Mama’s Creations’ (MAMA) Buy Rating Reiterated at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Mama’s Creations (NASDAQ:MAMA) in a report released on Tuesday morning,Benzinga reports. They currently have a $11.00 target price on the stock, up from their previous target price of $10.00.

A number of other brokerages have also weighed in on MAMA. Craig Hallum boosted their price objective on shares of Mama’s Creations from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Lake Street Capital increased their price objective on Mama’s Creations from $10.00 to $11.00 and gave the company a “buy” rating in a report on Tuesday. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Mama’s Creations currently has an average rating of “Buy” and a consensus price target of $10.50.

Mama’s Creations Price Performance

NASDAQ MAMA opened at $7.50 on Tuesday. The firm’s fifty day simple moving average is $8.44 and its two-hundred day simple moving average is $7.81. The firm has a market capitalization of $281.83 million, a P/E ratio of 57.70 and a beta of 1.10. The company has a current ratio of 1.37, a quick ratio of 1.17 and a debt-to-equity ratio of 0.18. Mama’s Creations has a 12-month low of $4.17 and a 12-month high of $9.98.

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 the consensus estimate 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 business earned $0.05 EPS. Analysts forecast that Mama’s Creations will post 0.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 65,898 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $7.42, for a total value of $488,963.16. Following the sale, the chief executive officer now owns 543,260 shares in the company, valued at approximately $4,030,989.20. This represents a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 10.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Mama’s Creations

Several institutional investors have recently made changes to their positions in the company. Planning Capital Management Corp acquired a new stake in Mama’s Creations during the third quarter valued at $36,000. FMR LLC boosted its stake in shares of Mama’s Creations by 23,422.7% during the 3rd quarter. FMR LLC now owns 5,175 shares of the company’s stock worth $38,000 after acquiring an additional 5,153 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Mama’s Creations during the 3rd quarter valued at about $90,000. The Manufacturers Life Insurance Company purchased a new position in shares of Mama’s Creations in the 2nd quarter valued at about $86,000. Finally, Ballentine Partners LLC purchased a new position in shares of Mama’s Creations in the 3rd quarter valued at about $110,000. 45.18% of the stock is owned by hedge funds and other institutional investors.

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.