DA Davidson Upgrades Mama’s Creations (NASDAQ:MAMA) to Strong-Buy

Mama’s Creations (NASDAQ:MAMA) was upgraded by equities research analysts at DA Davidson to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Other research analysts have also issued research reports about the stock. Wall Street Zen raised shares of Mama’s Creations from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Zacks Research downgraded shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Weiss Ratings lowered shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Mama’s Creations currently has a consensus rating of “Moderate Buy” and an average target price of $18.80.

Mama’s Creations Trading Down 0.4%

Shares of Mama’s Creations stock traded down $0.08 during trading hours on Monday, reaching $18.57. The stock had a trading volume of 114,060 shares, compared to its average volume of 485,273. The firm has a 50 day simple moving average of $15.56 and a two-hundred day simple moving average of $15.17. The firm has a market capitalization of $760.26 million, a price-to-earnings ratio of 132.29 and a beta of 0.56. The company has a current ratio of 2.32, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09. Mama’s Creations has a 1 year low of $7.88 and a 1 year high of $21.00.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings data on Monday, June 8th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. Mama’s Creations had a return on equity of 14.69% and a net margin of 3.21%.The business had revenue of $52.77 million for the quarter, compared to analyst estimates of $51.63 million. During the same period in the previous year, the company posted $0.03 EPS. As a group, equities research analysts anticipate that Mama’s Creations will post 0.26 earnings per share for the current year.

Insider Transactions at Mama’s Creations

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 16,223 shares of the business’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $15.30, for a total value of $248,211.90. Following the transaction, the chief executive officer owned 695,288 shares in the company, valued at $10,637,906.40. The trade was a 2.28% decrease in their position. 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 company insiders.

Institutional Trading of Mama’s Creations

A number of hedge funds and other institutional investors have recently modified their holdings of the business. American Century Companies Inc. lifted its stake in shares of Mama’s Creations by 1.6% in the second quarter. American Century Companies Inc. now owns 89,062 shares of the company’s stock worth $739,000 after acquiring an additional 1,375 shares in the last quarter. Rhumbline Advisers increased its holdings in Mama’s Creations by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 46,824 shares of the company’s stock worth $389,000 after purchasing an additional 2,125 shares during the last quarter. Invesco Ltd. increased its holdings in Mama’s Creations by 10.9% during the 4th quarter. Invesco Ltd. now owns 22,299 shares of the company’s stock worth $301,000 after purchasing an additional 2,183 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Mama’s Creations by 13.0% in the 3rd quarter. Alliancebernstein L.P. now owns 21,750 shares of the company’s stock valued at $229,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Mama’s Creations by 14.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,692 shares of the company’s stock valued at $280,000 after purchasing an additional 2,646 shares in the last quarter. 45.18% of the stock is 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.