Mama’s Creations (NASDAQ:MAMA) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Mama’s Creations (NASDAQ:MAMA) posted its quarterly earnings data on Tuesday. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01, Yahoo Finance reports. Mama’s Creations had a return on equity of 31.02% and a net margin of 5.19%. The company had revenue of $28.38 million for the quarter, compared to the consensus estimate of $27.80 million. During the same quarter in the previous year, the business earned $0.05 EPS.

Mama’s Creations Price Performance

NASDAQ MAMA opened at $7.88 on Thursday. The company has a current ratio of 1.37, a quick ratio of 1.21 and a debt-to-equity ratio of 0.29. Mama’s Creations has a 1 year low of $3.31 and a 1 year high of $8.69. The company has a market cap of $293.45 million, a PE ratio of 52.50 and a beta of 1.06. The stock’s 50-day moving average price is $7.73 and its two-hundred day moving average price is $6.49.

Analysts Set New Price Targets

Several equities research analysts have commented on MAMA shares. Roth Mkm reiterated a “buy” rating and issued a $10.00 price target (up from $8.50) on shares of Mama’s Creations in a research report on Wednesday. Lake Street Capital boosted their target price on shares of Mama’s Creations from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Finally, Craig Hallum raised their target price on shares of Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price 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.