Mama’s Creations, Inc. (NASDAQ:MAMA) Receives $18.80 Consensus PT from Analysts

Mama’s Creations, Inc. (NASDAQ:MAMA) has been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $18.80.

Several brokerages have issued reports on MAMA. Zacks Research lowered Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings lowered shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. DA Davidson reiterated a “buy” rating and issued a $25.00 price objective on shares of Mama’s Creations in a research note on Wednesday, May 20th. Finally, Wall Street Zen upgraded shares of Mama’s Creations from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th.

Mama’s Creations Stock Performance

MAMA stock opened at $18.33 on Thursday. The firm has a market cap of $750.43 million, a PE ratio of 130.93 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. The stock has a 50-day moving average price of $15.28 and a 200-day moving average price of $15.06. 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 announced its earnings results on Monday, June 8th. The company reported $0.05 EPS 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 company had revenue of $52.77 million for the quarter, compared to analyst estimates of $51.63 million. During the same quarter in the prior year, the company earned $0.03 EPS. As a group, equities research analysts expect that Mama’s Creations will post 0.26 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Adam Laurance Michaels sold 16,223 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $15.30, for a total transaction of $248,211.90. Following the transaction, the chief executive officer owned 695,288 shares in the company, valued at approximately $10,637,906.40. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 1.03% of the company’s stock.

Institutional Investors Weigh In On Mama’s Creations

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue purchased a new stake in Mama’s Creations in the 4th quarter valued at about $63,000. Walleye Capital LLC purchased a new position in shares of Mama’s Creations in the 2nd quarter worth approximately $87,000. Prudential Financial Inc. bought a new position in shares of Mama’s Creations in the second quarter valued at approximately $100,000. Verition Fund Management LLC bought a new position in shares of Mama’s Creations in the third quarter valued at approximately $105,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Mama’s Creations during the third quarter valued at approximately $117,000. Institutional investors and hedge funds 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.