Mama’s Creations (NASDAQ:MAMA) Stock Price Down 5.5% – Here’s Why

Mama’s Creations, Inc. (NASDAQ:MAMA) shares fell 5.5% during trading on Thursday . The stock traded as low as $14.66 and last traded at $14.5970. 78,001 shares traded hands during trading, a decline of 81% from the average session volume of 418,054 shares. The stock had previously closed at $15.44.

Analysts Set New Price Targets

Several brokerages have commented on MAMA. DA Davidson reiterated a “buy” rating and set a $25.00 target price on shares of Mama’s Creations in a research note on Wednesday. Wall Street Zen downgraded Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Zacks Research downgraded Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Weiss Ratings upgraded Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 13th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Mama’s Creations presently has a consensus rating of “Moderate Buy” and an average price target of $18.80.

Mama’s Creations Trading Down 3.1%

The stock has a market capitalization of $609.02 million, a PE ratio of 124.67 and a beta of 0.64. The company has a current ratio of 2.17, a quick ratio of 1.71 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average price of $14.87 and a 200-day moving average price of $14.01.

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

Insiders Place Their Bets

In related news, CEO Adam Laurance Michaels sold 16,223 shares of Mama’s Creations stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $15.30, for a total transaction of $248,211.90. Following the transaction, the chief executive officer directly owned 695,288 shares in the company, valued at approximately $10,637,906.40. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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. Company insiders own 6.50% of the company’s stock.

Hedge Funds Weigh In On Mama’s Creations

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Mama’s Creations by 0.4% during the third quarter. Vanguard Group Inc. now owns 1,893,943 shares of the company’s stock worth $19,905,000 after acquiring an additional 7,254 shares during the last quarter. Next Century Growth Investors LLC increased its stake in Mama’s Creations by 54.5% during 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 last quarter. First Eagle Investment Management LLC increased its stake in Mama’s Creations by 1.6% during the third quarter. First Eagle Investment Management LLC now owns 1,337,614 shares of the company’s stock worth $14,058,000 after acquiring an additional 21,700 shares during the last quarter. Geode Capital Management LLC increased its stake in Mama’s Creations by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 898,594 shares of the company’s stock worth $12,125,000 after acquiring an additional 68,506 shares during the last quarter. Finally, Park West Asset Management LLC bought a new stake in Mama’s Creations during the third quarter worth approximately $8,408,000. 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.