Mama’s Creations (NASDAQ:MAMA) Given “Buy” Rating at DA Davidson

Mama’s Creations (NASDAQ:MAMA)‘s stock had its “buy” rating reissued by research analysts at DA Davidson in a report issued on Wednesday,Benzinga reports. They currently have a $25.00 price objective on the stock. DA Davidson’s target price would indicate a potential upside of 64.28% from the company’s previous close.

MAMA has been the topic of a number of other reports. Weiss Ratings upgraded shares of Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 13th. Wall Street Zen downgraded shares of Mama’s Creations from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Zacks Research downgraded shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.80.

Mama’s Creations Price Performance

NASDAQ MAMA traded down $0.16 on Wednesday, reaching $15.22. The company had a trading volume of 64,113 shares, compared to its average volume of 419,541. The company has a quick ratio of 1.71, a current ratio of 2.17 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $618.76 million, a PE ratio of 126.54 and a beta of 0.64. The firm’s 50 day moving average price is $14.89 and its 200 day moving average price is $13.98. Mama’s Creations has a 12 month low of $6.54 and a 12 month high of $17.85.

Mama’s Creations (NASDAQ:MAMA) last posted its earnings results on Tuesday, April 14th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Mama’s Creations had a net margin of 3.06% and a return on equity of 15.31%. The firm had revenue of $53.99 million for the quarter, compared to the consensus estimate of $52.64 million. As a group, equities analysts predict that Mama’s Creations will post 0.25 earnings per share for the current year.

Insider Buying and Selling at Mama’s Creations

In other news, CEO Adam Laurance Michaels sold 16,223 shares of the business’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 sale, the chief executive officer directly owned 695,288 shares in the company, valued at $10,637,906.40. The trade was a 2.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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. 6.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mama’s Creations

Several hedge funds have recently added to or reduced their stakes in MAMA. Brown Capital Management LLC purchased a new stake in Mama’s Creations in the 3rd quarter valued at about $7,332,000. Kornitzer Capital Management Inc. KS acquired a new position in Mama’s Creations during the 4th quarter valued at approximately $1,016,000. Aristides Capital LLC increased its stake in Mama’s Creations by 72.5% during 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 in the last quarter. Nicholas Company Inc. increased its stake in shares of Mama’s Creations by 18.6% in the fourth 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 during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Mama’s Creations by 13.0% in the third quarter. Alliancebernstein L.P. now owns 21,750 shares of the company’s stock worth $229,000 after acquiring an additional 2,500 shares during the period. 45.18% of the stock is currently owned by institutional investors.

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.