Analysts Set Mama’s Creations, Inc. (NASDAQ:MAMA) PT at $17.60

Mama’s Creations, Inc. (NASDAQ:MAMA) has earned an average rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $17.60.

MAMA has been the topic of several analyst reports. Roth Mkm increased their price target on Mama’s Creations from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Wall Street Zen upgraded Mama’s Creations from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Zacks Research upgraded Mama’s Creations from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Mama’s Creations in a report on Monday, December 29th. Finally, Maxim Group set a $20.00 price objective on Mama’s Creations in a research report on Tuesday, December 9th.

Mama’s Creations Stock Performance

MAMA opened at $14.76 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.38 and a debt-to-equity ratio of 0.11. Mama’s Creations has a 12-month low of $5.50 and a 12-month high of $15.30. The firm has a 50 day moving average of $13.10 and a two-hundred day moving average of $10.87. The firm has a market capitalization of $599.99 million, a PE ratio of 134.19 and a beta of 0.80.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings data on Monday, December 8th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. Mama’s Creations had a net margin of 3.08% and a return on equity of 16.72%. The business had revenue of $47.27 million for the quarter, compared to the consensus estimate of $43.21 million. During the same period in the prior year, the firm earned $0.01 EPS. On average, analysts anticipate that Mama’s Creations will post 0.09 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Park West Asset Management LLC acquired a new position in shares of Mama’s Creations in the third quarter worth about $8,408,000. Brown Capital Management LLC acquired a new position in Mama’s Creations in the 3rd quarter worth about $7,332,000. Alyeska Investment Group L.P. acquired a new position in Mama’s Creations in the 3rd quarter worth about $4,182,000. Gilder Gagnon Howe & Co. LLC purchased a new position in Mama’s Creations during the second quarter worth approximately $2,047,000. Finally, Aristides Capital LLC grew its holdings in Mama’s Creations by 72.5% in the third quarter. Aristides Capital LLC now owns 309,305 shares of the company’s stock valued at $3,251,000 after purchasing an additional 130,000 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. 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.