Mama’s Creations, Inc. (NASDAQ:MAMA) Receives Average Rating of “Moderate Buy” from Brokerages

Mama’s Creations, Inc. (NASDAQ:MAMA) has earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $18.80.

A number of analysts have issued reports on the company. Weiss Ratings raised Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 13th. Zacks Research downgraded Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. DA Davidson reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Mama’s Creations in a research note on Wednesday, May 20th. Finally, Wall Street Zen downgraded Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd.

Mama’s Creations Stock Down 0.8%

Shares of MAMA opened at $15.15 on Friday. The business’s 50 day moving average is $14.64 and its 200 day moving average is $14.33. The company has a market capitalization of $616.76 million, a PE ratio of 126.25 and a beta of 0.60. Mama’s Creations has a 12-month low of $7.75 and a 12-month high of $17.85. The company has a current ratio of 2.17, a quick ratio of 1.71 and a debt-to-equity ratio of 0.10.

Mama’s Creations (NASDAQ:MAMA) last issued its earnings results on Tuesday, April 14th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to the consensus estimate of $52.64 million. Research analysts expect that Mama’s Creations will post 0.25 earnings per share for the current fiscal year.

Insider Transactions at Mama’s Creations

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 16,223 shares of Mama’s Creations stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $15.30, for a total value of $248,211.90. Following the sale, the chief executive officer owned 695,288 shares of the company’s stock, valued at $10,637,906.40. The trade was a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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. 1.03% of the stock is currently owned by insiders.

Institutional Trading of Mama’s Creations

Large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in Mama’s Creations in the 4th quarter worth approximately $63,000. SG Americas Securities LLC purchased a new position in shares of Mama’s Creations in the 4th quarter worth approximately $119,000. Bridgeway Capital Management LLC purchased a new position in shares of Mama’s Creations in the 4th quarter worth approximately $135,000. Verition Fund Management LLC purchased a new position in shares of Mama’s Creations in the 3rd quarter worth approximately $105,000. Finally, Walleye Capital LLC purchased a new position in shares of Mama’s Creations in the 2nd quarter worth approximately $87,000. 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.