Mama’s Creations (NASDAQ:MAMA) CEO Sells $248,211.90 in Stock

Mama’s Creations, Inc. (NASDAQ:MAMA) 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 sale, the chief executive officer owned 695,288 shares in the company, valued at approximately $10,637,906.40. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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.

Mama’s Creations Price Performance

MAMA traded down $0.47 during trading on Monday, hitting $14.22. The company’s stock had a trading volume of 520,159 shares, compared to its average volume of 440,610. The firm’s 50 day moving average price is $15.68 and its two-hundred day moving average price is $13.51. The company has a quick ratio of 1.71, a current ratio of 2.17 and a debt-to-equity ratio of 0.10. Mama’s Creations, Inc. has a 12 month low of $6.07 and a 12 month high of $17.85. The stock has a market capitalization of $578.19 million, a price-to-earnings ratio of 118.50 and a beta of 0.72.

Mama’s Creations (NASDAQ:MAMA) last announced its earnings results on Tuesday, April 14th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. Mama’s Creations had a return on equity of 15.31% and a net margin of 3.06%.The company had revenue of $53.99 million for the quarter, compared to analysts’ expectations of $52.64 million. Sell-side analysts forecast that Mama’s Creations, Inc. will post 0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mama’s Creations

Several hedge funds have recently added to or reduced their stakes in MAMA. American Century Companies Inc. raised its holdings in Mama’s Creations by 1.6% during the 2nd quarter. American Century Companies Inc. now owns 89,062 shares of the company’s stock worth $739,000 after purchasing an additional 1,375 shares during the last quarter. Trail Ridge Investment Advisors LLC grew its position in shares of Mama’s Creations by 2.6% during the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 75,450 shares of the company’s stock worth $793,000 after buying an additional 1,884 shares during the period. Rhumbline Advisers raised its stake in shares of Mama’s Creations by 4.8% during the second quarter. Rhumbline Advisers now owns 46,824 shares of the company’s stock worth $389,000 after buying an additional 2,125 shares during the last quarter. Invesco Ltd. raised its stake in shares of Mama’s Creations by 10.9% during the fourth quarter. Invesco Ltd. now owns 22,299 shares of the company’s stock worth $301,000 after buying an additional 2,183 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Mama’s Creations by 13.0% in the third quarter. Alliancebernstein L.P. now owns 21,750 shares of the company’s stock valued at $229,000 after buying an additional 2,500 shares during the period. Institutional investors own 45.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on MAMA. DA Davidson increased their price objective on shares of Mama’s Creations to $25.00 and gave the stock a “buy” rating in a report on Thursday. Wall Street Zen upgraded shares of Mama’s Creations from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings raised shares of Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 13th. Finally, Zacks Research upgraded shares of Mama’s Creations from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $18.80.

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.