Mama’s Creations, Inc. (NASDAQ:MAMA – Get Free Report) has been given a consensus rating of “Buy” by the eight analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $20.00.
Several research firms have recently issued reports on MAMA. DA Davidson decreased their price target 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. William Blair began coverage on Mama’s Creations in a report on Friday, July 24th. They issued an “outperform” rating for the company. Zacks Research downgraded Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Wall Street Zen lowered Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Lake Street Capital restated a “buy” rating and set a $22.00 price objective on shares of Mama’s Creations in a research report on Friday, September 4th.
View Our Latest Research Report on Mama’s Creations
Mama’s Creations Price Performance
Mama’s Creations (NASDAQ:MAMA – Get Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. Mama’s Creations had a net margin of 3.53% and a return on equity of 10.05%. The company had revenue of $54.58 million during the quarter, compared to the consensus estimate of $52.85 million. On average, research analysts forecast that Mama’s Creations will post 0.25 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Persistent Asset Partners Ltd bought a new position in shares of Mama’s Creations during the 2nd quarter valued at $59,000. Legal & General Group Plc acquired a new position in Mama’s Creations during the second quarter valued at approximately $65,000. Group One Trading LLC bought a new position in shares of Mama’s Creations in the second quarter valued at approximately $81,000. California State Teachers Retirement System lifted its stake in shares of Mama’s Creations by 362.4% in the second quarter. California State Teachers Retirement System now owns 9,193 shares of the company’s stock worth $164,000 after buying an additional 7,205 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Mama’s Creations during the 2nd quarter worth $180,000. Hedge funds and other institutional investors own 45.18% of the company’s stock.
Mama’s Creations Company Profile
Mama’s Creations, Inc is a food company that develops, produces and distributes prepared foods, with a focus on convenient, heat-and-eat products inspired by Italian and other comfort-food recipes. The company is best known for its meatballs and related refrigerated and frozen offerings, including products made with beef, turkey, pork, chicken and plant-based ingredients.
Its portfolio also includes stuffed shells, sauces, entrées, soups and side dishes sold under the Mama’s Creations and MamaMancini’s brands, among others.
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