Mama's Creations, Inc. (NASDAQ:MAMA - Get Free Report) CEO Adam Laurance Michaels sold 16,223 shares of the company's stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $15.30, for a total value of $248,211.90. Following the completion of the sale, the chief executive officer owned 695,288 shares in the company, valued at $10,637,906.40. This trade 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 accessible 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.
Mama's Creations Stock Down 3.2%
Shares of NASDAQ MAMA opened at $14.22 on Tuesday. The stock has a market cap of $578.19 million, a PE ratio of 118.50 and a beta of 0.72. The business has a fifty day moving average of $15.65 and a two-hundred day moving average of $13.54. Mama's Creations, Inc. has a 52-week low of $6.07 and a 52-week high of $17.85. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.71 and a current ratio of 2.17.
Mama's Creations (NASDAQ:MAMA - Get Free Report) last posted its earnings results on Tuesday, April 14th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $53.99 million for the quarter, compared to analyst estimates of $52.64 million. Mama's Creations had a net margin of 3.06% and a return on equity of 15.31%. As a group, equities research analysts expect that Mama's Creations, Inc. will post 0.25 earnings per share for the current fiscal year.
Analyst Ratings Changes
MAMA has been the subject of several recent analyst reports. Wall Street Zen raised shares of Mama's Creations from a "hold" rating to a "buy" rating in a report on Saturday. Weiss Ratings raised Mama's Creations from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, March 13th. DA Davidson increased their price target on Mama's Creations to $25.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Zacks Research raised Mama's Creations from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $18.80.
View Our Latest Research Report on Mama's Creations
Hedge Funds Weigh In On Mama's Creations
A number of institutional investors have recently modified their holdings of the stock. American Century Companies Inc. lifted its position in shares of Mama's Creations by 1.6% during the second quarter. American Century Companies Inc. now owns 89,062 shares of the company's stock worth $739,000 after purchasing an additional 1,375 shares in the last quarter. Trail Ridge Investment Advisors LLC raised its position in Mama's Creations by 2.6% in the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 75,450 shares of the company's stock worth $793,000 after purchasing an additional 1,884 shares during the last quarter. Rhumbline Advisers lifted its holdings in Mama's Creations by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 46,824 shares of the company's stock worth $389,000 after buying an additional 2,125 shares in the last quarter. Invesco Ltd. boosted its position in Mama's Creations by 10.9% in the 4th quarter. Invesco Ltd. now owns 22,299 shares of the company's stock valued at $301,000 after buying an additional 2,183 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Mama's Creations by 13.0% in the 3rd quarter. Alliancebernstein L.P. now owns 21,750 shares of the company's stock valued at $229,000 after buying an additional 2,500 shares during the period. 45.18% of the stock is owned by institutional investors.
Mama's Creations Company Profile
(
Get Free Report)
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.
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