Adam Laurance Michaels Sells 65,898 Shares of Mama’s Creations, Inc. (NASDAQ:MAMA) 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 shares were sold at an average price of $7.42, for a total value of $488,963.16. Following the completion of the transaction, the chief executive officer now owns 543,260 shares in the company, valued at $4,030,989.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Mama’s Creations Price Performance

Shares of MAMA stock opened at $7.38 on Friday. The company has a market cap of $274.81 million, a P/E ratio of 49.17 and a beta of 1.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.17. The stock’s 50-day moving average is $7.76 and its 200 day moving average is $6.71. Mama’s Creations, Inc. has a 1-year low of $3.31 and a 1-year high of $8.69.

Mama’s Creations (NASDAQ:MAMA) last announced its earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Mama’s Creations had a return on equity of 25.53% and a net margin of 4.51%. The firm had revenue of $28.38 million for the quarter, compared to the consensus estimate of $27.80 million. During the same period in the previous year, the business earned $0.05 EPS. Research analysts predict that Mama’s Creations, Inc. will post 0.14 earnings per share for the current fiscal year.

Institutional Trading of Mama’s Creations

Institutional investors have recently bought and sold shares of the stock. Bard Associates Inc. purchased a new position in shares of Mama’s Creations in the fourth quarter worth $5,688,000. Wasatch Advisors LP purchased a new position in Mama’s Creations in the 4th quarter worth $19,069,000. Perritt Capital Management Inc. acquired a new stake in Mama’s Creations during the 4th quarter worth about $1,369,000. First Eagle Investment Management LLC acquired a new stake in Mama’s Creations during the 1st quarter worth about $1,164,000. Finally, Aristides Capital LLC acquired a new position in shares of Mama’s Creations in the fourth quarter valued at about $576,000. 45.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MAMA. Craig Hallum lifted their target price on Mama’s Creations from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Roth Mkm reissued a “buy” rating and issued a $10.00 target price (up previously from $8.50) on shares of Mama’s Creations in a report on Wednesday, September 11th. Finally, Lake Street Capital upped their target price on shares of 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, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $10.00.

Mama’s Creations Company Profile

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.