Mama’s Creations (NASDAQ:MAMA) Shares Down 7.1% – Should You Sell?

Mama’s Creations, Inc. (NASDAQ:MAMA) fell 7.1% during trading on Tuesday . The company traded as low as $13.91 and last traded at $13.82. Approximately 602,613 shares were traded during mid-day trading, an increase of 16% from the average session volume of 519,581 shares. The stock had previously closed at $14.88.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MAMA shares. Lake Street Capital restated a “buy” rating and issued a $22.00 price target on shares of Mama’s Creations in a research report on Friday, September 4th. Wall Street Zen downgraded Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings raised Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, September 3rd. Benchmark started coverage on Mama’s Creations in a report on Tuesday, July 21st. They issued a “buy” rating and a $25.00 target price on the stock. Finally, William Blair assumed coverage on Mama’s Creations in a research report on Friday, July 24th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $20.00.

Mama’s Creations Stock Down 10.3%

The firm has a market cap of $629.41 million, a PE ratio of 79.13 and a beta of 0.56. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.93 and a quick ratio of 6.48. The business has a fifty day moving average price of $17.08 and a two-hundred day moving average price of $16.09.

Mama’s Creations (NASDAQ:MAMA) last released its earnings results on Thursday, September 3rd. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $54.58 million for the quarter, compared to analysts’ expectations of $52.85 million. Mama’s Creations had a return on equity of 10.05% and a net margin of 3.53%. On average, analysts anticipate that Mama’s Creations, Inc. will post 0.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Persistent Asset Partners Ltd acquired a new position in Mama’s Creations in the second quarter worth approximately $59,000. Legal & General Group Plc acquired a new stake in Mama’s Creations in the second quarter valued at approximately $65,000. Group One Trading LLC acquired a new stake in Mama’s Creations in the second quarter valued at approximately $81,000. The Manufacturers Life Insurance Company bought a new stake in Mama’s Creations in the second quarter worth approximately $180,000. Finally, HighTower Advisors LLC acquired a new position in shares of Mama’s Creations during the 2nd quarter worth $183,000. 45.18% of the stock is owned by hedge funds and other institutional investors.

Mama’s Creations Company Profile

Mama’s Creations, Inc is a food company that develops, produces and distributes prepared foods, with a focus on convenient, heat-and-eat products inspired by Italian and other comfort-food recipes. The company is best known for its meatballs and related refrigerated and frozen offerings, including products made with beef, turkey, pork, chicken and plant-based ingredients.

Its portfolio also includes stuffed shells, sauces, entrées, soups and side dishes sold under the Mama’s Creations and MamaMancini’s brands, among others.