Mama’s Creations (NASDAQ:MAMA) Stock Price Expected to Rise, Lake Street Capital Analyst Says

Mama’s Creations (NASDAQ:MAMA) had its price objective raised by Lake Street Capital from $10.00 to $11.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also issued reports on MAMA. Craig Hallum raised their target price on shares of Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Roth Mkm reissued a “buy” rating and set a $10.00 price objective (up from $8.50) on shares of Mama’s Creations in a research report on Wednesday, September 11th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $10.50.

Mama’s Creations Price Performance

Shares of NASDAQ:MAMA opened at $8.25 on Tuesday. Mama’s Creations has a 12 month low of $3.70 and a 12 month high of $9.98. The firm has a market capitalization of $310.01 million, a P/E ratio of 91.67 and a beta of 1.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.17. The company’s fifty day moving average price is $8.46 and its 200 day moving average price is $7.80.

Mama’s Creations (NASDAQ:MAMA) last announced its earnings results on Monday, December 16th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Mama’s Creations had a net margin of 4.51% and a return on equity of 25.53%. During the same period last year, the firm earned $0.05 earnings per share. As a group, sell-side analysts predict that Mama’s Creations will post 0.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Adam Laurance Michaels sold 65,898 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $7.42, for a total transaction of $488,963.16. Following the transaction, the chief executive officer now directly owns 543,260 shares in the company, valued at $4,030,989.20. The trade was a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 10.00% of the company’s stock.

Institutional Investors Weigh In On Mama’s Creations

A number of hedge funds have recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC purchased a new position in shares of Mama’s Creations during the 3rd quarter worth approximately $1,205,000. Evernest Financial Advisors LLC raised its position in Mama’s Creations by 276.0% in the third quarter. Evernest Financial Advisors LLC now owns 188,000 shares of the company’s stock worth $1,372,000 after acquiring an additional 138,000 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Mama’s Creations by 312.6% in the second quarter. Bank of New York Mellon Corp now owns 118,165 shares of the company’s stock valued at $796,000 after acquiring an additional 89,527 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Mama’s Creations by 166.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 619,376 shares of the company’s stock worth $4,175,000 after purchasing an additional 386,542 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Mama’s Creations during the 3rd quarter worth $1,106,000. Institutional investors and hedge funds own 45.18% of the company’s stock.

About Mama’s Creations

Mama's Creations, Inc, together with its subsidiaries, manufactures and markets prepared refrigerated foods primarily in the United States. The company offers beef and turkey meatballs, meat loaf, chicken, sausage-related products, and pasta entrees; and hot bars, salad bars, prepared foods, sandwich, and cold deli and foods-to-go sections.