Mama’s Creations (NASDAQ:MAMA) Sets New 52-Week High – Time to Buy?

Mama’s Creations, Inc. (NASDAQ:MAMA)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $17.93 and last traded at $17.77, with a volume of 929911 shares traded. The stock had previously closed at $15.73.

Analyst Upgrades and Downgrades

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

Mama’s Creations Trading Up 13.0%

The company has a quick ratio of 1.90, a current ratio of 2.32 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average is $14.62 and its two-hundred day moving average is $14.64. The stock has a market cap of $723.42 million, a price-to-earnings ratio of 126.93 and a beta of 0.60.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings results on Monday, June 8th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Mama’s Creations had a return on equity of 14.69% and a net margin of 3.21%.The business had revenue of $52.77 million for the quarter, compared to analysts’ expectations of $51.63 million. During the same period in the prior year, the firm earned $0.03 EPS. Equities analysts anticipate that Mama’s Creations, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling at Mama’s Creations

In related news, CEO Adam Laurance Michaels sold 16,223 shares of Mama’s Creations stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $15.30, for a total value of $248,211.90. Following the sale, the chief executive officer directly owned 695,288 shares in the company, valued at $10,637,906.40. This trade represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 made changes to their positions in MAMA. State of Alaska Department of Revenue acquired a new position in shares of Mama’s Creations during the fourth quarter worth approximately $63,000. Walleye Capital LLC acquired a new stake in Mama’s Creations in the 2nd quarter valued at approximately $87,000. Prudential Financial Inc. bought a new stake in Mama’s Creations during the 2nd quarter valued at $100,000. Verition Fund Management LLC acquired a new position in Mama’s Creations during the 3rd quarter worth $105,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Mama’s Creations in the third quarter worth $117,000. 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.