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

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $18.80.

Several equities analysts have recently commented on the stock. DA Davidson restated a “buy” rating and issued a $25.00 price objective on shares of Mama’s Creations in a report on Wednesday, May 20th. Wall Street Zen lowered shares of Mama’s Creations from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded shares of Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 13th. Finally, Zacks Research lowered shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th.

Insiders Place Their Bets

In related 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 sale, the chief executive officer directly owned 695,288 shares of the company’s stock, valued at $10,637,906.40. This represents a 2.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 insiders.

Institutional Investors Weigh In On Mama’s Creations

Several large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in Mama’s Creations by 14.2% during the 1st quarter. Royal Bank of Canada now owns 49,018 shares of the company’s stock worth $751,000 after buying an additional 6,094 shares during the period. Renaissance Technologies LLC increased its stake in Mama’s Creations by 5.7% during the 1st quarter. Renaissance Technologies LLC now owns 360,600 shares of the company’s stock worth $5,532,000 after buying an additional 19,300 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Mama’s Creations during the 1st quarter worth approximately $296,000. Bank of Nova Scotia purchased a new stake in Mama’s Creations during the 1st quarter worth approximately $304,000. Finally, Sei Investments Co. increased its stake in Mama’s Creations by 97.5% during the 1st quarter. Sei Investments Co. now owns 314,640 shares of the company’s stock worth $4,827,000 after buying an additional 155,367 shares during the period. 45.18% of the stock is owned by hedge funds and other institutional investors.

Mama’s Creations Stock Performance

Shares of MAMA stock opened at $15.27 on Friday. The firm’s 50 day moving average price is $14.65 and its 200-day moving average price is $14.32. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.71 and a current ratio of 2.17. Mama’s Creations has a one year low of $7.75 and a one year high of $17.85. The firm has a market cap of $621.64 million, a P/E ratio of 127.25 and a beta of 0.60.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings data 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 net margin of 3.06% and a return on equity of 15.31%. The firm had revenue of $53.99 million for the quarter, compared to analyst estimates of $52.64 million. As a group, equities research analysts predict that Mama’s Creations will post 0.25 EPS for the current 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.