Mama’s Creations, Inc. (NASDAQ:MAMA) CEO Sells $488,963.16 in Stock

Mama’s Creations, Inc. (NASDAQ:MAMA) CEO Adam Laurance Michaels sold 65,898 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $7.42, for a total value of $488,963.16. Following the sale, the chief executive officer now directly owns 543,260 shares of the company’s stock, valued at $4,030,989.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Mama’s Creations Trading Up 0.6 %

MAMA opened at $7.38 on Friday. The firm’s fifty day moving average is $7.76 and its two-hundred day moving average is $6.71. The firm has a market cap of $274.81 million, a PE ratio of 49.17 and a beta of 1.05. Mama’s Creations, Inc. has a twelve month low of $3.31 and a twelve month high of $8.69. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.17 and a current ratio of 1.37.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings data on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $28.38 million for the quarter, compared to the consensus estimate of $27.80 million. Mama’s Creations had a return on equity of 25.53% and a net margin of 4.51%. During the same quarter last year, the business posted $0.05 EPS. Equities research analysts anticipate that Mama’s Creations, Inc. will post 0.14 EPS for the current year.

Analyst Upgrades and Downgrades

MAMA has been the subject of a number of recent research reports. Roth Mkm reissued a “buy” rating and set a $10.00 price target (up from $8.50) on shares of Mama’s Creations in a research note on Wednesday, September 11th. Lake Street Capital increased their price target on Mama’s Creations from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Finally, Craig Hallum raised their price target on Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Mama’s Creations has a consensus rating of “Buy” and an average target price of $10.00.

Institutional Investors Weigh In On Mama’s Creations

A number of hedge funds have recently modified their holdings of the business. Bard Associates Inc. bought a new stake in Mama’s Creations during the 4th quarter worth approximately $5,688,000. Wasatch Advisors LP acquired a new position in shares of Mama’s Creations in the fourth quarter valued at approximately $19,069,000. Perritt Capital Management Inc. bought a new stake in shares of Mama’s Creations during the fourth quarter worth $1,369,000. First Eagle Investment Management LLC acquired a new stake in shares of Mama’s Creations during the first quarter worth $1,164,000. Finally, Aristides Capital LLC bought a new stake in Mama’s Creations in the 4th quarter valued at $576,000. Institutional investors and hedge funds own 45.18% of the company’s stock.

About Mama’s Creations

Mama's Creations, Inc, together with its subsidiaries, manufactures and markets prepared refrigerated foods primarily in the United States. The company offers beef and turkey meatballs, meat loaf, chicken, sausage-related products, and pasta entrees; and hot bars, salad bars, prepared foods, sandwich, and cold deli and foods-to-go sections.