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

Mama’s Creations, Inc. (NASDAQ:MAMA) has been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $18.80.

MAMA has been the topic of a number of recent analyst reports. 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. Wall Street Zen upgraded shares of Mama’s Creations from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. DA Davidson restated a “buy” rating and set a $25.00 price target on shares of Mama’s Creations in a research note on Wednesday, May 20th. Finally, Zacks Research lowered shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th.

Insider Transactions at Mama’s Creations

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 16,223 shares of the company’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 transaction of $248,211.90. Following the transaction, the chief executive officer owned 695,288 shares in the company, valued at approximately $10,637,906.40. This represents a 2.28% decrease in their position. The sale was disclosed in a document filed 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 Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MAMA. Kornitzer Capital Management Inc. KS acquired a new stake in shares of Mama’s Creations in the fourth quarter worth $1,016,000. Nicholas Company Inc. increased its stake in shares of Mama’s Creations by 18.6% in the fourth quarter. Nicholas Company Inc. now owns 394,601 shares of the company’s stock worth $5,323,000 after acquiring an additional 61,860 shares during the period. Royce & Associates LP acquired a new stake in shares of Mama’s Creations in the fourth quarter worth $2,834,000. Aristides Capital LLC increased its stake in shares of Mama’s Creations by 72.5% in the third quarter. Aristides Capital LLC now owns 309,305 shares of the company’s stock worth $3,251,000 after acquiring an additional 130,000 shares during the period. Finally, Next Century Growth Investors LLC increased its stake in shares of Mama’s Creations by 54.5% in the fourth quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company’s stock worth $22,817,000 after acquiring an additional 596,688 shares during the period. Institutional investors and hedge funds own 45.18% of the company’s stock.

Mama’s Creations Trading Up 1.7%

NASDAQ MAMA opened at $19.24 on Thursday. 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 PE ratio of 137.43 and a beta of 0.60. The company has a 50 day moving average price of $14.85 and a 200 day moving average price of $14.83. Mama’s Creations has a 52 week low of $7.88 and a 52 week high of $19.72.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings data on Monday, June 8th. The company reported $0.05 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $51.63 million. During the same quarter in the previous year, the business posted $0.03 EPS. As a group, sell-side analysts forecast that Mama’s Creations will post 0.26 EPS for the current fiscal year.

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.