Mama’s Creations (NASDAQ:MAMA) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

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

Mama’s Creations Price Performance

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

Analysts Set New Price Targets

Several equities research analysts have commented on MAMA shares. Craig Hallum upped their target price on shares of 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 restated a “buy” rating and issued a $10.00 price objective (up previously from $8.50) on shares of Mama’s Creations in a research report on Wednesday, September 11th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Mama’s Creations presently has a consensus rating of “Buy” and an average target price of $10.00.

Insider Buying and Selling

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 sale, the chief executive officer now owns 543,260 shares of the company’s stock, valued at approximately $4,030,989.20. The trade was a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.00% of the stock is owned by corporate insiders.

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.