Mama's Creations (NASDAQ:MAMA) CEO Sells $37,578.40 in Stock

Key Points

• CEO Insider Sale: Adam Laurance Michaels, CEO of Mama's Creations, sold 3,512 shares for approximately $37,578.40, representing a 0.59% decrease in his ownership of the company.
• Stock Performance: Mama's Creations stock recently traded down 2.6% to $10.81, with a market capitalization of $437.81 million and a P/E ratio of 98.28.
• Earnings Report: The company reported a quarterly EPS of $0.03, exceeding expectations, with revenues of $35.20 million, surpassing analysts' projections of $33.18 million.

Mama's Creations, Inc. (NASDAQ:MAMA - Get Free Report) CEO Adam Laurance Michaels sold 3,512 shares of the stock in a transaction on Monday, October 13th. The shares were sold at an average price of $10.70, for a total transaction of $37,578.40. Following the transaction, the chief executive officer directly owned 595,148 shares in the company, valued at approximately $6,368,083.60. This represents a 0.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Adam Laurance Michaels also recently made the following trade(s):

• On Tuesday, September 23rd, Adam Laurance Michaels sold 65,220 shares of Mama's Creations stock. The shares were sold at an average price of $10.89, for a total transaction of $710,245.80.

Mama's Creations Trading Down 2.6%

MAMA traded down $0.29 during trading on Wednesday, hitting $10.81. 239,252 shares of the stock traded hands, compared to its average volume of 284,075. The firm has a market capitalization of $437.81 million, a P/E ratio of 98.28 and a beta of 0.67. 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 firm has a 50-day moving average of $9.48 and a 200 day moving average of $8.28. 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 announced its quarterly earnings results on Monday, September 8th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. Mama's Creations had a net margin of 3.34% and a return on equity of 17.41%. The business had revenue of $35.20 million during the quarter, compared to analysts' expectations of $33.18 million. During the same quarter in the prior year, the company posted $0.03 EPS. Equities research analysts anticipate that Mama's Creations, Inc. will post 0.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MAMA shares. Roth Capital raised their target price on shares of Mama's Creations from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. Lake Street Capital lifted their price target on shares of Mama's Creations from $11.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. DA Davidson reaffirmed a "buy" rating and set a $18.00 price target on shares of Mama's Creations in a report on Tuesday. Zacks Research cut shares of Mama's Creations from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Mama's Creations in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $14.25.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. AlphaQuest LLC bought a new position in shares of Mama's Creations in the first quarter worth about $35,000. Walleye Capital LLC bought a new position in shares of Mama's Creations in the second quarter worth about $87,000. Legato Capital Management LLC bought a new position in shares of Mama's Creations in the first quarter worth about $71,000. Prudential Financial Inc. bought a new position in shares of Mama's Creations in the second quarter worth about $100,000. Finally, Quantbot Technologies LP bought a new position in shares of Mama's Creations in the second quarter worth about $136,000. Institutional investors 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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