Mama’s Creations (NASDAQ:MAMA) Shares Gap Down – Should You Sell?

Mama’s Creations, Inc. (NASDAQ:MAMAGet Free Report)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $15.20, but opened at $14.45. Mama’s Creations shares last traded at $14.7720, with a volume of 173,026 shares.

Trending Headlines about Mama’s Creations

Here are the key news stories impacting Mama’s Creations this week:

Analyst Upgrades and Downgrades

MAMA has been the topic of a number of research reports. Zacks Research lowered shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. DA Davidson reiterated a “buy” rating and set a $25.00 target price on shares of Mama’s Creations in a report on Wednesday, May 20th. Weiss Ratings lowered shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Finally, Wall Street Zen lowered shares of Mama’s Creations from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.80.

View Our Latest Stock Analysis on Mama’s Creations

Mama’s Creations Stock Performance

The company has a market capitalization of $572.59 million, a price-to-earnings ratio of 117.03 and a beta of 0.60. The company has a current ratio of 2.17, a quick ratio of 1.71 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $14.65 and its 200-day simple moving average is $14.40.

Mama’s Creations (NASDAQ:MAMAGet Free Report) last released its earnings results on Monday, June 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $52.77 million for the quarter, compared to analyst estimates of $51.63 million. Mama’s Creations had a net margin of 3.06% and a return on equity of 15.31%. During the same period in the prior year, the business earned $0.03 EPS. Analysts predict that Mama’s Creations, Inc. will post 0.25 EPS for the current year.

Insider Buying and Selling at Mama’s Creations

In other news, CEO Adam Laurance Michaels sold 16,223 shares of the firm’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 sale, the chief executive officer directly owned 695,288 shares in the company, valued at approximately $10,637,906.40. This trade represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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. Insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On Mama’s Creations

Hedge funds and other institutional investors have recently modified their holdings of the company. Kornitzer Capital Management Inc. KS acquired a new stake in shares of Mama’s Creations in the 4th quarter valued at $1,016,000. Nicholas Company Inc. raised its holdings in shares of Mama’s Creations by 18.6% in the 4th quarter. Nicholas Company Inc. now owns 394,601 shares of the company’s stock valued at $5,323,000 after purchasing an additional 61,860 shares in the last quarter. Aristides Capital LLC raised its holdings in shares of Mama’s Creations by 72.5% in the 3rd quarter. Aristides Capital LLC now owns 309,305 shares of the company’s stock valued at $3,251,000 after purchasing an additional 130,000 shares in the last quarter. Royce & Associates LP acquired a new stake in shares of Mama’s Creations in the 4th quarter valued at $2,834,000. Finally, UBS Group AG raised its holdings in shares of Mama’s Creations by 89.7% in the 4th quarter. UBS Group AG now owns 183,422 shares of the company’s stock valued at $2,474,000 after purchasing an additional 86,728 shares in the last quarter. 45.18% of the stock is currently owned by institutional investors and hedge funds.

About Mama’s Creations

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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.

Further Reading

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