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

Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) fell 8% on Wednesday . The stock traded as low as $15.12 and last traded at $15.1540. 204,883 shares traded 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 brokerages have weighed in on MAMA. Zacks Research upgraded Mama’s Creations from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Lake Street Capital raised their price objective on shares of Mama’s Creations from $15.00 to $18.00 and gave the stock 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 boosted their target price on shares of Mama’s Creations from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Finally, DA Davidson raised their price target on shares of Mama’s Creations from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat.com, the company presently 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 company has a fifty day moving average price of $15.35 and a 200 day moving average price of $12.67. The stock has a market cap of $615.12 million, a P/E ratio of 137.57 and a beta of 0.78.

Institutional Investors Weigh In On Mama’s Creations

Institutional investors and hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new position in Mama’s Creations during the 4th quarter worth $63,000. SG Americas Securities LLC bought a new stake in shares of Mama’s Creations in the 4th quarter worth $119,000. Bridgeway Capital Management LLC purchased a new stake in shares of Mama’s Creations in the fourth quarter valued at about $135,000. Verition Fund Management LLC bought a new position in shares of Mama’s Creations during the third quarter valued at about $105,000. Finally, Walleye Capital LLC bought a new position in shares of Mama’s Creations during the second quarter valued at about $87,000. 45.18% of the stock is owned by hedge funds and other institutional investors.

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.