Mama’s Creations (NASDAQ:MAMA) Upgraded at DA Davidson

Mama’s Creations (NASDAQ:MAMA) was upgraded by equities researchers at DA Davidson to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other analysts have also recently commented on the stock. 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. Weiss Ratings cut shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Finally, Wall Street Zen raised Mama’s Creations from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.80.

Mama’s Creations Stock Performance

Mama’s Creations stock traded down $0.08 during midday trading on Monday, hitting $18.57. 114,060 shares of the company’s stock were exchanged, compared to its average volume of 485,273. The firm’s 50 day simple moving average is $15.56 and its 200 day simple moving average is $15.17. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.32. The stock has a market cap of $760.26 million, a price-to-earnings ratio of 132.29 and a beta of 0.56. Mama’s Creations has a 12-month low of $7.88 and a 12-month high of $21.00.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Monday, June 8th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Mama’s Creations had a return on equity of 14.69% and a net margin of 3.21%.The business had revenue of $52.77 million during the quarter, compared to analysts’ expectations of $51.63 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. Equities research analysts predict that Mama’s Creations will post 0.26 EPS for the current year.

Insider Buying and Selling at Mama’s Creations

In related news, CEO Adam Laurance Michaels sold 16,223 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $15.30, for a total transaction of $248,211.90. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, 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. 1.03% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Kornitzer Capital Management Inc. KS purchased a new stake in Mama’s Creations in the fourth quarter valued at approximately $1,016,000. Royce & Associates LP purchased a new position in Mama’s Creations during the fourth quarter worth approximately $2,834,000. Nicholas Company Inc. raised its stake in Mama’s Creations by 18.6% during the fourth quarter. Nicholas Company Inc. now owns 394,601 shares of the company’s stock worth $5,323,000 after purchasing an additional 61,860 shares during the period. Next Century Growth Investors LLC boosted its holdings 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 last quarter. Finally, Aristides Capital LLC boosted its holdings in shares of Mama’s Creations by 72.5% in the 3rd quarter. Aristides Capital LLC now owns 309,305 shares of the company’s stock valued at $3,251,000 after purchasing an additional 130,000 shares during the last quarter. Institutional investors and hedge funds own 45.18% of the company’s stock.

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.