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

Mama’s Creations, Inc. (NASDAQ:MAMA) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $14.25.

Several research firms recently commented on MAMA. Wall Street Zen downgraded shares of Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Mama’s Creations in a research report on Monday, December 1st. DA Davidson reaffirmed a “buy” rating and issued a $18.00 price target on shares of Mama’s Creations in a report on Tuesday, October 14th. Roth Capital lifted their price target on Mama’s Creations from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Finally, Lake Street Capital boosted their price objective on Mama’s Creations from $11.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th.

Mama’s Creations Trading Down 1.8%

Shares of Mama’s Creations stock opened at $11.47 on Friday. The stock has a market capitalization of $466.29 million, a P/E ratio of 104.28 and a beta of 0.79. Mama’s Creations has a 52-week low of $5.50 and a 52-week high of $12.13. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.15 and a current ratio of 1.58. The stock’s 50-day simple moving average is $10.76 and its 200 day simple moving average is $9.41.

Mama’s Creations (NASDAQ:MAMA) last issued its earnings results on Monday, September 8th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Mama’s Creations had a net margin of 3.34% and a return on equity of 17.41%. The firm had revenue of $35.20 million during the quarter, compared to analyst estimates of $33.18 million. During the same quarter last year, the business earned $0.03 earnings per share. As a group, research analysts anticipate that Mama’s Creations will post 0.09 EPS for the current year.

Insider Activity

In related news, Director Shirley Romig sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $10.18, for a total transaction of $40,720.00. Following the completion of the transaction, the director owned 17,139 shares of the company’s stock, valued at approximately $174,475.02. The trade was a 18.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Laurance Michaels sold 3,512 shares of the company’s stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $10.70, for a total transaction of $37,578.40. Following the sale, the chief executive officer directly owned 595,148 shares in the company, valued at $6,368,083.60. This trade represents a 0.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 72,732 shares of company stock worth $788,544. Company insiders own 6.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MAMA. AlphaQuest LLC bought a new position in shares of Mama’s Creations in the first quarter worth $35,000. Walleye Capital LLC purchased a new position in Mama’s Creations during the second quarter worth about $87,000. Prudential Financial Inc. bought a new position in Mama’s Creations in the 2nd quarter worth about $100,000. Verition Fund Management LLC purchased a new stake in shares of Mama’s Creations in the 3rd quarter valued at about $105,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Mama’s Creations in the 3rd quarter valued at about $117,000. 45.18% of the stock is currently owned by hedge funds and other institutional investors.

About Mama’s Creations

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.