Mama’s Creations (NASDAQ:MAMA) Shares Down 8% – Should You Sell?

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) fell 8% during mid-day trading on Wednesday . The company traded as low as $15.12 and last traded at $15.1540. 204,883 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 455,784 shares. The stock had previously closed at $16.47.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Maxim Group set a $20.00 price objective on shares of Mama’s Creations in a report on Tuesday, December 9th. Roth Mkm increased their target price on shares of Mama’s Creations from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Weiss Ratings upgraded shares of Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Craig Hallum lifted their price target on shares of Mama’s Creations from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Finally, Lake Street Capital increased their price objective on Mama’s Creations from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Mama’s Creations currently has an average rating of “Buy” and an average target price of $17.60.

Mama’s Creations Stock Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.85 and a quick ratio of 1.38. The firm has a market capitalization of $615.12 million, a PE ratio of 137.57 and a beta of 0.78. The company’s fifty day simple moving average is $15.35 and its 200 day simple moving average is $12.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Park West Asset Management LLC bought a new stake in Mama’s Creations during the 3rd quarter valued at $8,408,000. Brown Capital Management LLC purchased a new stake in shares of Mama’s Creations during the third quarter worth $7,332,000. Next Century Growth Investors LLC boosted its holdings 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 acquiring an additional 596,688 shares during the period. Pillsbury Lake Capital LLC bought a new position in shares of Mama’s Creations in the fourth quarter worth $6,653,000. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Mama’s Creations in the third quarter valued at $4,182,000. 45.18% of the stock is owned by institutional investors.

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.