Mama's Creations (NASDAQ:MAMA) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Mama's Creations from a "buy" to a "hold," though the consensus remains a "Moderate Buy" (five buys, one hold) with an average price target of $18.80 and DA Davidson's higher $25 target.
• The company reported Q results in line with EPS estimates at $0.05 and revenue of $53.99 million (a beat), while the stock trades around $14.15 with a market cap of $575.3M and a high P/E of 117.92.
• CEO Adam Laurance Michaels sold 16,223 shares under a Rule 10b5-1 plan to cover tax obligations (a 2.28% ownership reduction); insiders hold 6.5% and institutions own about 45.18% of the stock.

Mama's Creations (NASDAQ:MAMA - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

Other research analysts have also issued research reports about the company. Weiss Ratings raised Mama's Creations from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, March 13th. Zacks Research lowered Mama's Creations from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 27th. Finally, DA Davidson upped their price target on Mama's Creations to $25.00 and gave the stock a "buy" rating in a research note on Thursday, April 16th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $18.80.

Mama's Creations Trading Down 0.3%

Shares of MAMA opened at $14.15 on Friday. The firm's 50-day moving average price is $15.46 and its 200-day moving average price is $13.69. The firm has a market capitalization of $575.34 million, a price-to-earnings ratio of 117.92 and a beta of 0.64. The company has a current ratio of 2.17, a quick ratio of 1.71 and a debt-to-equity ratio of 0.10. Mama's Creations has a 1-year low of $6.37 and a 1-year high of $17.85.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its quarterly earnings results on Tuesday, April 14th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.05. Mama's Creations had a net margin of 3.06% and a return on equity of 15.31%. The company had revenue of $53.99 million during the quarter, compared to the consensus estimate of $52.64 million. Sell-side analysts anticipate that Mama's Creations will post 0.25 EPS for the current year.

Insider Buying and Selling at Mama's Creations

In other Mama's Creations news, CEO Adam Laurance Michaels sold 16,223 shares of the firm's stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $15.30, for a total transaction of $248,211.90. Following the completion of the transaction, the chief executive officer owned 695,288 shares of the company's stock, valued at approximately $10,637,906.40. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate 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 stock. Creative Planning bought a new position in Mama's Creations during the 2nd quarter valued at approximately $141,000. Rhumbline Advisers raised its stake in Mama's Creations by 4.8% during the second quarter. Rhumbline Advisers now owns 46,824 shares of the company's stock valued at $389,000 after buying an additional 2,125 shares during the last quarter. American Century Companies Inc. boosted its holdings in Mama's Creations by 1.6% in the second quarter. American Century Companies Inc. now owns 89,062 shares of the company's stock worth $739,000 after acquiring an additional 1,375 shares in the last quarter. Prudential Financial Inc. bought a new stake in Mama's Creations in the second quarter worth $100,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Mama's Creations in the second quarter worth $136,000. Hedge funds and other institutional investors own 45.18% of the company's stock.

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. Its brands include MamaMancini's, Creative Salads, and The Olive Branch. The company was founded by Daniel Dougherty on July 22, 2009 and is headquartered in East Rutherford, NJ.

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