Mama’s Creations (NASDAQ:MAMA) Sets New 1-Year High – Here’s Why

Mama’s Creations, Inc. (NASDAQ:MAMA) reached a new 52-week high on Thursday . The stock traded as high as $15.95 and last traded at $15.45, with a volume of 422996 shares. The stock had previously closed at $15.38.

Analyst Ratings Changes

Several brokerages have recently commented on MAMA. Lake Street Capital raised their target price on Mama’s Creations from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. 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 reaffirmed a “hold (c+)” rating on shares of Mama’s Creations in a research note on Monday, December 29th. Roth Mkm 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. Finally, Craig Hallum raised their price target on shares of Mama’s Creations from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $17.60.

Mama’s Creations Price Performance

The company has a market capitalization of $628.04 million, a PE ratio of 140.47 and a beta of 0.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.38 and a current ratio of 1.85. The stock has a 50 day moving average price of $13.56 and a two-hundred day moving average price of $11.09.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings data on Monday, December 8th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm 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 quarter in the prior year, the company posted $0.01 earnings per share. Equities analysts forecast that Mama’s Creations, Inc. will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Mama’s Creations by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,893,943 shares of the company’s stock valued at $19,905,000 after purchasing an additional 7,254 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in Mama’s Creations by 1.6% during the third quarter. First Eagle Investment Management LLC now owns 1,337,614 shares of the company’s stock valued at $14,058,000 after buying an additional 21,700 shares in the last quarter. Grandeur Peak Global Advisors LLC raised its holdings in Mama’s Creations by 8.6% during the second quarter. Grandeur Peak Global Advisors LLC now owns 1,158,781 shares of the company’s stock valued at $9,618,000 after buying an additional 91,857 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Mama’s Creations by 7.2% in the second quarter. Geode Capital Management LLC now owns 821,094 shares of the company’s stock worth $6,816,000 after buying an additional 55,173 shares during the last quarter. Finally, Park West Asset Management LLC acquired a new stake in shares of Mama’s Creations in the third quarter worth about $8,408,000. Institutional investors 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. 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.