Mama’s Creations (NASDAQ:MAMA) Releases Earnings Results

Mama’s Creations (NASDAQ:MAMA) announced its quarterly earnings data on Monday. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03), RTT News reports. Mama’s Creations had a return on equity of 25.53% and a net margin of 4.51%. During the same period last year, the business posted $0.05 EPS.

Mama’s Creations Trading Up 2.4 %

Shares of NASDAQ MAMA opened at $9.70 on Tuesday. Mama’s Creations has a 1-year low of $3.70 and a 1-year high of $9.98. The company has a 50-day moving average of $8.43 and a two-hundred day moving average of $7.79. The company has a market cap of $364.50 million, a PE ratio of 74.62 and a beta of 1.10. The company has a current ratio of 1.37, a quick ratio of 1.17 and a debt-to-equity ratio of 0.18.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MAMA shares. Craig Hallum lifted their price target on shares of Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Roth Mkm reiterated a “buy” rating and set a $10.00 target price (up from $8.50) on shares of Mama’s Creations in a research report on Wednesday, September 11th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $10.00.

Insider Activity

In related news, CEO Adam Laurance Michaels sold 65,898 shares of Mama’s Creations 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 completion of the sale, the chief executive officer now directly owns 543,260 shares in the company, valued at $4,030,989.20. This trade represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.00% of the stock is owned by insiders.

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.