Mama’s Creations (NASDAQ:MAMA) Stock Price Down 6.2% – Time to Sell?

Mama’s Creations, Inc. (NASDAQ:MAMA) traded down 6.2% on Wednesday . The stock traded as low as $13.10 and last traded at $13.43. 163,990 shares were traded during trading, a decline of 44% from the average session volume of 293,249 shares. The stock had previously closed at $14.32.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Maxim Group set a $20.00 price objective on 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 report on Thursday, August 14th. Roth Capital boosted their price objective on shares of Mama’s Creations from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday. Craig Hallum increased their target price on shares of Mama’s Creations from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, DA Davidson lifted their price target on shares of Mama’s Creations from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Mama’s Creations presently has an average rating of “Moderate Buy” and an average target price of $16.50.

Mama’s Creations Stock Performance

The firm has a 50 day moving average of $10.85 and a 200-day moving average of $9.51. The company has a market cap of $527.92 million, a P/E ratio of 118.82 and a beta of 0.79. 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 (NASDAQ:MAMA) last issued its earnings results on Monday, December 8th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. Mama’s Creations had a return on equity of 20.22% and a net margin of 3.08%.The business had revenue of $47.27 million during the quarter, compared to analysts’ expectations of $43.21 million. During the same period in the prior year, the business earned $0.01 EPS. As a group, sell-side analysts anticipate that Mama’s Creations, Inc. will post 0.09 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Shirley Romig sold 4,000 shares of Mama’s Creations stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $10.18, for a total transaction of $40,720.00. Following the transaction, the director directly owned 17,139 shares of the company’s stock, valued at $174,475.02. This trade represents a 18.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Adam Laurance Michaels sold 65,220 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $10.89, for a total transaction of $710,245.80. Following the completion of the transaction, the chief executive officer directly owned 598,660 shares of the company’s stock, valued at $6,519,407.40. This trade represents a 9.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 72,732 shares of company stock worth $788,544. Insiders own 6.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. AlphaQuest LLC acquired a new stake in Mama’s Creations in the first quarter valued at approximately $35,000. Walleye Capital LLC purchased a new position in shares of Mama’s Creations in the second quarter worth $87,000. Prudential Financial Inc. acquired a new stake in shares of Mama’s Creations during the second quarter worth $100,000. Verition Fund Management LLC purchased a new stake in shares of Mama’s Creations during the third quarter valued at $105,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Mama’s Creations in the 3rd quarter valued at $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.