Mama’s Creations (NASDAQ:MAMA) Stock Price Up 9.8% – Here’s Why

Mama’s Creations, Inc. (NASDAQ:MAMA) shares were up 9.8% during trading on Thursday . The company traded as high as $17.25 and last traded at $17.27. Approximately 447,261 shares traded hands during trading, an increase of 3% from the average session volume of 435,259 shares. The stock had previously closed at $15.73.

Wall Street Analysts Forecast Growth

MAMA has been the subject of a number of research analyst reports. Weiss Ratings downgraded shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. DA Davidson restated a “buy” rating and set a $25.00 price target on shares of Mama’s Creations in a report on Wednesday, May 20th. Wall Street Zen raised shares of Mama’s Creations from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, Zacks Research lowered Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.80.

Mama’s Creations Trading Up 10.3%

The company has a 50 day moving average of $14.58 and a 200 day moving average of $14.59. The firm has a market cap of $706.52 million, a P/E ratio of 124.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.32.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings data on Monday, June 8th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. The firm had revenue of $52.77 million for the quarter, compared to analyst estimates of $51.63 million. Mama’s Creations had a net margin of 3.21% and a return on equity of 14.69%. During the same quarter last year, the firm earned $0.03 earnings per share. Analysts predict that Mama’s Creations, Inc. will post 0.26 EPS for the current fiscal year.

Insider Activity at Mama’s Creations

In other news, CEO Adam Laurance Michaels sold 16,223 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $15.30, for a total transaction of $248,211.90. Following the transaction, the chief executive officer owned 695,288 shares in the company, valued at approximately $10,637,906.40. This trade 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 this link. 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. 1.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mama’s Creations

A number of large investors have recently bought and sold shares of the business. Park West Asset Management LLC acquired a new position in Mama’s Creations during the third quarter worth $8,408,000. Next Century Growth Investors LLC lifted its position in shares of Mama’s Creations by 54.5% in the fourth quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company’s stock worth $22,817,000 after buying an additional 596,688 shares during the last quarter. Pillsbury Lake Capital LLC acquired a new stake in shares of Mama’s Creations in the fourth quarter worth about $6,653,000. Alyeska Investment Group L.P. bought a new stake in shares of Mama’s Creations during the 3rd quarter worth about $4,182,000. Finally, Wellington Management Group LLP bought a new stake in shares of Mama’s Creations during the 4th quarter worth about $3,897,000. 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. 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.