Mama’s Creations (NASDAQ:MAMA) Hits New 1-Year High – Still a Buy?

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) hit a new 52-week high during trading on Thursday . The company traded as high as $19.72 and last traded at $19.24, with a volume of 881583 shares. The stock had previously closed at $18.91.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MAMA shares. Weiss Ratings cut shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Zacks Research cut shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. DA Davidson reaffirmed a “buy” rating and set a $25.00 target price on shares of Mama’s Creations in a research note on Wednesday, May 20th. Finally, Wall Street Zen raised shares of Mama’s Creations from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.80.

Mama’s Creations Stock Performance

The company has a quick ratio of 1.90, a current ratio of 2.32 and a debt-to-equity ratio of 0.09. The firm has a market cap of $783.26 million, a P/E ratio of 137.43 and a beta of 0.60. The business has a fifty day simple moving average of $14.85 and a 200-day simple moving average of $14.83.

Mama’s Creations (NASDAQ:MAMA) last announced its earnings results on Monday, June 8th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $52.77 million for the quarter, compared to analysts’ expectations 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 previous year, the business posted $0.03 EPS. On average, sell-side analysts predict that Mama’s Creations, Inc. will post 0.26 EPS for the current fiscal year.

Insider Transactions at Mama’s Creations

In related news, CEO Adam Laurance Michaels sold 16,223 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $15.30, for a total transaction 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. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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

Several large investors have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new position in Mama’s Creations during the 4th quarter valued at approximately $63,000. SG Americas Securities LLC bought a new stake in Mama’s Creations in the fourth quarter worth $119,000. Bridgeway Capital Management LLC bought a new stake in Mama’s Creations in the fourth quarter worth $135,000. Verition Fund Management LLC purchased a new stake in shares of Mama’s Creations in the third quarter worth $105,000. Finally, Walleye Capital LLC purchased a new stake in shares of Mama’s Creations in the second quarter worth $87,000. 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. 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.