Adam Laurance Michaels Sells 65,220 Shares of Mama's Creations (NASDAQ:MAMA) Stock

Key Points

• CEO Adam Laurance Michaels sold 65,220 shares of Mama's Creations stock for approximately $710,246, reducing his ownership by 9.82% to 598,660 shares.
• Mama's Creations reported $0.03 EPS for the last quarter, exceeding analysts' expectations, and achieved revenue of $35.20 million, surpassing estimates of $33.18 million.
• Equities analysts have mixed ratings on the stock, with one rating a "Strong Buy" and others issuing "Buy" or "Hold" ratings, leading to an average price target of $14.25.

Mama's Creations, Inc. (NASDAQ:MAMA - Get Free Report) CEO Adam Laurance Michaels sold 65,220 shares of the firm's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $10.89, for a total value of $710,245.80. Following the completion of the transaction, the chief executive officer owned 598,660 shares in the company, valued at approximately $6,519,407.40. This trade represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Mama's Creations Stock Performance

Shares of Mama's Creations stock remained flat at $10.81 during trading hours on Thursday. The stock had a trading volume of 222,588 shares, compared to its average volume of 286,719. The business's 50-day simple moving average is $8.96 and its 200 day simple moving average is $7.85. The firm has a market capitalization of $437.79 million, a price-to-earnings ratio of 98.28 and a beta of 0.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.15. Mama's Creations, Inc. has a 52 week low of $5.50 and a 52 week high of $11.49.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its quarterly earnings data on Monday, September 8th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. The company had revenue of $35.20 million for the quarter, compared to the consensus estimate of $33.18 million. Mama's Creations had a return on equity of 17.41% and a net margin of 3.34%.During the same period last year, the business posted $0.03 EPS. Sell-side analysts forecast that Mama's Creations, Inc. will post 0.09 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wall Street Zen downgraded Mama's Creations from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. DA Davidson assumed coverage on Mama's Creations in a report on Tuesday. They issued a "buy" rating and a $18.00 price objective on the stock. Zacks Research downgraded Mama's Creations from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Lake Street Capital raised their target price on Mama's Creations from $11.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. Finally, Roth Capital raised their target price on Mama's Creations from $10.00 to $13.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Mama's Creations presently has an average rating of "Buy" and an average price target of $14.25.

Institutional Investors Weigh In On Mama's Creations

A number of hedge funds have recently bought and sold shares of the business. American Century Companies Inc. grew its stake in Mama's Creations by 1.6% during the 2nd quarter. American Century Companies Inc. now owns 89,062 shares of the company's stock valued at $739,000 after purchasing an additional 1,375 shares in the last quarter. Rhumbline Advisers grew its position in shares of Mama's Creations by 4.8% in the 2nd quarter. Rhumbline Advisers now owns 46,824 shares of the company's stock worth $389,000 after acquiring an additional 2,125 shares in the last quarter. Trail Ridge Investment Advisors LLC grew its position in shares of Mama's Creations by 4.3% in the 1st quarter. Trail Ridge Investment Advisors LLC now owns 74,647 shares of the company's stock worth $486,000 after acquiring an additional 3,098 shares in the last quarter. Intech Investment Management LLC grew its position in shares of Mama's Creations by 17.7% in the 2nd quarter. Intech Investment Management LLC now owns 20,971 shares of the company's stock worth $174,000 after acquiring an additional 3,156 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Mama's Creations by 4.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 97,534 shares of the company's stock worth $635,000 after acquiring an additional 4,231 shares in the last quarter. Institutional investors and hedge funds own 45.18% of the company's stock.

About Mama's Creations

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.

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