Mama’s Creations, Inc. (NASDAQ:MAMA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Mama’s Creations, Inc. (NASDAQ:MAMA – Get Free Report) has earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $18.80.

Several research firms have issued reports on MAMA. Weiss Ratings downgraded shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Zacks Research lowered shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen upgraded shares of Mama’s Creations from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, DA Davidson reiterated a “buy” rating and issued a $25.00 target price on shares of Mama’s Creations in a research report on Wednesday, May 20th.

Get Mama's Creations alerts:

Read Our Latest Stock Report on MAMA

Insider Activity

In other news, CEO Adam Laurance Michaels sold 16,223 shares of Mama’s Creations 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 owned 695,288 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available 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. 1.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mama’s Creations

Hedge funds and other institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue purchased a new position in shares of Mama’s Creations in the fourth quarter worth about $63,000. Walleye Capital LLC purchased a new position in shares of Mama’s Creations in the second quarter worth about $87,000. Prudential Financial Inc. purchased a new position in shares of Mama’s Creations in the second quarter worth about $100,000. Verition Fund Management LLC purchased a new position in shares of Mama’s Creations in the third quarter worth about $105,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Mama’s Creations during the third quarter worth about $117,000. 45.18% of the stock is owned by hedge funds and other institutional investors.

Mama’s Creations Stock Performance

Shares of NASDAQ MAMA opened at $19.24 on Thursday. The company’s fifty day moving average price is $14.85 and its 200 day moving average price is $14.83. Mama’s Creations has a 1 year low of $7.88 and a 1 year high of $19.72. The company has a market capitalization of $783.26 million, a PE ratio of 137.43 and a beta of 0.60. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.32.

Mama’s Creations (NASDAQ:MAMA – Get Free Report) last announced its quarterly earnings results on Monday, June 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Mama’s Creations had a net margin of 3.21% and a return on equity of 14.69%. The firm had revenue of $52.77 million for the quarter, compared to the consensus estimate of $51.63 million. During the same period in the prior year, the firm posted $0.03 earnings per share. On average, research analysts predict that Mama’s Creations will post 0.26 earnings per share for the current year.

Mama’s Creations Company Profile

(Get Free Report)

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.

Read More

• Five stocks we like better than Mama’s Creations
• Why KB Home Could Reward Patient Investors Later
• Meta’s Internal Turmoil: Morale Nears 20-Year Low at the Wrong Time
• Tesla’s New NHTSA Probe Lands at the Worst Possible Time
• Nano Nuclear’s AI Data Center Deal Puts the Stock Back in Focus

Receive News & Ratings for Mama's Creations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mama's Creations and related companies with MarketBeat.com's FREE daily email newsletter.