Mama’s Creations, Inc. (NASDAQ:MAMA) Stock Now Rated “Buy” by Sell-Side Brokerages

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have received an average recommendation of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $20.00.

Several analysts have commented on MAMA shares. Benchmark began coverage on Mama’s Creations in a research note on Tuesday, July 21st. They set a “buy” rating and a $25.00 target price on the stock. DA Davidson decreased their price target on Mama’s Creations from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, September 4th. Weiss Ratings raised Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 29th. Wall Street Zen cut Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $22.00 price objective on shares of Mama’s Creations in a report on Friday, September 4th.

Mama’s Creations Trading Up 1.1%

Shares of NASDAQ MAMA opened at $13.55 on Friday. The firm’s 50 day moving average price is $15.29 and its 200-day moving average price is $15.69. Mama’s Creations has a 52-week low of $9.90 and a 52-week high of $21.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 6.48 and a current ratio of 6.93. The company has a market cap of $638.88 million, a PE ratio of 79.71 and a beta of 0.56.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. Mama’s Creations had a net margin of 3.53% and a return on equity of 10.05%. The company had revenue of $54.58 million during the quarter, compared to the consensus estimate of $52.85 million. On average, equities research analysts expect that Mama’s Creations will post 0.25 EPS for the current fiscal year.

Insider Transactions at Mama’s Creations

In other Mama’s Creations news, CEO Adam Michaels sold 69,683 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $13.31, for a total transaction of $927,480.73. Following the transaction, the chief executive officer owned 722,719 shares in the company, valued at approximately $9,619,389.89. This represents a 8.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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. Corporate insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Mama’s Creations in the second quarter worth $42,473,000. Next Century Growth Investors LLC lifted its holdings in Mama’s Creations by 54.5% in the fourth quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company’s stock valued at $22,817,000 after acquiring an additional 596,688 shares during the period. Jupiter Topco LLC bought a new position in Mama’s Creations in the second quarter valued at about $23,880,000. Alyeska Investment Group L.P. boosted its position in Mama’s Creations by 137.5% in the second quarter. Alyeska Investment Group L.P. now owns 950,000 shares of the company’s stock worth $16,958,000 after purchasing an additional 550,000 shares during the last quarter. Finally, Park West Asset Management LLC purchased a new position in Mama’s Creations in the second quarter worth about $14,280,000. 45.18% of the stock is owned by hedge funds and other institutional investors.

About Mama’s Creations

Mama’s Creations, Inc is a food company that develops, manufactures and distributes refrigerated and frozen prepared foods. Its product portfolio is centered on convenient, ready-to-heat and ready-to-eat items, including meatballs, stuffed shells, lasagna, eggplant Parmesan, soups, dips, salads and other deli-style foods.

The company markets products under the Mama’s Creations and Creative Salads brands, among others, and sells through grocery retailers, club stores, foodservice distributors and other retail channels.