Mama’s Creations, Inc. (NASDAQ:MAMA) Receives $17.60 Consensus PT from Analysts

by · The Cerbat Gem

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA – Get Free Report) have earned an average rating of “Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $17.60.

MAMA has been the subject of several recent research reports. Roth Capital increased their price target on shares of Mama’s Creations from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Zacks Research upgraded shares of Mama’s Creations from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Mama’s Creations in a report on Monday, December 29th. Craig Hallum raised their price objective on Mama’s Creations from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Finally, DA Davidson boosted their price objective on shares of Mama’s Creations from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th.

View Our Latest Research Report on Mama’s Creations

Insider Transactions at Mama’s Creations

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 3,512 shares of the stock in a transaction on Monday, October 13th. The shares were sold at an average price of $10.70, for a total value of $37,578.40. Following the completion of the sale, the chief executive officer owned 595,148 shares in the company, valued at $6,368,083.60. This trade represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 6.50% of the company’s stock.

Institutional Trading of Mama’s Creations

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Alyeska Investment Group L.P. acquired a new position in Mama’s Creations in the 3rd quarter valued at $4,182,000. Virtus Advisers LLC bought a new stake in shares of Mama’s Creations in the third quarter valued at about $173,000. Verition Fund Management LLC acquired a new position in shares of Mama’s Creations in the third quarter valued at about $105,000. Sherbrooke Park Advisers LLC bought a new position in Mama’s Creations during the third quarter worth about $160,000. Finally, Punch & Associates Investment Management Inc. raised its stake in Mama’s Creations by 26.9% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 165,000 shares of the company’s stock worth $1,734,000 after purchasing an additional 35,000 shares in the last quarter. Institutional investors own 45.18% of the company’s stock.

Mama’s Creations Trading Down 0.9%

Shares of Mama’s Creations stock opened at $12.81 on Thursday. The company’s fifty day simple moving average is $11.93 and its 200-day simple moving average is $10.24. Mama’s Creations has a 1 year low of $5.50 and a 1 year high of $14.97. The company has a current ratio of 1.85, a quick ratio of 1.38 and a debt-to-equity ratio of 0.11. The company has a market cap of $520.73 million, a price-to-earnings ratio of 116.47 and a beta of 0.80.

Mama’s Creations (NASDAQ:MAMA – Get Free Report) last released its earnings results on Monday, December 8th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $47.27 million for the quarter, compared to the consensus estimate of $43.21 million. Mama’s Creations had a return on equity of 16.72% and a net margin of 3.08%.During the same period last year, the business earned $0.01 earnings per share. As a group, sell-side analysts expect that Mama’s Creations will post 0.09 EPS for the current year.

About Mama’s Creations

(Get Free Report)

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. Its brands include MamaMancini’s, Creative Salads, and The Olive Branch. The company was founded by Daniel Dougherty on July 22, 2009 and is headquartered in East Rutherford, NJ.

Read More