Mama’s Creations’ (MAMA) “Buy” Rating Reaffirmed at DA Davidson

Mama’s Creations (NASDAQ:MAMAGet Free Report)‘s stock had its “buy” rating reiterated by stock analysts at DA Davidson in a research note issued on Monday,Benzinga reports. They currently have a $25.00 target price on the stock. DA Davidson’s price objective suggests a potential upside of 31.54% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Zacks Research downgraded 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 cut shares of Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Weiss Ratings lowered shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Mama’s Creations presently has an average rating of “Moderate Buy” and a consensus price target of $18.80.

Check Out Our Latest Analysis on MAMA

Mama’s Creations Stock Performance

Shares of MAMA traded down $0.04 during trading hours on Monday, reaching $19.00. 79,115 shares of the company’s stock traded hands, compared to its average volume of 502,726. Mama’s Creations has a twelve month low of $7.88 and a twelve month high of $21.00. The business’s fifty day simple moving average is $15.92 and its two-hundred day simple moving average is $15.30. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.32 and a quick ratio of 1.90. The firm has a market capitalization of $778.10 million, a price-to-earnings ratio of 135.82 and a beta of 0.56.

Mama’s Creations (NASDAQ:MAMAGet Free Report) last posted its quarterly earnings data on Monday, June 8th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The business had revenue of $52.77 million during the quarter, compared to the consensus estimate of $51.63 million. Mama’s Creations had a net margin of 3.21% and a return on equity of 14.69%. During the same quarter in the prior year, the company posted $0.03 earnings per share. Analysts predict that Mama’s Creations will post 0.26 earnings per share for the current year.

Insider Activity at Mama’s Creations

In related news, CEO Adam Laurance Michaels sold 16,223 shares of the business’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 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 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 owned by insiders.

Institutional Trading of Mama’s Creations

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Mama’s Creations by 0.4% in the third quarter. Vanguard Group Inc. now owns 1,893,943 shares of the company’s stock worth $19,905,000 after buying an additional 7,254 shares during the last quarter. Next Century Growth Investors LLC lifted its position in shares of Mama’s Creations by 54.5% during the 4th quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company’s stock valued at $22,817,000 after acquiring an additional 596,688 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Mama’s Creations by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 898,594 shares of the company’s stock valued at $12,125,000 after acquiring an additional 68,506 shares during the last quarter. Park West Asset Management LLC acquired a new stake in shares of Mama’s Creations during the 3rd quarter valued at $8,408,000. Finally, State Street Corp boosted its stake in shares of Mama’s Creations by 6.1% during the 4th quarter. State Street Corp now owns 734,201 shares of the company’s stock worth $9,904,000 after acquiring an additional 42,059 shares in the last quarter. 45.18% of the stock is currently owned by institutional investors.

About Mama’s Creations

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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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