Mama’s Creations (NASDAQ:MAMA) Stock Breaks Below Fifty Day Moving Average – What’s Next?

Mama’s Creations, Inc. (NASDAQ:MAMA) shares passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $13.43 and traded as low as $13.17. Mama’s Creations shares last traded at $13.24, with a volume of 210,928 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently commented on MAMA shares. DA Davidson lowered their price target on Mama’s Creations from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, September 4th. Lake Street Capital reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Mama’s Creations in a report on Friday, September 4th. Zacks Research lowered shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. William Blair assumed coverage on shares of Mama’s Creations in a research note on Friday, July 24th. They set an “outperform” rating on the stock. Finally, Weiss Ratings downgraded shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $19.86.

Mama’s Creations Trading Down 3.5%

The business has a 50 day simple moving average of $13.43 and a 200-day simple moving average of $15.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 6.48 and a current ratio of 6.93. The stock has a market capitalization of $624.27 million, a P/E ratio of 77.88 and a beta of 0.55.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. Mama’s Creations had a return on equity of 10.05% and a net margin of 3.53%. The company had revenue of $54.58 million for the quarter, compared to analysts’ expectations of $52.85 million. On average, analysts predict that Mama’s Creations, Inc. will post 0.25 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Adam Michaels sold 69,683 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $13.31, for a total transaction of $927,480.73. Following the completion of the transaction, the chief executive officer owned 722,719 shares of the company’s stock, valued at $9,619,389.89. This trade represents a 8.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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. 1.03% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mama’s Creations

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Mama’s Creations in the 2nd quarter valued at about $42,473,000. Jupiter Topco LLC acquired a new position in shares of Mama’s Creations in the 2nd quarter worth approximately $23,880,000. Park West Asset Management LLC acquired a new position in shares of Mama’s Creations in the 2nd quarter worth approximately $14,280,000. Bard Associates Inc. acquired a new position in shares of Mama’s Creations in the 2nd quarter worth approximately $12,073,000. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Mama’s Creations in the 2nd quarter worth approximately $10,860,000. 45.18% of the stock is currently owned by institutional investors.

Mama’s Creations Company Profile

Mama’s Creations, Inc. makes and markets refrigerated, ready-to-eat prepared foods for grocery retailers and other food sellers. Its products include meatballs, entrées, side dishes, salads, dips and spreads, sold under its own and other brands. The company’s offerings are designed for deli departments and prepared-food sections, as well as foodservice and other retail channels. Mama’s Creations is based in East Rutherford, New Jersey, and serves customers across the United States. The company was previously known as MamaMancini’s Holdings, Inc. before adopting the Mama’s Creations name in 2023, reflecting its broader prepared-food business.