Mama’s Creations (NASDAQ:MAMA) Shares Up 9.8% – Should You Buy?

Mama’s Creations, Inc. (NASDAQ:MAMA)’s stock price rose 9.8% on Thursday . The company traded as high as $17.25 and last traded at $17.27. 447,261 shares were traded during trading, an increase of 3% from the average daily volume of 435,259 shares. The stock had previously closed at $15.73.

Analyst Ratings Changes

MAMA has been the subject of several research analyst reports. Zacks Research cut shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. DA Davidson reiterated a “buy” rating and issued a $25.00 price target on shares of Mama’s Creations in a research note on Wednesday, May 20th. Wall Street Zen raised shares of Mama’s Creations from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Finally, Weiss Ratings lowered Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Mama’s Creations presently has an average rating of “Moderate Buy” and a consensus price target of $18.80.

Mama’s Creations Price Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 2.32 and a quick ratio of 1.90. The company’s 50-day simple moving average is $14.67 and its 200 day simple moving average is $14.66. The firm has a market cap of $723.42 million, a P/E ratio of 126.93 and a beta of 0.60.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings data on Monday, June 8th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Mama’s Creations had a net margin of 3.21% and a return on equity of 14.69%. The business had revenue of $52.77 million during the quarter, compared to analysts’ expectations of $51.63 million. During the same period last year, the company posted $0.03 EPS. Research analysts anticipate that Mama’s Creations, Inc. will post 0.26 EPS for the current fiscal year.

Insider Activity at Mama’s Creations

In related news, CEO Adam Laurance Michaels sold 16,223 shares of Mama’s Creations 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 completion of the transaction, the chief executive officer owned 695,288 shares in the company, valued at approximately $10,637,906.40. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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. Insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On Mama’s Creations

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Park West Asset Management LLC purchased a new position in shares of Mama’s Creations in the 3rd quarter worth approximately $8,408,000. Next Century Growth Investors LLC increased its position in shares of Mama’s Creations by 54.5% during 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 last quarter. Pillsbury Lake Capital LLC bought a new position in shares of Mama’s Creations during the 4th quarter valued at approximately $6,653,000. Alyeska Investment Group L.P. purchased a new stake in Mama’s Creations during the 3rd quarter valued at $4,182,000. Finally, Wellington Management Group LLP purchased a new stake in Mama’s Creations during the 4th quarter valued at $3,897,000. 45.18% of the stock is currently owned by hedge funds and other institutional investors.

About Mama’s Creations

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.