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

Mama’s Creations, Inc. (NASDAQ:MAMA) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $18.80.

A number of equities analysts have recently commented on the stock. 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. Weiss Ratings upgraded 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, DA Davidson restated a “buy” rating and set a $25.00 price objective on shares of Mama’s Creations in a research note on Wednesday, May 20th.

Insider Activity at Mama’s Creations

In other news, CEO Adam Laurance Michaels sold 16,223 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $15.30, for a total value 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 approximately $10,637,906.40. This represents a 2.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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. Insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On Mama’s Creations

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

Mama’s Creations Trading Down 4.8%

NASDAQ:MAMA opened at $13.80 on Friday. Mama’s Creations has a twelve month low of $7.60 and a twelve month high of $17.85. The company has a quick ratio of 1.71, a current ratio of 2.17 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average price of $14.65 and a two-hundred day moving average price of $14.17. The company has a market cap of $561.80 million, a P/E ratio of 115.00 and a beta of 0.64.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Tuesday, April 14th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Mama’s Creations had a return on equity of 15.31% and a net margin of 3.06%.The firm had revenue of $53.99 million during the quarter, compared to the consensus estimate of $52.64 million. As a group, analysts expect that Mama’s Creations will post 0.25 EPS for the current fiscal year.

Mama’s Creations Company Profile

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.