Mama’s Creations (NASDAQ:MAMA) Reaches New 1-Year High – Still a Buy?

Mama’s Creations, Inc. (NASDAQ:MAMA)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $19.72 and last traded at $19.24, with a volume of 881583 shares trading hands. The stock had previously closed at $18.91.

Analysts Set New Price Targets

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

Mama’s Creations Stock Performance

The company has a current ratio of 2.32, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average is $15.01 and its two-hundred day moving average is $14.92. The stock has a market cap of $811.76 million, a price-to-earnings ratio of 142.43 and a beta of 0.60.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings results on Monday, June 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $52.77 million for the quarter, compared to analyst estimates of $51.63 million. During the same period in the previous year, the business posted $0.03 earnings per share. Analysts anticipate that Mama’s Creations, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Mama’s Creations

In related news, CEO Adam Laurance Michaels sold 16,223 shares of Mama’s Creations stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $15.30, for a total transaction of $248,211.90. Following the completion of the sale, 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 SEC, which can be accessed through this hyperlink. 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 Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new position in Mama’s Creations in the 4th quarter worth $63,000. SG Americas Securities LLC purchased a new position in Mama’s Creations in the fourth quarter valued at about $119,000. Bridgeway Capital Management LLC purchased a new position in Mama’s Creations in the fourth quarter valued at about $135,000. Verition Fund Management LLC acquired a new stake in Mama’s Creations during the 3rd quarter valued at approximately $105,000. Finally, Walleye Capital LLC acquired a new stake in Mama’s Creations during the 2nd quarter valued at approximately $87,000. 45.18% of the stock is owned by hedge funds and other 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.