Mama's Creations (NASDAQ:MAMA) Given "Buy" Rating at DA Davidson

Key Points

• DA Davidson has reaffirmed a "Buy" rating for Mama's Creations (NASDAQ:MAMA), setting a price target of $18.00, indicating a potential upside of 63.19%.
• The company reported a quarterly earnings of $0.03 EPS, surpassing estimates, with revenue of $35.20 million compared to analyst expectations of $33.18 million.
• Recent insider trading includes CEO Adam Laurance Michaels selling 65,220 shares for approximately $710,245, reducing his ownership by 9.82%.

Mama's Creations (NASDAQ:MAMA - Get Free Report)'s stock had its "buy" rating restated by stock analysts at DA Davidson in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $18.00 price target on the stock. DA Davidson's price target points to a potential upside of 63.19% from the company's previous close.

Several other research firms have also commented on MAMA. Zacks Research lowered shares of Mama's Creations from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Mama's Creations in a research report on Wednesday, October 8th. Roth Capital lifted their price target on shares of Mama's Creations from $10.00 to $13.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. Lake Street Capital boosted their target price on Mama's Creations from $11.00 to $15.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. Finally, Wall Street Zen cut Mama's Creations from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Mama's Creations currently has a consensus rating of "Moderate Buy" and an average price target of $14.25.

Mama's Creations Trading Up 0.7%

Shares of MAMA stock traded up $0.08 during trading on Tuesday, hitting $11.03. 36,577 shares of the stock traded hands, compared to its average volume of 283,166. The firm has a market capitalization of $446.72 million, a P/E ratio of 100.28 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's fifty day moving average price is $9.42 and its 200-day moving average price is $8.26. Mama's Creations 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 results on Monday, September 8th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $35.20 million for the quarter, compared to analyst estimates of $33.18 million. Mama's Creations had a net margin of 3.34% and a return on equity of 17.41%. During the same quarter in the previous year, the company earned $0.03 EPS. As a group, research analysts forecast that Mama's Creations will post 0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Adam Laurance Michaels sold 65,220 shares of the company's stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $10.89, for a total transaction of $710,245.80. Following the sale, the chief executive officer owned 598,660 shares of the company's stock, valued at approximately $6,519,407.40. This represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Shirley Romig sold 4,000 shares of the company's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $10.18, for a total value of $40,720.00. Following the sale, the director directly owned 17,139 shares in the company, valued at $174,475.02. This represents a 18.92% decrease in their position. The disclosure for this sale can be found here. 6.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Mama's Creations

A number of large investors have recently modified their holdings of MAMA. Rhumbline Advisers increased its position in shares of Mama's Creations by 5.0% during the first quarter. Rhumbline Advisers now owns 44,699 shares of the company's stock worth $291,000 after acquiring an additional 2,146 shares during the period. Conestoga Capital Advisors LLC increased its position in shares of Mama's Creations by 18.4% during the first quarter. Conestoga Capital Advisors LLC now owns 229,140 shares of the company's stock worth $1,492,000 after acquiring an additional 35,590 shares during the period. VELA Investment Management LLC increased its position in shares of Mama's Creations by 17.2% during the first quarter. VELA Investment Management LLC now owns 476,353 shares of the company's stock worth $3,101,000 after acquiring an additional 69,749 shares during the period. Trail Ridge Investment Advisors LLC increased its position in shares of Mama's Creations by 4.3% during the first 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 during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Mama's Creations during the first quarter worth $116,000. Hedge funds and other 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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