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

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $14.25.

Several research firms have recently weighed in on MAMA. Lake Street Capital increased their price target on Mama’s Creations from $11.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Mama’s Creations in a report on Wednesday, October 8th. Zacks Research cut Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Wall Street Zen cut Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Finally, DA Davidson reissued a “buy” rating and set a $18.00 price target on shares of Mama’s Creations in a report on Tuesday, October 14th.

Insider Buying and Selling at Mama’s Creations

In other news, Director Shirley Romig sold 4,000 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $10.18, for a total value of $40,720.00. Following the completion of the sale, the director directly owned 17,139 shares in the company, valued at $174,475.02. This represents a 18.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Adam Laurance Michaels sold 3,512 shares of the company’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $10.70, for a total value of $37,578.40. Following the completion of the sale, the chief executive officer owned 595,148 shares of the company’s stock, valued at $6,368,083.60. This trade represents a 0.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,732 shares of company stock valued at $788,544 over the last 90 days. 6.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mama’s Creations

Several hedge funds and other institutional investors have recently modified their holdings of MAMA. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Mama’s Creations in the 2nd quarter worth $2,047,000. Penn Capital Management Company LLC increased its stake in shares of Mama’s Creations by 170.1% in the 1st quarter. Penn Capital Management Company LLC now owns 332,948 shares of the company’s stock worth $2,167,000 after purchasing an additional 209,680 shares in the last quarter. Diamond Hill Capital Management Inc. increased its stake in shares of Mama’s Creations by 36.1% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 558,579 shares of the company’s stock worth $3,636,000 after purchasing an additional 148,147 shares in the last quarter. Calamos Advisors LLC increased its stake in Mama’s Creations by 48.2% in the 2nd quarter. Calamos Advisors LLC now owns 356,862 shares of the company’s stock worth $2,962,000 after buying an additional 116,110 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Mama’s Creations by 16.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 732,587 shares of the company’s stock worth $6,080,000 after buying an additional 101,471 shares in the last quarter. 45.18% of the stock is currently owned by hedge funds and other institutional investors.

Mama’s Creations Stock Performance

MAMA stock opened at $10.94 on Friday. The stock has a market capitalization of $443.07 million, a PE ratio of 99.46 and a beta of 0.67. Mama’s Creations has a 12-month low of $5.50 and a 12-month high of $11.49. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.05. The stock’s 50 day simple moving average is $9.88 and its 200 day simple moving average is $8.49.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Monday, September 8th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $35.20 million for the quarter, compared to analysts’ expectations of $33.18 million. Mama’s Creations had a return on equity of 17.41% and a net margin of 3.34%.During the same period in the prior year, the firm earned $0.03 EPS. As a group, research analysts forecast that Mama’s Creations will post 0.09 earnings per share for the current fiscal year.

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.