Mama’s Creations (NASDAQ:MAMA) Reaches New 12-Month High – What’s Next?

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) reached a new 52-week high on Friday . The stock traded as high as $17.93 and last traded at $17.77, with a volume of 929911 shares trading hands. The stock had previously closed at $15.73.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MAMA shares. Zacks Research cut shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen raised shares of Mama’s Creations from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Weiss Ratings lowered Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Finally, DA Davidson restated a “buy” rating and issued a $25.00 price target on shares of Mama’s Creations in a research report on Wednesday, May 20th. Four 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.80.

Mama’s Creations Trading Up 13.0%

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 company’s fifty day moving average price is $14.62 and its two-hundred day moving average price is $14.64. The firm has a market cap of $723.42 million, a PE ratio of 126.93 and a beta of 0.60.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings results on Monday, June 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $52.77 million during the quarter, compared to analysts’ expectations of $51.63 million. During the same period in the prior year, the company posted $0.03 earnings per share. As a group, sell-side analysts forecast that Mama’s Creations, Inc. will post 0.26 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 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 value of $248,211.90. Following the completion of the sale, the chief executive officer owned 695,288 shares of the company’s stock, valued at approximately $10,637,906.40. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. Insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On Mama’s Creations

Institutional investors and hedge funds have recently modified their holdings of the company. Kornitzer Capital Management Inc. KS purchased a new position in shares of Mama’s Creations in the fourth quarter valued at $1,016,000. Nicholas Company Inc. raised its position in shares of Mama’s Creations by 18.6% in the fourth quarter. Nicholas Company Inc. now owns 394,601 shares of the company’s stock valued at $5,323,000 after buying an additional 61,860 shares during the last quarter. Aristides Capital LLC raised its holdings in Mama’s Creations by 72.5% in the 3rd quarter. Aristides Capital LLC now owns 309,305 shares of the company’s stock valued at $3,251,000 after acquiring an additional 130,000 shares during the last quarter. UBS Group AG increased its stake in Mama’s Creations by 89.7% in the fourth quarter. UBS Group AG now owns 183,422 shares of the company’s stock valued at $2,474,000 after purchasing an additional 86,728 shares during the last quarter. Finally, Royce & Associates LP acquired a new position in shares of Mama’s Creations during the 4th quarter valued at about $2,834,000. Institutional investors and hedge funds own 45.18% of the company’s stock.

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.