Mama’s Creations’ (MAMA) Buy Rating Reiterated at DA Davidson

Mama’s Creations (NASDAQ:MAMAGet Free Report)‘s stock had its “buy” rating reiterated by research analysts at DA Davidson in a research note issued on Wednesday,Benzinga reports. They presently have a $25.00 target price on the stock. DA Davidson’s price objective would suggest a potential upside of 64.28% from the stock’s previous close.

Several other brokerages also recently commented on MAMA. Weiss Ratings raised shares of Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 13th. Wall Street Zen downgraded shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Zacks Research downgraded shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.80.

View Our Latest Research Report on Mama’s Creations

Mama’s Creations Price Performance

Shares of MAMA traded down $0.16 during mid-day trading on Wednesday, reaching $15.22. 64,113 shares of the stock traded hands, compared to its average volume of 419,541. The firm has a fifty day moving average price of $14.89 and a 200 day moving average price of $13.98. The company has a market cap of $618.76 million, a price-to-earnings ratio of 126.54 and a beta of 0.64. The company has a current ratio of 2.17, a quick ratio of 1.71 and a debt-to-equity ratio of 0.10. Mama’s Creations has a 1 year low of $6.54 and a 1 year high of $17.85.

Mama’s Creations (NASDAQ:MAMAGet Free Report) last released its quarterly earnings results on Tuesday, April 14th. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $53.99 million during the quarter, compared to analyst estimates of $52.64 million. Mama’s Creations had a net margin of 3.06% and a return on equity of 15.31%. As a group, equities research 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 related 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 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 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 owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. lifted its stake in shares of Mama’s Creations by 1.6% during the 2nd quarter. American Century Companies Inc. now owns 89,062 shares of the company’s stock valued at $739,000 after buying an additional 1,375 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Mama’s Creations by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 46,824 shares of the company’s stock valued at $389,000 after buying an additional 2,125 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Mama’s Creations by 10.9% during the 4th quarter. Invesco Ltd. now owns 22,299 shares of the company’s stock valued at $301,000 after buying an additional 2,183 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Mama’s Creations by 13.0% during the 3rd quarter. Alliancebernstein L.P. now owns 21,750 shares of the company’s stock valued at $229,000 after buying an additional 2,500 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Mama’s Creations by 14.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,692 shares of the company’s stock valued at $280,000 after buying an additional 2,646 shares in the last quarter. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Mama’s Creations Company Profile

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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.

Further Reading

Analyst Recommendations for Mama's Creations (NASDAQ:MAMA)

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