Mama’s Creations (NASDAQ:MAMA) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Mama’s Creations (NASDAQ:MAMA) posted its quarterly earnings data on Monday. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02, FiscalAI reports. The business had revenue of $52.77 million for the quarter, compared to analyst estimates of $51.63 million. Mama’s Creations had a net margin of 3.06% and a return on equity of 15.31%.

Mama’s Creations Trading Up 0.3%

Shares of MAMA traded up $0.05 during midday trading on Monday, hitting $15.20. The stock had a trading volume of 785,213 shares, compared to its average volume of 421,799. Mama’s Creations has a fifty-two week low of $7.75 and a fifty-two week high of $17.85. The business has a 50-day simple moving average of $14.64 and a two-hundred day simple moving average of $14.36. The firm has a market cap of $618.75 million, a P/E ratio of 126.67 and a beta of 0.60. The company has a current ratio of 2.17, a quick ratio of 1.71 and a debt-to-equity ratio of 0.10.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. DA Davidson reiterated a “buy” rating and set a $25.00 price target on shares of Mama’s Creations in a research report on Wednesday, May 20th. Wall Street Zen cut shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded shares of Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 13th. Finally, Zacks Research downgraded shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.80.

Insider Activity at Mama’s Creations

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 16,223 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $15.30, for a total value of $248,211.90. Following the completion of the transaction, the chief executive officer directly owned 695,288 shares in the company, valued at $10,637,906.40. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.03% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bridgeway Capital Management LLC acquired a new position in shares of Mama’s Creations in the fourth quarter worth about $135,000. Verition Fund Management LLC acquired a new position in Mama’s Creations during the third quarter valued at $105,000. Walleye Capital LLC acquired a new position in Mama’s Creations during the second quarter valued at $87,000. Envestnet Asset Management Inc. acquired a new position in Mama’s Creations during the third quarter valued at $117,000. Finally, Prudential Financial Inc. acquired a new position in Mama’s Creations during the second quarter valued at $100,000. 45.18% of the stock is currently owned by institutional investors and hedge funds.

Mama’s Creations Company Profile

Mama’s Creations, Inc engages in the marketing, manufacturing, and distribution of beef meatballs with sauce, turkey meatballs with sauce, beef meat loaf, sausage and peppers, chicken parmesan, and other similar meats and sauces. Its products include beef meatballs, turkey meatballs, stuffed meatballs, lasagna roll ups, retail ready meals, bulk deli, single-size pasta bowls, and packaged refrigerated products. Its brands include MamaMancini’s, Creative Salads, and The Olive Branch. The company was founded by Daniel Dougherty on July 22, 2009 and is headquartered in East Rutherford, NJ.