Insider Selling: Mama’s Creations (NASDAQ:MAMA) CEO Sells $37,578.40 in Stock

Mama’s Creations, Inc. (NASDAQ:MAMA) CEO Adam Laurance Michaels sold 3,512 shares of the stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $10.70, for a total value of $37,578.40. Following the completion of the transaction, the chief executive officer directly owned 595,148 shares in the company, valued at approximately $6,368,083.60. This represents a 0.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Adam Laurance Michaels also recently made the following trade(s):

• On Tuesday, September 23rd, Adam Laurance Michaels sold 65,220 shares of Mama’s Creations stock. The stock was sold at an average price of $10.89, for a total value of $710,245.80.

Mama’s Creations Stock Down 2.0%

NASDAQ MAMA opened at $10.54 on Friday. The stock’s 50-day moving average price is $9.64 and its 200-day moving average price is $8.36. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.05. Mama’s Creations, Inc. has a 52 week low of $5.50 and a 52 week high of $11.49. The company has a market capitalization of $426.87 million, a P/E ratio of 95.83 and a beta of 0.67.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings data on Monday, September 8th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. Mama’s Creations had a return on equity of 17.41% and a net margin of 3.34%.The firm had revenue of $35.20 million for the quarter, compared to the consensus estimate of $33.18 million. During the same quarter last year, the company earned $0.03 earnings per share. On average, equities research analysts predict that Mama’s Creations, Inc. will post 0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. DA Davidson reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Mama’s Creations in a research note on Tuesday. Zacks Research downgraded Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Lake Street Capital raised their price objective on Mama’s Creations from $11.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Wall Street Zen cut Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Mama’s Creations in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Mama’s Creations currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

Institutional Trading of Mama’s Creations

Several institutional investors have recently made changes to their positions in MAMA. Rhumbline Advisers grew its position in shares of Mama’s Creations by 5.0% during the first quarter. Rhumbline Advisers now owns 44,699 shares of the company’s stock worth $291,000 after purchasing an additional 2,146 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in Mama’s Creations by 18.4% during the 1st quarter. Conestoga Capital Advisors LLC now owns 229,140 shares of the company’s stock valued at $1,492,000 after buying an additional 35,590 shares in the last quarter. VELA Investment Management LLC grew its holdings in Mama’s Creations by 17.2% during the 1st quarter. VELA Investment Management LLC now owns 476,353 shares of the company’s stock valued at $3,101,000 after buying an additional 69,749 shares in the last quarter. Trail Ridge Investment Advisors LLC grew its holdings in Mama’s Creations by 4.3% during the 1st quarter. Trail Ridge Investment Advisors LLC now owns 74,647 shares of the company’s stock valued at $486,000 after buying an additional 3,098 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Mama’s Creations during the 1st quarter valued at approximately $116,000. 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.