Mama’s Creations (NASDAQ:MAMA) Upgraded by DA Davidson to Strong-Buy Rating

DA Davidson upgraded shares of Mama’s Creations (NASDAQ:MAMA) to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

MAMA has been the topic of several other reports. Weiss Ratings cut Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Wall Street Zen raised Mama’s Creations from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, Zacks Research cut Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Mama’s Creations currently has a consensus rating of “Moderate Buy” and an average price target of $18.80.

Mama’s Creations Price Performance

Shares of Mama’s Creations stock traded down $0.10 during trading hours on Monday, hitting $18.55. The company’s stock had a trading volume of 146,315 shares, compared to its average volume of 485,273. The business has a 50 day moving average price of $15.56 and a two-hundred day moving average price of $15.17. The company has a market cap of $759.44 million, a PE ratio of 132.46 and a beta of 0.56. Mama’s Creations has a 12-month low of $7.88 and a 12-month high of $21.00. 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 announced its quarterly earnings data on Monday, June 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $51.63 million. During the same period last year, the firm posted $0.03 EPS. Analysts expect that Mama’s Creations will post 0.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 16,223 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $15.30, for a total transaction of $248,211.90. Following the sale, the chief executive officer directly owned 695,288 shares of the company’s stock, valued at $10,637,906.40. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 owned by insiders.

Hedge Funds Weigh In On Mama’s Creations

Several large investors have recently modified their holdings of MAMA. Royal Bank of Canada boosted its stake in Mama’s Creations by 14.2% during the first quarter. Royal Bank of Canada now owns 49,018 shares of the company’s stock worth $751,000 after buying an additional 6,094 shares during the period. Renaissance Technologies LLC raised its stake in shares of Mama’s Creations by 5.7% in the first quarter. Renaissance Technologies LLC now owns 360,600 shares of the company’s stock valued at $5,532,000 after acquiring an additional 19,300 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of Mama’s Creations in the 1st quarter worth about $296,000. Bank of Nova Scotia purchased a new position in shares of Mama’s Creations during the 1st quarter worth about $304,000. Finally, Sei Investments Co. boosted its stake in shares of Mama’s Creations by 97.5% during the 1st quarter. Sei Investments Co. now owns 314,640 shares of the company’s stock worth $4,827,000 after purchasing an additional 155,367 shares during the period. Institutional investors own 45.18% of the company’s stock.

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.