Mama’s Creations (NASDAQ:MAMA) Trading Down 5.5% – Time to Sell?

Mama’s Creations, Inc. (NASDAQ:MAMA) shares traded down 5.5% on Thursday . The stock traded as low as $14.66 and last traded at $14.5970. 78,001 shares were traded during mid-day trading, a decline of 81% from the average session volume of 418,054 shares. The stock had previously closed at $15.44.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. DA Davidson reissued a “buy” rating and issued a $25.00 target price on shares of Mama’s Creations in a research note on Wednesday. Weiss Ratings raised shares of Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 13th. Zacks Research downgraded shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wall Street Zen downgraded shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Mama’s Creations currently has an average rating of “Moderate Buy” and a consensus target price of $18.80.

Mama’s Creations Trading Up 0.7%

The stock’s fifty day moving average price is $14.82 and its 200 day moving average price is $14.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.17 and a quick ratio of 1.71. The stock has a market capitalization of $602.92 million, a P/E ratio of 123.42 and a beta of 0.64.

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 analysts’ consensus estimates of $0.05. The firm had revenue of $53.99 million for 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%. Research analysts forecast that Mama’s Creations, Inc. will post 0.25 earnings per share for the current year.

Insider Activity at Mama’s Creations

In other news, CEO Adam Laurance Michaels sold 16,223 shares of the company’s stock in a transaction dated 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 directly owned 695,288 shares in the company, valued at approximately $10,637,906.40. This represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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. Insiders own 6.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brown Capital Management LLC bought a new position in Mama’s Creations during the 3rd quarter worth about $7,332,000. Kornitzer Capital Management Inc. KS bought a new position in Mama’s Creations during the 4th quarter worth about $1,016,000. Aristides Capital LLC grew its holdings in Mama’s Creations by 72.5% during the 3rd quarter. Aristides Capital LLC now owns 309,305 shares of the company’s stock worth $3,251,000 after acquiring an additional 130,000 shares in the last quarter. Nicholas Company Inc. grew its holdings in Mama’s Creations by 18.6% during the 4th quarter. Nicholas Company Inc. now owns 394,601 shares of the company’s stock worth $5,323,000 after acquiring an additional 61,860 shares in the last quarter. Finally, Trail Ridge Investment Advisors LLC grew its holdings in Mama’s Creations by 4.3% during the 4th quarter. Trail Ridge Investment Advisors LLC now owns 78,680 shares of the company’s stock worth $1,061,000 after acquiring an additional 3,230 shares in the last quarter. 45.18% of the stock is currently owned by institutional investors.

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.