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

Mama’s Creations, Inc. (NASDAQ:MAMA)’s share 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 traded. The stock had previously closed at $18.91.

Wall Street Analyst Weigh In

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

Mama’s Creations Trading Up 1.7%

The stock has a 50-day simple moving average of $14.85 and a two-hundred day simple moving average of $14.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.32. The firm has a market cap of $783.26 million, a PE ratio of 137.43 and a beta of 0.60.

Mama’s Creations (NASDAQ:MAMA) last posted its earnings results on Monday, June 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $52.77 million for the quarter, compared to analysts’ expectations 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 in the prior year, the business earned $0.03 EPS. As a group, sell-side analysts anticipate that Mama’s Creations, Inc. will post 0.26 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Adam Laurance Michaels sold 16,223 shares of the stock in a transaction that occurred 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 $10,637,906.40. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 currently owned by company insiders.

Institutional Investors Weigh In On Mama’s Creations

A number of hedge funds have recently added to or reduced their stakes in MAMA. State of Alaska Department of Revenue bought a new position in shares of Mama’s Creations during the 4th quarter valued at $63,000. Walleye Capital LLC bought a new stake in shares of Mama’s Creations in the second quarter worth $87,000. Prudential Financial Inc. bought a new stake in shares of Mama’s Creations in the second quarter worth $100,000. Verition Fund Management LLC purchased a new stake in Mama’s Creations during the third quarter valued at $105,000. Finally, Envestnet Asset Management Inc. bought a new position in Mama’s Creations in the third quarter valued at about $117,000. 45.18% of the stock is currently owned by hedge funds and other 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.