Mama’s Creations (NASDAQ:MAMA) CEO Adam Laurance Michaels Sells 16,223 Shares

Mama’s Creations, Inc. (NASDAQ:MAMA) CEO Adam Laurance Michaels sold 16,223 shares of the business’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $15.30, for a total value of $248,211.90. Following the transaction, the chief executive officer directly owned 695,288 shares of the company’s stock, valued at $10,637,906.40. This represents a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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.

Mama’s Creations Stock Performance

MAMA opened at $14.22 on Tuesday. The company has a quick ratio of 1.71, a current ratio of 2.17 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average price is $15.65 and its two-hundred day moving average price is $13.54. The firm has a market capitalization of $578.19 million, a P/E ratio of 118.50 and a beta of 0.72. Mama’s Creations, Inc. has a 12-month low of $6.07 and a 12-month high of $17.85.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings results on Tuesday, April 14th. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. Mama’s Creations had a return on equity of 15.31% and a net margin of 3.06%.The company had revenue of $53.99 million during the quarter, compared to analyst estimates of $52.64 million. On average, equities analysts forecast that Mama’s Creations, Inc. will post 0.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MAMA. Wall Street Zen upgraded shares of Mama’s Creations from a “hold” rating to a “buy” rating in a research report on Saturday. DA Davidson increased their target price on shares of Mama’s Creations to $25.00 and gave the company a “buy” rating in a research note on Thursday. Weiss Ratings upgraded Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 13th. Finally, Zacks Research raised Mama’s Creations from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $18.80.

Hedge Funds Weigh In On Mama’s Creations

A number of hedge funds have recently made changes to their positions in MAMA. Park West Asset Management LLC acquired a new position in Mama’s Creations in the third quarter worth about $8,408,000. Brown Capital Management LLC acquired a new stake in Mama’s Creations during the third quarter valued at approximately $7,332,000. Next Century Growth Investors LLC grew its stake in shares of Mama’s Creations by 54.5% in the 4th quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company’s stock valued at $22,817,000 after purchasing an additional 596,688 shares during the period. Pillsbury Lake Capital LLC bought a new stake in shares of Mama’s Creations in the 4th quarter valued at approximately $6,653,000. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Mama’s Creations in the 3rd quarter worth approximately $4,182,000. Institutional investors and hedge funds own 45.18% of the company’s stock.

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. 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.