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

Mama’s Creations, Inc. (NASDAQ:MAMA) has been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $14.25.

Several brokerages have recently commented on MAMA. Roth Capital raised their price objective on shares of Mama’s Creations from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. DA Davidson reissued a “buy” rating and set a $18.00 target price on shares of Mama’s Creations in a research note on Tuesday, October 14th. Zacks Research downgraded shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Wall Street Zen lowered shares of Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Mama’s Creations in a research report on Monday, December 1st.

Insider Activity at Mama’s Creations

In other news, CEO Adam Laurance Michaels sold 65,220 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $10.89, for a total transaction of $710,245.80. Following the transaction, the chief executive officer directly owned 598,660 shares of the company’s stock, valued at $6,519,407.40. This represents a 9.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Shirley Romig sold 4,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $10.18, for a total value of $40,720.00. Following the completion of the transaction, the director owned 17,139 shares in the company, valued at approximately $174,475.02. This represents a 18.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 72,732 shares of company stock worth $788,544. Corporate insiders own 6.50% of the company’s stock.

Institutional Investors Weigh In On Mama’s Creations

Several institutional investors have recently bought and sold shares of the stock. Park West Asset Management LLC bought a new stake in Mama’s Creations in the third quarter worth about $8,408,000. Brown Capital Management LLC bought a new position in shares of Mama’s Creations during the 3rd quarter valued at approximately $7,332,000. Alyeska Investment Group L.P. purchased a new stake in shares of Mama’s Creations during the 3rd quarter worth approximately $4,182,000. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Mama’s Creations in the 2nd quarter worth approximately $2,047,000. Finally, Penn Capital Management Company LLC raised its holdings in shares of Mama’s Creations by 170.1% in the 1st quarter. Penn Capital Management Company LLC now owns 332,948 shares of the company’s stock worth $2,167,000 after purchasing an additional 209,680 shares during the period. Institutional investors own 45.18% of the company’s stock.

Mama’s Creations Stock Down 1.8%

Mama’s Creations stock opened at $11.47 on Friday. The firm has a 50 day moving average price of $10.76 and a two-hundred day moving average price of $9.41. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.15 and a current ratio of 1.58. Mama’s Creations has a 52-week low of $5.50 and a 52-week high of $12.13. The firm has a market cap of $466.29 million, a price-to-earnings ratio of 104.28 and a beta of 0.79.

Mama’s Creations (NASDAQ:MAMA) last announced its earnings results on Monday, September 8th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. Mama’s Creations had a return on equity of 17.41% and a net margin of 3.34%.The company had revenue of $35.20 million for the quarter, compared to analyst estimates of $33.18 million. During the same quarter in the prior year, the company earned $0.03 EPS. Equities analysts predict that Mama’s Creations will post 0.09 EPS for the current year.

Mama’s Creations Company Profile

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.