Mama’s Creations (NASDAQ:MAMA) Sets New 1-Year High – Here’s Why

Mama’s Creations, Inc. (NASDAQ:MAMA) hit a new 52-week high on Thursday . The stock traded as high as $14.63 and last traded at $14.64, with a volume of 100060 shares traded. The stock had previously closed at $14.01.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MAMA shares. Lake Street Capital upped their price objective on Mama’s Creations from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Maxim Group set a $20.00 target price on Mama’s Creations in a research report on Tuesday, December 9th. Craig Hallum raised their price target on Mama’s Creations from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Mama’s Creations in a research report on Monday. Finally, DA Davidson increased their target price on shares of Mama’s Creations from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.60.

Mama’s Creations Price Performance

The firm has a market capitalization of $605.69 million, a P/E ratio of 135.83 and a beta of 0.79. The stock’s 50 day simple moving average is $11.21 and its 200 day simple moving average is $9.73. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.38 and a current ratio of 1.85.

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

Insider Activity at Mama’s Creations

In related news, CEO Adam Laurance Michaels sold 65,220 shares of Mama’s Creations stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $10.89, for a total value of $710,245.80. Following the completion of the sale, the chief executive officer directly owned 598,660 shares in the company, valued at $6,519,407.40. The trade was a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 6.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AlphaQuest LLC bought a new position in shares of Mama’s Creations during the first quarter valued at approximately $35,000. Walleye Capital LLC bought a new position in Mama’s Creations in the second quarter worth approximately $87,000. Prudential Financial Inc. purchased a new stake in Mama’s Creations during the second quarter worth $100,000. Verition Fund Management LLC purchased a new stake in Mama’s Creations during the third quarter worth $105,000. Finally, Envestnet Asset Management Inc. bought a new stake in Mama’s Creations during the 3rd quarter valued at $117,000. 45.18% of the stock is currently owned by institutional investors.

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.