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

Mama’s Creations, Inc. (NASDAQ:MAMA) has been assigned an average rating of “Moderate Buy” from the six research firms that are covering the stock, 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 12 month price objective among brokers that have issued ratings on the stock in the last year is $14.25.

MAMA has been the subject of several research reports. DA Davidson reiterated a “buy” rating and issued a $18.00 target price on shares of Mama’s Creations in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mama’s Creations in a research note on Wednesday, November 5th. Zacks Research lowered shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Roth Capital boosted their target price on shares of Mama’s Creations from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. Finally, Wall Street Zen cut shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th.

Insiders Place Their Bets

In other news, Director Shirley Romig sold 4,000 shares of the stock in a transaction dated 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 owned 17,139 shares of the company’s stock, valued at approximately $174,475.02. This represents a 18.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Adam Laurance Michaels sold 3,512 shares of the firm’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $10.70, for a total value of $37,578.40. Following the transaction, 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 SEC filing for this sale provides additional information. Insiders sold 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 Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Mama’s Creations by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,893,943 shares of the company’s stock valued at $19,905,000 after purchasing an additional 7,254 shares during the last quarter. Essex Investment Management Co. LLC lifted its holdings in Mama’s Creations by 3.0% in the third quarter. Essex Investment Management Co. LLC now owns 341,864 shares of the company’s stock valued at $3,593,000 after buying an additional 9,937 shares during the period. Envestnet Asset Management Inc. acquired a new position in Mama’s Creations in the third quarter valued at $117,000. Brown Capital Management LLC bought a new stake in Mama’s Creations during the third quarter valued at $7,332,000. Finally, Trail Ridge Investment Advisors LLC grew its holdings in Mama’s Creations by 2.6% during the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 75,450 shares of the company’s stock worth $793,000 after acquiring an additional 1,884 shares during the period. Institutional investors own 45.18% of the company’s stock.

Mama’s Creations Stock Performance

Shares of Mama’s Creations stock opened at $10.28 on Wednesday. The company’s 50 day moving average price is $10.46 and its two-hundred day moving average price is $8.89. The firm has a market capitalization of $416.34 million, a P/E ratio of 93.46 and a beta of 0.68. Mama’s Creations has a fifty-two week low of $5.50 and a fifty-two week high of $11.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.15.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings results on Monday, September 8th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Mama’s Creations had a return on equity of 17.41% and a net margin of 3.34%.The company had revenue of $35.20 million during the quarter, compared to analysts’ expectations of $33.18 million. During the same period in the prior year, the company earned $0.03 EPS. On average, equities 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.