StoneX on Mama’s Creations (MAMA): 'We Remain High-Conviction Buyers'

StoneX analyst Benjamin Klieve reiterated a Buy rating and $25.00 price target on Mama’s Creations (NASDAQ: MAMA).

The analyst commented, "Mama’s delivered yet another quarter which was ahead of high expectations, and most notably announced major retail wins with a long-awaited launch at Kroger and a return of a high value placement at Costco. These two significant wins provide plenty of visibility of Mama’s enduring double-digit growth to continue, while its rollup strategy is positioned for an earnings step change via a $134M net cash position exiting the quarter. Shares were up modestly in the aftermarket trade on the result, and we remain high conviction buyers of Mama’s given its consistent ability to execute, the enduring strength of the prepared food category and a looming M&A catalyst."

For an analyst ratings summary and ratings history on Mama’s Creations click here. For more ratings news on Mama’s Creations click here.

Shares of Mama’s Creations closed at $15.96 yesterday.

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