Mama’s Creations, Inc. (NASDAQ:MAMA) Given Consensus Recommendation of “Moderate Buy” by Analysts

by · The Cerbat Gem

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $18.80.

Several research firms have weighed in on MAMA. Zacks Research downgraded shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. DA Davidson increased their target price on shares of Mama’s Creations to $25.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Wall Street Zen downgraded shares of Mama’s Creations from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings upgraded shares of Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 13th.

Read Our Latest Report on MAMA

Mama’s Creations Stock Performance

MAMA opened at $13.49 on Wednesday. The company has a current ratio of 2.17, a quick ratio of 1.71 and a debt-to-equity ratio of 0.10. The company’s fifty day moving average price is $15.08 and its two-hundred day moving average price is $13.85. Mama’s Creations has a 1-year low of $6.49 and a 1-year high of $17.85. The company has a market cap of $548.50 million, a price-to-earnings ratio of 112.42 and a beta of 0.64.

Mama’s Creations (NASDAQ:MAMA – Get Free Report) last released its quarterly earnings data on Tuesday, April 14th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Mama’s Creations had a net margin of 3.06% and a return on equity of 15.31%. The firm had revenue of $53.99 million for the quarter, compared to the consensus estimate of $52.64 million. On average, analysts expect that Mama’s Creations will post 0.25 EPS for the current fiscal year.

Insider Activity at Mama’s Creations

In other news, CEO Adam Laurance Michaels sold 16,223 shares of the stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $15.30, for a total value of $248,211.90. Following the completion of the sale, the chief executive officer owned 695,288 shares in the company, valued at $10,637,906.40. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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. 6.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Mama’s Creations

Several institutional investors and hedge funds have recently made changes to their positions in the company. Baader Bank Aktiengesellschaft purchased a new stake in shares of Mama’s Creations in the first quarter valued at about $322,000. Granite Investment Partners LLC raised its holdings in shares of Mama’s Creations by 38.4% in the first quarter. Granite Investment Partners LLC now owns 21,167 shares of the company’s stock valued at $325,000 after purchasing an additional 5,872 shares during the last quarter. North Star Investment Management Corp. purchased a new stake in shares of Mama’s Creations in the first quarter valued at about $307,000. Invesco Ltd. raised its holdings in shares of Mama’s Creations by 10.9% in the fourth quarter. Invesco Ltd. now owns 22,299 shares of the company’s stock valued at $301,000 after purchasing an additional 2,183 shares during the last quarter. Finally, Pillsbury Lake Capital LLC purchased a new stake in shares of Mama’s Creations in the fourth quarter valued at about $6,653,000. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Mama’s Creations Company Profile

(Get Free Report)

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.

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