Mama’s Creations (NASDAQ:MAMA) Receives “Buy” Rating from Roth Mkm

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

MAMA has been the topic of several other research reports. Craig Hallum lifted their price target on Mama’s Creations from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Lake Street Capital lifted their target price on Mama’s Creations from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Mama’s Creations presently has an average rating of “Buy” and an average price target of $10.50.

Mama’s Creations Price Performance

Shares of MAMA opened at $8.25 on Tuesday. The stock has a 50 day simple moving average of $8.46 and a 200 day simple moving average of $7.80. Mama’s Creations has a 52-week low of $3.70 and a 52-week high of $9.98. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.17 and a current ratio of 1.37. The firm has a market capitalization of $310.01 million, a PE ratio of 91.67 and a beta of 1.10.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Monday, December 16th. The company reported $0.01 earnings per share 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 quarter last year, the firm posted $0.05 earnings per share. Sell-side analysts predict that Mama’s Creations will post 0.14 EPS for the current fiscal year.

Insider Activity at Mama’s Creations

In other news, CEO Adam Laurance Michaels sold 65,898 shares of the 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 completion of the sale, the chief executive officer now owns 543,260 shares of the company’s stock, valued at approximately $4,030,989.20. This represents a 10.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.00% of the stock is owned by company insiders.

Institutional Trading of Mama’s Creations

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Annex Advisory Services LLC increased its stake in shares of Mama’s Creations by 693.5% during the 3rd quarter. Annex Advisory Services LLC now owns 714,308 shares of the company’s stock worth $5,214,000 after purchasing an additional 624,289 shares during the last quarter. Portolan Capital Management LLC increased its position in Mama’s Creations by 177.2% during the third quarter. Portolan Capital Management LLC now owns 953,629 shares of the company’s stock worth $6,961,000 after buying an additional 609,605 shares during the last quarter. First Eagle Investment Management LLC raised its stake in Mama’s Creations by 166.0% in the second quarter. First Eagle Investment Management LLC now owns 619,376 shares of the company’s stock valued at $4,175,000 after buying an additional 386,542 shares during the period. Renaissance Technologies LLC lifted its position in shares of Mama’s Creations by 75.1% in the second quarter. Renaissance Technologies LLC now owns 441,200 shares of the company’s stock valued at $2,974,000 after buying an additional 189,247 shares during the last quarter. Finally, VELA Investment Management LLC lifted its position in shares of Mama’s Creations by 87.9% in the second quarter. VELA Investment Management LLC now owns 387,152 shares of the company’s stock valued at $2,609,000 after buying an additional 181,088 shares during the last quarter. 45.18% of the stock is owned by 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.