Mama’s Creations (NASDAQ:MAMA) Issues Quarterly Earnings Results

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

Mama’s Creations Stock Down 1.1 %

Shares of NASDAQ MAMA opened at $7.91 on Wednesday. Mama’s Creations has a 12-month low of $3.31 and a 12-month high of $8.69. The stock’s fifty day simple moving average is $7.71 and its two-hundred day simple moving average is $6.47. The stock has a market capitalization of $294.75 million, a PE ratio of 52.73 and a beta of 1.06. The company has a current ratio of 1.37, a quick ratio of 1.21 and a debt-to-equity ratio of 0.29.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MAMA shares. Lake Street Capital increased their price target on Mama’s Creations from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Craig Hallum lifted their price objective on shares of Mama’s Creations from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Finally, Roth Mkm reiterated a “buy” rating and issued a $8.50 price target (up from $6.50) on shares of Mama’s Creations in a report on Wednesday, June 12th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $9.38.

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.