Mama’s Creations (NASDAQ:MAMA) Trading 9.8% Higher – Should You Buy?

Mama’s Creations, Inc. (NASDAQ:MAMA) shot up 9.8% during trading on Thursday . The company traded as high as $17.25 and last traded at $17.27. Approximately 447,261 shares were traded during mid-day trading, an increase of 3% from the average session volume of 435,259 shares. The stock had previously closed at $15.73.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded Mama’s Creations from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. DA Davidson restated a “buy” rating and issued a $25.00 target price on shares of Mama’s Creations in a report on Wednesday, May 20th. Weiss Ratings lowered Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Finally, Zacks Research downgraded Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.80.

Mama’s Creations Stock Performance

The firm’s 50-day moving average price is $14.58 and its two-hundred day moving average price is $14.59. The company has a quick ratio of 1.90, a current ratio of 2.32 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $706.52 million, a PE ratio of 124.11 and a beta of 0.60.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly 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 net margin of 3.21% and a return on equity of 14.69%. The business had revenue of $52.77 million during the quarter, compared to the consensus estimate of $51.63 million. During the same quarter in the prior year, the firm earned $0.03 EPS. As a group, research analysts predict that Mama’s Creations, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Adam Laurance Michaels sold 16,223 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $15.30, for a total value of $248,211.90. Following the completion of the sale, the chief executive officer owned 695,288 shares in the company, valued at $10,637,906.40. This 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 at 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 owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue purchased a new stake in Mama’s Creations in the 4th quarter worth about $63,000. Walleye Capital LLC purchased a new position in Mama’s Creations during the 2nd quarter valued at about $87,000. Prudential Financial Inc. acquired a new position in shares of Mama’s Creations in the 2nd quarter valued at about $100,000. Verition Fund Management LLC acquired a new position in shares of Mama’s Creations in the 3rd quarter valued at about $105,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Mama’s Creations in the third quarter worth approximately $117,000. 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. 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.