Brokerages Set Mama’s Creations, Inc. (NASDAQ:MAMA) Target Price at $18.80

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have been assigned an average recommendation of “Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $19.8333.

Several research analysts have recently weighed in on the stock. Benchmark started coverage on shares of Mama’s Creations in a research note on Tuesday, July 21st. They set a “buy” rating and a $25.00 price objective on the stock. DA Davidson reiterated a “buy” rating and set a $25.00 price objective on shares of Mama’s Creations in a research report on Monday, July 13th. Weiss Ratings cut shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Zacks Research raised shares of Mama’s Creations from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen downgraded shares of Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday, July 12th.

Institutional Investors Weigh In On Mama’s Creations

Several institutional investors have recently made changes to their positions in MAMA. Vanguard Group Inc. grew its position in Mama’s Creations by 0.4% during the third quarter. Vanguard Group Inc. now owns 1,893,943 shares of the company’s stock worth $19,905,000 after buying an additional 7,254 shares in the last quarter. Next Century Growth Investors LLC raised its holdings in Mama’s Creations by 54.5% in the 4th quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company’s stock valued at $22,817,000 after acquiring an additional 596,688 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Mama’s Creations by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 898,594 shares of the company’s stock valued at $12,125,000 after acquiring an additional 68,506 shares during the period. Park West Asset Management LLC bought a new stake in shares of Mama’s Creations during the 3rd quarter valued at $8,408,000. Finally, State Street Corp grew its holdings in shares of Mama’s Creations by 6.1% during the 4th quarter. State Street Corp now owns 734,201 shares of the company’s stock worth $9,904,000 after purchasing an additional 42,059 shares in the last quarter. 45.18% of the stock is currently owned by institutional investors.

Mama’s Creations Price Performance

MAMA stock opened at $17.74 on Monday. The company has a market cap of $726.28 million, a price-to-earnings ratio of 126.71 and a beta of 0.56. Mama’s Creations has a twelve month low of $7.88 and a twelve month high of $21.00. The business has a 50 day moving average price of $16.68 and a two-hundred day moving average price of $15.59. The company has a quick ratio of 1.90, a current ratio of 2.32 and a debt-to-equity ratio of 0.09.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings data on Monday, June 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Mama’s Creations had a return on equity of 14.69% and a net margin of 3.21%.The company had revenue of $52.77 million for the quarter, compared to analysts’ expectations of $51.63 million. During the same quarter in the prior year, the business posted $0.03 EPS. Analysts anticipate that Mama’s Creations will post 0.26 EPS for the current fiscal year.

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.