Mama’s Creations (NASDAQ:MAMA) Stock Rating Lowered by Zacks Research

Mama’s Creations (NASDAQ:MAMA) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other analysts have also recently commented on MAMA. Wall Street Zen upgraded shares of Mama’s Creations from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. DA Davidson raised their price objective on shares of Mama’s Creations to $25.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, Weiss Ratings raised shares of Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 13th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.80.

Mama’s Creations Stock Down 1.3%

Shares of MAMA stock traded down $0.18 during trading on Monday, hitting $13.56. 77,844 shares of the company were exchanged, compared to its average volume of 423,933. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.71 and a current ratio of 2.17. The firm has a market capitalization of $551.15 million, a price-to-earnings ratio of 112.83 and a beta of 0.72. The business’s 50-day simple moving average is $15.50 and its 200 day simple moving average is $13.68. Mama’s Creations has a twelve month low of $6.37 and a twelve month high of $17.85.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings results on Tuesday, April 14th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $53.99 million during the quarter, compared to analysts’ expectations of $52.64 million. Mama’s Creations had a net margin of 3.06% and a return on equity of 15.31%. As a group, analysts forecast 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 Mama’s Creations stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $15.30, for a total value of $248,211.90. Following the transaction, the chief executive officer owned 695,288 shares of the company’s stock, valued at $10,637,906.40. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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. 6.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mama’s Creations

A number of institutional investors have recently modified their holdings of MAMA. Park West Asset Management LLC bought a new position in shares of Mama’s Creations in the third quarter valued at approximately $8,408,000. Brown Capital Management LLC bought a new position in shares of Mama’s Creations in the third quarter valued at approximately $7,332,000. Next Century Growth Investors LLC raised its position in shares of Mama’s Creations by 54.5% in the fourth 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 position in shares of Mama’s Creations in the fourth quarter valued at approximately $6,653,000. Finally, Alyeska Investment Group L.P. bought a new position in Mama’s Creations during the third quarter worth $4,182,000. Institutional investors 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.