Adam Laurance Michaels Sells 16,223 Shares of Mama’s Creations (NASDAQ:MAMA) Stock

Mama’s Creations, Inc. (NASDAQ:MAMA) CEO Adam Laurance Michaels sold 16,223 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $15.30, for a total value of $248,211.90. Following the sale, the chief executive officer owned 695,288 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this link. 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.

Mama’s Creations Trading Down 2.7%

Shares of NASDAQ MAMA opened at $13.83 on Wednesday. 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 $562.33 million, a P/E ratio of 115.25 and a beta of 0.72. Mama’s Creations, Inc. has a 1-year low of $6.17 and a 1-year high of $17.85. The business has a fifty day moving average price of $15.62 and a 200 day moving average price of $13.56.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings data on Tuesday, April 14th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $53.99 million during the quarter, compared to analysts’ expectations of $52.64 million. Mama’s Creations had a return on equity of 15.31% and a net margin of 3.06%. Equities research analysts expect that Mama’s Creations, Inc. will post 0.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MAMA shares. Weiss Ratings upgraded Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 13th. Wall Street Zen upgraded Mama’s Creations from a “hold” rating to a “buy” rating in a research note on Saturday. DA Davidson upped their price objective on Mama’s Creations to $25.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Finally, Zacks Research upgraded Mama’s Creations from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat.com, Mama’s Creations presently has a consensus rating of “Buy” and an average price target of $18.80.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Brown Capital Management LLC acquired a new position in Mama’s Creations during the 3rd quarter valued at about $7,332,000. Aristides Capital LLC increased its position 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 buying an additional 130,000 shares in the last quarter. Trail Ridge Investment Advisors LLC increased its position 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 valued at $793,000 after buying an additional 1,884 shares in the last quarter. Nicholas Company Inc. increased its holdings 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 valued at $5,323,000 after purchasing an additional 61,860 shares during the period. Finally, Kornitzer Capital Management Inc. KS acquired a new position in shares of Mama’s Creations in the fourth quarter valued at about $1,016,000. 45.18% of the stock is owned by institutional investors and hedge funds.

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.