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

Mama’s Creations (NASDAQ:MAMA) issued its quarterly earnings results on Monday. The company reported $0.01 earnings per share (EPS) 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 quarter last year, the company posted $0.05 EPS.

Mama’s Creations Stock Up 2.4 %

NASDAQ:MAMA traded up $0.23 during trading hours on Monday, reaching $9.70. 880,464 shares of the stock were exchanged, compared to its average volume of 334,111. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.17. Mama’s Creations has a twelve month low of $3.70 and a twelve month high of $9.98. The stock has a market cap of $364.50 million, a PE ratio of 74.62 and a beta of 1.10. The firm has a 50 day moving average of $8.43 and a 200 day moving average of $7.79.

Analyst Upgrades and Downgrades

MAMA has been the topic of several analyst reports. Craig Hallum increased their price objective on shares of Mama’s Creations from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Roth Mkm reissued a “buy” rating and issued a $10.00 price target (up previously from $8.50) on shares of Mama’s Creations in a research note on Wednesday, September 11th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $10.00.

Insider Buying and Selling

In related news, CEO Adam Laurance Michaels sold 65,898 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were 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 in the company, valued at approximately $4,030,989.20. The trade was a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.00% of the stock is currently owned by corporate 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.