Mama’s Creations (NASDAQ:MAMA) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Mama’s Creations (NASDAQ:MAMA) from a buy rating to a hold rating in a report published on Saturday.

MAMA has been the subject of several other research reports. Zacks Research lowered Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings raised Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 13th. Finally, DA Davidson increased their target price on Mama’s Creations to $25.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Mama’s Creations presently has a consensus rating of “Moderate Buy” and an average target price of $18.80.

Mama’s Creations Trading Down 0.3%

MAMA opened at $14.15 on Friday. The business has a 50 day simple moving average of $15.46 and a two-hundred day simple moving average of $13.71. The firm has a market capitalization of $575.34 million, a price-to-earnings ratio of 117.92 and a beta of 0.64. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.17 and a quick ratio of 1.71. Mama’s Creations has a one year low of $6.37 and a one year high of $17.85.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Tuesday, April 14th. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $53.99 million during the quarter, compared to analyst estimates of $52.64 million. Mama’s Creations had a return on equity of 15.31% and a net margin of 3.06%. Analysts predict that Mama’s Creations will post 0.25 EPS for the current year.

Insider Activity

In other news, 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 completion of the transaction, the chief executive officer owned 695,288 shares of the company’s stock, valued at approximately $10,637,906.40. This represents a 2.28% decrease in their position. The sale was disclosed in a legal filing 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. Corporate insiders own 6.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Mama’s Creations by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,893,943 shares of the company’s stock valued at $19,905,000 after buying an additional 7,254 shares in the last quarter. Next Century Growth Investors LLC increased its position in Mama’s Creations by 54.5% during the 4th quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company’s stock valued at $22,817,000 after buying an additional 596,688 shares in the last quarter. First Eagle Investment Management LLC increased its position in Mama’s Creations by 1.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 1,337,614 shares of the company’s stock valued at $14,058,000 after buying an additional 21,700 shares in the last quarter. Geode Capital Management LLC increased its position in Mama’s Creations by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 898,594 shares of the company’s stock valued at $12,125,000 after buying an additional 68,506 shares in the last quarter. Finally, Park West Asset Management LLC bought a new position in Mama’s Creations during the 3rd quarter valued at approximately $8,408,000. Institutional investors own 45.18% of the company’s stock.

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.