Insider Selling: Mama’s Creations, Inc. (NASDAQ:MAMA) CEO Sells 65,898 Shares of Stock

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

Mama’s Creations Trading Up 0.6 %

MAMA stock opened at $7.38 on Friday. Mama’s Creations, Inc. has a 52-week low of $3.31 and a 52-week high of $8.69. The company has a quick ratio of 1.17, a current ratio of 1.37 and a debt-to-equity ratio of 0.18. The firm has a market cap of $274.81 million, a P/E ratio of 49.17 and a beta of 1.05. The company’s 50-day simple moving average is $7.76 and its 200-day simple moving average is $6.71.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The company 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 in the prior year, the business posted $0.05 earnings per share. As a group, equities analysts forecast that Mama’s Creations, Inc. will post 0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Mama’s Creations

A number of institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP acquired a new position in Mama’s Creations during the fourth quarter worth $19,069,000. Vanguard Group Inc. raised its position in shares of Mama’s Creations by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 1,479,944 shares of the company’s stock worth $7,400,000 after purchasing an additional 45,500 shares during the last quarter. Bard Associates Inc. acquired a new position in shares of Mama’s Creations during the 4th quarter worth about $5,688,000. Russell Investments Group Ltd. lifted its stake in Mama’s Creations by 185.4% in the 1st quarter. Russell Investments Group Ltd. now owns 790,987 shares of the company’s stock valued at $3,955,000 after buying an additional 513,824 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in Mama’s Creations by 166.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 619,376 shares of the company’s stock worth $4,175,000 after buying an additional 386,542 shares during the last quarter. Institutional investors and hedge funds own 45.18% of the company’s stock.

Analyst Ratings Changes

MAMA has been the topic of several analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $10.00 price target (up from $8.50) on shares of Mama’s Creations in a research report on Wednesday, September 11th. Craig Hallum lifted their price target on Mama’s Creations from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Finally, Lake Street Capital upped their price objective on Mama’s Creations from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $10.00.

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.