Mama’s Creations (NASDAQ:MAMA) Lowered to “Hold” Rating by Zacks Research

Zacks Research lowered shares of Mama’s Creations (NASDAQ:MAMA) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. DA Davidson upped their price objective on shares of Mama’s Creations to $25.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Weiss Ratings raised shares of Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 13th. Finally, Wall Street Zen upgraded shares of Mama’s Creations from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.80.

Mama’s Creations Price Performance

Shares of Mama’s Creations stock traded down $0.16 on Monday, reaching $13.58. The company’s stock had a trading volume of 73,219 shares, compared to its average volume of 423,849. The company has a market capitalization of $551.96 million, a P/E ratio of 113.22 and a beta of 0.72. Mama’s Creations has a 52-week low of $6.37 and a 52-week high of $17.85. The stock has a 50-day moving average price of $15.50 and a 200-day moving average price of $13.68. The company has a quick ratio of 1.71, a current ratio of 2.17 and a debt-to-equity ratio of 0.10.

Mama’s Creations (NASDAQ:MAMA) last announced its earnings results on Tuesday, April 14th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. Mama’s Creations had a return on equity of 15.31% and a net margin of 3.06%.The firm had revenue of $53.99 million for the quarter, compared to analyst estimates of $52.64 million. Analysts expect that Mama’s Creations will post 0.25 EPS for the current year.

Insider Activity at Mama’s Creations

In related 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 transaction, the chief executive officer directly owned 695,288 shares of the company’s stock, valued at approximately $10,637,906.40. This represents a 2.28% decrease in their position. The transaction was disclosed in a document filed 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 6.50% of the company’s stock.

Institutional Investors Weigh In On Mama’s Creations

Large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Mama’s Creations by 0.4% in the third quarter. Vanguard Group Inc. now owns 1,893,943 shares of the company’s stock worth $19,905,000 after buying an additional 7,254 shares in the last quarter. Next Century Growth Investors LLC boosted its position in Mama’s Creations by 54.5% during the fourth quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company’s stock worth $22,817,000 after acquiring an additional 596,688 shares during the last quarter. First Eagle Investment Management LLC grew its stake in Mama’s Creations by 1.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 1,337,614 shares of the company’s stock valued at $14,058,000 after acquiring an additional 21,700 shares in the last quarter. Geode Capital Management LLC raised its holdings in Mama’s Creations by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 898,594 shares of the company’s stock valued at $12,125,000 after acquiring an additional 68,506 shares during the last quarter. Finally, Park West Asset Management LLC acquired a new stake in Mama’s Creations in the 3rd quarter valued at about $8,408,000. 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.