Mama’s Creations (NASDAQ:MAMA) Sets New 12-Month High – Here’s Why

Mama’s Creations, Inc. (NASDAQ:MAMA)’s stock price reached a new 52-week high on Thursday . The company traded as high as $14.63 and last traded at $14.64, with a volume of 100060 shares. The stock had previously closed at $14.01.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MAMA shares. Roth Capital raised their price target on Mama’s Creations from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. DA Davidson increased their target price on Mama’s Creations from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Lake Street Capital lifted their target price on Mama’s Creations from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Craig Hallum boosted their price target on shares of Mama’s Creations from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Finally, Maxim Group set a $20.00 target price on shares of Mama’s Creations in a research note on Tuesday, December 9th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.60.

Mama’s Creations Price Performance

The stock has a market capitalization of $571.54 million, a price-to-earnings ratio of 127.83 and a beta of 0.79. The company has a quick ratio of 1.38, a current ratio of 1.85 and a debt-to-equity ratio of 0.11. The stock has a fifty day moving average of $11.34 and a 200-day moving average of $9.80.

Mama’s Creations (NASDAQ:MAMA) last issued its earnings results on Monday, December 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $47.27 million during the quarter, compared to analysts’ expectations of $43.21 million. Mama’s Creations had a net margin of 3.08% and a return on equity of 16.72%. During the same quarter in the prior year, the business posted $0.01 EPS. On average, equities research analysts predict that Mama’s Creations, Inc. will post 0.09 EPS for the current fiscal year.

Insider Activity

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 65,220 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $10.89, for a total transaction of $710,245.80. Following the completion of the sale, the chief executive officer directly owned 598,660 shares of the company’s stock, valued at $6,519,407.40. This represents a 9.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mama’s Creations

Large investors have recently modified their holdings of the stock. AlphaQuest LLC purchased a new position in Mama’s Creations in the 1st quarter valued at $35,000. Verition Fund Management LLC acquired a new stake in shares of Mama’s Creations during the third quarter valued at $105,000. Walleye Capital LLC acquired a new stake in shares of Mama’s Creations during the second quarter worth $87,000. Envestnet Asset Management Inc. purchased a new stake in Mama’s Creations during the third quarter valued at about $117,000. Finally, Prudential Financial Inc. purchased a new stake in Mama’s Creations during the second quarter worth approximately $100,000. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Mama’s Creations Company Profile

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.