Insider Selling: Mama's Creations (NASDAQ:MAMA) Director Sells 4,000 Shares of Stock

Key Points

• Director Shirley Romig of Mama's Creations sold 4,000 shares at an average price of $10.18, reducing her stake by 18.92% to 17,139 shares valued at approximately $174,475.
• Despite the insider sale, Mama's Creations stock rose by 2.3% to $10.95, with a market cap of $443.46 million and a current price-to-earnings ratio of 99.55.
• Analysts have mixed ratings on Mama's Creations, with a consensus of "Moderate Buy" and a target price of $13.00, while Zacks downgraded the stock from "strong-buy" to "hold".

Mama's Creations, Inc. (NASDAQ:MAMA - Get Free Report) Director Shirley Romig sold 4,000 shares of Mama's Creations stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $10.18, for a total value of $40,720.00. Following the completion of the sale, the director owned 17,139 shares in the company, valued at approximately $174,475.02. This trade represents a 18.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Mama's Creations Price Performance

Mama's Creations stock traded down $0.20 during mid-day trading on Tuesday, hitting $10.76. 231,020 shares of the company were exchanged, compared to its average volume of 284,609. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.15. The business's 50 day simple moving average is $8.90 and its two-hundred day simple moving average is $7.81. The company has a market capitalization of $435.58 million, a P/E ratio of 97.42 and a beta of 0.65. Mama's Creations, Inc. has a 12-month low of $5.50 and a 12-month high of $11.49.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last issued its earnings results on Monday, September 8th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. Mama's Creations had a return on equity of 17.41% and a net margin of 3.34%.The firm had revenue of $35.20 million for the quarter, compared to analysts' expectations of $33.18 million. During the same quarter last year, the firm earned $0.03 earnings per share. Analysts forecast that Mama's Creations, Inc. will post 0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wall Street Zen downgraded Mama's Creations from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Lake Street Capital increased their price objective on Mama's Creations from $11.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. Roth Capital upped their price target on shares of Mama's Creations from $10.00 to $13.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. Zacks Research cut shares of Mama's Creations from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, DA Davidson assumed coverage on shares of Mama's Creations in a report on Tuesday. They set a "buy" rating and a $18.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $14.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MAMA. Gilder Gagnon Howe & Co. LLC purchased a new position in Mama's Creations during the second quarter valued at approximately $2,047,000. Penn Capital Management Company LLC increased its position in Mama's Creations by 170.1% during the 1st quarter. Penn Capital Management Company LLC now owns 332,948 shares of the company's stock valued at $2,167,000 after purchasing an additional 209,680 shares during the period. Diamond Hill Capital Management Inc. grew its position in shares of Mama's Creations by 36.1% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 558,579 shares of the company's stock worth $3,636,000 after buying an additional 148,147 shares during the period. Calamos Advisors LLC grew its position in shares of Mama's Creations by 48.2% in the 2nd quarter. Calamos Advisors LLC now owns 356,862 shares of the company's stock worth $2,962,000 after buying an additional 116,110 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Mama's Creations by 16.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 732,587 shares of the company's stock worth $6,080,000 after purchasing an additional 101,471 shares in the last quarter. 45.18% of the stock is owned by institutional investors.

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.