Mama’s Creations (NASDAQ:MAMA) Reaches New 52-Week High – Should You Buy?

Mama’s Creations, Inc. (NASDAQ:MAMA) shares hit a new 52-week high during trading on Thursday . The stock 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.

Wall Street Analysts Forecast Growth

MAMA has been the topic of several research reports. DA Davidson raised their target price on Mama’s Creations from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Craig Hallum raised their price objective on shares of Mama’s Creations from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Roth Capital upped their target price on shares of Mama’s Creations from $13.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Maxim Group set a $20.00 price target on shares of Mama’s Creations in a research report on Tuesday, December 9th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Mama’s Creations in a research report on Monday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.60.

Mama’s Creations Price Performance

The company has a current ratio of 1.85, a quick ratio of 1.38 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $11.21 and a 200-day simple moving average of $9.73. The firm has a market cap of $605.69 million, a PE ratio of 135.83 and a beta of 0.79.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings data on Monday, December 8th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $47.27 million during the quarter, compared to analyst estimates of $43.21 million. Mama’s Creations had a return on equity of 16.72% and a net margin of 3.08%.During the same quarter in the prior year, the company posted $0.01 earnings per share. Equities analysts anticipate that Mama’s Creations, Inc. will post 0.09 earnings per share for the current fiscal year.

Insider Transactions at Mama’s Creations

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 3,512 shares of the stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $10.70, for a total transaction of $37,578.40. Following the completion of the sale, the chief executive officer directly owned 595,148 shares of the company’s stock, valued at $6,368,083.60. This trade represents a 0.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.50% of the stock is currently owned by company insiders.

Institutional Trading of Mama’s Creations

Several hedge funds have recently bought and sold shares of the stock. Alyeska Investment Group L.P. bought a new stake in shares of Mama’s Creations in the third quarter worth about $4,182,000. Virtus Advisers LLC purchased a new position in Mama’s Creations during the 3rd quarter valued at approximately $173,000. Verition Fund Management LLC purchased a new position in Mama’s Creations during the 3rd quarter valued at approximately $105,000. Sherbrooke Park Advisers LLC bought a new stake in Mama’s Creations in the 3rd quarter worth approximately $160,000. Finally, Punch & Associates Investment Management Inc. boosted its position in shares of Mama’s Creations by 26.9% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 165,000 shares of the company’s stock valued at $1,734,000 after acquiring an additional 35,000 shares during the last quarter. Hedge funds and other institutional investors 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.