Mama’s Creations, Inc. (NASDAQ:MAMA) Stock Has Average Price Target of $20.00

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have earned an average recommendation of “Buy” from the eight brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $20.00.

Several research firms have recently commented on MAMA. Weiss Ratings upgraded Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 29th. Zacks Research cut Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. William Blair started coverage on Mama’s Creations in a research report on Friday, July 24th. They issued an “outperform” rating for the company. DA Davidson cut their target price on Mama’s Creations from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, September 4th. Finally, Wall Street Zen downgraded Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th.

Insider Buying and Selling

In other Mama’s Creations news, CEO Adam Michaels sold 69,683 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $13.31, for a total value of $927,480.73. Following the transaction, the chief executive officer owned 722,719 shares of the company’s stock, valued at $9,619,389.89. This represents a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.03% of the stock is owned by insiders.

Institutional Investors Weigh In On Mama’s Creations

A number of institutional investors have recently made changes to their positions in MAMA. BlackRock Inc. purchased a new position in shares of Mama’s Creations during the second quarter worth $42,473,000. Jupiter Topco LLC purchased a new stake in shares of Mama’s Creations in the 2nd quarter valued at $23,880,000. Next Century Growth Investors LLC raised its holdings in shares of 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 buying an additional 596,688 shares during the period. Alyeska Investment Group L.P. lifted its stake in Mama’s Creations by 137.5% during the 2nd quarter. Alyeska Investment Group L.P. now owns 950,000 shares of the company’s stock worth $16,958,000 after acquiring an additional 550,000 shares in the last quarter. Finally, Park West Asset Management LLC acquired a new position in Mama’s Creations during the 2nd quarter worth about $14,280,000. 45.18% of the stock is currently owned by institutional investors and hedge funds.

Mama’s Creations Price Performance

NASDAQ:MAMA opened at $12.86 on Friday. Mama’s Creations has a one year low of $9.90 and a one year high of $21.00. The stock has a market cap of $606.35 million, a PE ratio of 75.65 and a beta of 0.56. The company has a debt-to-equity ratio of 0.03, a quick ratio of 6.48 and a current ratio of 6.93. The stock has a 50 day moving average price of $15.48 and a 200 day moving average price of $15.72.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $54.58 million for the quarter, compared to analyst estimates of $52.85 million. Mama’s Creations had a return on equity of 10.05% and a net margin of 3.53%. Equities research analysts expect that Mama’s Creations will post 0.25 EPS for the current fiscal year.

Mama’s Creations Company Profile

Mama’s Creations, Inc is a food company that develops, manufactures and distributes refrigerated and frozen prepared foods. Its product portfolio is centered on convenient, ready-to-heat and ready-to-eat items, including meatballs, stuffed shells, lasagna, eggplant Parmesan, soups, dips, salads and other deli-style foods.

The company markets products under the Mama’s Creations and Creative Salads brands, among others, and sells through grocery retailers, club stores, foodservice distributors and other retail channels.