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

Mama’s Creations, Inc. (NASDAQ:MAMA) has been assigned an average rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $18.80.

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

Insider Transactions at Mama’s Creations

In other Mama’s Creations 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 completion of the sale, the chief executive officer directly owned 695,288 shares in the company, valued at $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 SEC, which is available at 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 owned by company insiders.

Institutional Investors Weigh In On Mama’s Creations

A number of hedge funds and other institutional investors have recently modified their holdings of MAMA. Creative Planning acquired a new stake in shares of Mama’s Creations during the second quarter worth $141,000. Rhumbline Advisers lifted its holdings in shares of Mama’s Creations by 4.8% during the second quarter. Rhumbline Advisers now owns 46,824 shares of the company’s stock worth $389,000 after buying an additional 2,125 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Mama’s Creations by 1.6% during the second quarter. American Century Companies Inc. now owns 89,062 shares of the company’s stock worth $739,000 after buying an additional 1,375 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Mama’s Creations during the second quarter worth $100,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Mama’s Creations during the second quarter worth $136,000. Institutional investors and hedge funds own 45.18% of the company’s stock.

Mama’s Creations Trading Down 4.8%

Shares of Mama’s Creations stock opened at $13.80 on Friday. The business has a fifty day simple moving average of $14.65 and a two-hundred day simple moving average of $14.17. Mama’s Creations has a 1 year low of $7.60 and a 1 year high of $17.85. The company has a market capitalization of $561.80 million, a price-to-earnings ratio of 115.00 and a beta of 0.64. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.17 and a quick ratio of 1.71.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly 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 business had revenue of $53.99 million during the quarter, compared to the consensus estimate of $52.64 million. Research analysts forecast that Mama’s Creations will post 0.25 EPS for the current year.

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.