Mama’s Creations (NASDAQ:MAMA) Shares Gap Down – Time to Sell?

Mama’s Creations, Inc. (NASDAQ:MAMA)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $15.20, but opened at $14.45. Mama’s Creations shares last traded at $14.7720, with a volume of 173,026 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MAMA. Weiss Ratings lowered Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Wall Street Zen lowered Mama’s Creations from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research lowered Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, DA Davidson reiterated a “buy” rating and set a $25.00 price objective on shares of Mama’s Creations in a report on Wednesday, May 20th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mama’s Creations has an average rating of “Moderate Buy” and a consensus price target of $18.80.

Mama’s Creations Price Performance

The company has a quick ratio of 1.71, a current ratio of 2.32 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $555.28 million, a price-to-earnings ratio of 97.43 and a beta of 0.60. The company’s 50-day simple moving average is $14.59 and its 200 day simple moving average is $14.45.

Mama’s Creations (NASDAQ:MAMA) last posted its earnings results on Monday, June 8th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The firm had revenue of $52.77 million for the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $0.03 earnings per share. Equities research analysts forecast that Mama’s Creations, Inc. will post 0.25 EPS for the current year.

Insider Buying and Selling

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 16,223 shares of the 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 directly owned 695,288 shares of the company’s stock, valued at $10,637,906.40. This represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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. 1.03% of the stock is owned by insiders.

Hedge Funds Weigh In On Mama’s Creations

Several hedge funds have recently bought and sold shares of MAMA. State of Alaska Department of Revenue acquired a new stake in shares of Mama’s Creations in the fourth quarter valued at about $63,000. SG Americas Securities LLC acquired a new stake in shares of Mama’s Creations in the fourth quarter valued at about $119,000. Bridgeway Capital Management LLC acquired a new stake in shares of Mama’s Creations in the fourth quarter valued at about $135,000. Verition Fund Management LLC acquired a new stake in shares of Mama’s Creations in the third quarter valued at about $105,000. Finally, Walleye Capital LLC acquired a new stake in shares of Mama’s Creations in the second quarter valued at about $87,000. 45.18% of the stock is owned by institutional investors and hedge funds.

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.