. Nuveen LLC acquired a new position in Mama's Creations during the first quarter worth $388,000. Finally, Northern Trust Corp raised its position in Mama's Creations by 2.6% during the fourth quarter. Northern Trust Corp now owns 268,933 shares of the company's stock worth $2,141,000 after acquiring an additional 6,728 shares during the period. Hedge funds and other institutional investors own 45.18% of the company's stock.

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.