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

Mama’s Creations (NASDAQ:MAMA) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

Several other equities research analysts have also commented on the stock. 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. Zacks Research lowered shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, DA Davidson raised shares of Mama’s Creations to a “strong-buy” rating in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.80.

Mama’s Creations Price Performance

MAMA stock traded up $0.89 during midday trading on Friday, hitting $19.05. 557,956 shares of the stock were exchanged, compared to its average volume of 835,079. The stock’s 50-day moving average price is $15.92 and its 200-day moving average price is $15.29. The stock has a market cap of $779.91 million, a price-to-earnings ratio of 136.07 and a beta of 0.56. Mama’s Creations has a fifty-two week low of $7.88 and a fifty-two week high of $21.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.32.

Mama’s Creations (NASDAQ:MAMA) last posted its earnings results 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. The company had revenue of $52.77 million for the quarter, compared to analyst estimates of $51.63 million. Mama’s Creations had a return on equity of 14.69% and a net margin of 3.21%.During the same quarter in the prior year, the company earned $0.03 earnings per share. Research analysts predict that Mama’s Creations will post 0.26 earnings per share 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 stock was sold at an average price of $15.30, for a total transaction of $248,211.90. Following the sale, the chief executive officer owned 695,288 shares in the company, valued at $10,637,906.40. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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. 1.03% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mama’s Creations

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

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.