Mama's Creations (NASDAQ:MAMA) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• Mama's Creations has received a "hold (c)" rating from Weiss Ratings, indicating cautious investor sentiment.
• Several brokerages have positive ratings on the stock, with target prices ranging from $15.00 to $18.00, reflecting an overall consensus rating of "Moderate Buy."
• The company's recent quarterly earnings surpassed expectations, reporting $35.20 million in revenue and an EPS of $0.03.

Mama's Creations (NASDAQ:MAMA - Get Free Report)'s stock had its "hold (c)" rating restated by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other brokerages also recently weighed in on MAMA. Lake Street Capital lifted their price objective on shares of Mama's Creations from $11.00 to $15.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. DA Davidson initiated coverage on shares of Mama's Creations in a report on Tuesday, September 23rd. They set a "buy" rating and a $18.00 price target for the company. Wall Street Zen cut shares of Mama's Creations from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Roth Capital lifted their target price on shares of Mama's Creations from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.25.

Mama's Creations Stock Performance

Shares of MAMA stock opened at $10.65 on Wednesday. Mama's Creations has a one year low of $5.50 and a one year high of $11.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.15 and a current ratio of 1.58. The company has a 50 day moving average price of $9.27 and a 200 day moving average price of $8.15. The firm has a market capitalization of $431.33 million, a price-to-earnings ratio of 96.83 and a beta of 0.67.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its quarterly earnings data on Monday, September 8th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $35.20 million during 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 prior year, the business earned $0.03 earnings per share. Sell-side analysts anticipate that Mama's Creations will post 0.09 EPS for the current year.

Insider Activity at Mama's Creations

In other Mama's Creations news, CEO Adam Laurance Michaels sold 65,220 shares of the firm'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 completion of the sale, the chief executive officer owned 598,660 shares of the company's stock, valued at $6,519,407.40. This trade represents a 9.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Shirley Romig sold 4,000 shares of the firm's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $10.18, for a total transaction of $40,720.00. Following the transaction, the director directly owned 17,139 shares in the company, valued at approximately $174,475.02. This represents a 18.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.50% of the company's stock.

Institutional Trading of Mama's Creations

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

Mama's Creations Company Profile

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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