Mama’s Creations (NASDAQ:MAMA) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Mama’s Creations, Inc. (NASDAQ:MAMA)’s stock price passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $13.43 and traded as low as $13.17. Mama’s Creations shares last traded at $13.24, with a volume of 210,928 shares trading hands.

Analyst Ratings Changes

MAMA has been the subject of a number of research reports. Benchmark initiated coverage on shares of Mama’s Creations in a research report on Tuesday, July 21st. They set a “buy” rating and a $25.00 price target for the company. William Blair began coverage on Mama’s Creations in a research report on Friday, July 24th. They issued an “outperform” rating on the stock. DA Davidson reduced their price objective on Mama’s Creations from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, September 4th. Zacks Research downgraded Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $22.00 target price on shares of Mama’s Creations in a research report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.86.

Mama’s Creations Price Performance

The company has a market cap of $624.27 million, a PE ratio of 77.88 and a beta of 0.55. The business’s 50 day moving average price is $13.43 and its 200-day moving average price is $15.39. The company has a quick ratio of 6.48, a current ratio of 6.93 and a debt-to-equity ratio of 0.03.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Mama’s Creations had a net margin of 3.53% and a return on equity of 10.05%. The business had revenue of $54.58 million during the quarter, compared to analyst estimates of $52.85 million. As a group, analysts forecast that Mama’s Creations, Inc. will post 0.25 earnings per share for the current year.

Insider Buying and Selling at Mama’s Creations

In other Mama’s Creations news, CEO Adam Michaels sold 69,683 shares of the firm’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $13.31, for a total transaction of $927,480.73. Following the completion of the sale, the chief executive officer owned 722,719 shares in the company, valued at $9,619,389.89. This trade represents a 8.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 corporate insiders.

Hedge Funds Weigh In On Mama’s Creations

Several large investors have recently added to or reduced their stakes in the company. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Mama’s Creations during the 2nd quarter valued at approximately $10,860,000. Squarepoint Ops LLC boosted its stake in Mama’s Creations by 278.2% during the 2nd quarter. Squarepoint Ops LLC now owns 138,301 shares of the company’s stock valued at $2,469,000 after purchasing an additional 101,736 shares during the period. Bank of America Corp DE bought a new position in Mama’s Creations in the 2nd quarter worth about $4,423,000. BlackRock Inc. bought a new position in Mama’s Creations in the 2nd quarter worth about $42,473,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Mama’s Creations in the second quarter valued at approximately $1,890,000. 45.18% of the stock is currently owned by institutional investors.

About Mama’s Creations

Mama’s Creations, Inc. makes and markets refrigerated, ready-to-eat prepared foods for grocery retailers and other food sellers. Its products include meatballs, entrées, side dishes, salads, dips and spreads, sold under its own and other brands. The company’s offerings are designed for deli departments and prepared-food sections, as well as foodservice and other retail channels. Mama’s Creations is based in East Rutherford, New Jersey, and serves customers across the United States. The company was previously known as MamaMancini’s Holdings, Inc. before adopting the Mama’s Creations name in 2023, reflecting its broader prepared-food business.