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

Key Points

• Mama’s Creations reported quarterly EPS of $0.06, exceeding analysts’ consensus estimate of $0.05 by $0.01. The company posted a 3.21% net margin and 14.69% return on equity.
• Shares rose 2.1% to $15.96, although the stock remains below its 12-month high of $21.00. Mama’s Creations has a market capitalization of approximately $653 million.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $19.83; institutional investors own 45.18% of the company.

Mama's Creations (NASDAQ:MAMA - Get Free Report) announced its earnings results on Thursday. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.01, Zacks reports. Mama's Creations had a net margin of 3.21% and a return on equity of 14.69%.

Mama's Creations Stock Up 2.1%

Shares of NASDAQ MAMA traded up $0.33 during trading on Thursday, reaching $15.96. The company had a trading volume of 698,440 shares, compared to its average volume of 504,095. Mama's Creations has a 12-month low of $8.67 and a 12-month high of $21.00. The stock has a market cap of $653.40 million, a PE ratio of 114.00 and a beta of 0.56. The business's 50-day moving average is $17.70 and its 200 day moving average is $16.12. The company has a quick ratio of 1.90, a current ratio of 2.32 and a debt-to-equity ratio of 0.09.

Wall Street Analyst Weigh In

Several brokerages have commented on MAMA. Zacks Research lowered shares of Mama's Creations from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 28th. William Blair assumed coverage on Mama's Creations in a research note on Friday, July 24th. They issued an "outperform" rating on the stock. Wall Street Zen downgraded Mama's Creations from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Benchmark initiated coverage on Mama's Creations in a research report on Tuesday, July 21st. They set a "buy" rating and a $25.00 price objective for the company. Finally, Weiss Ratings cut shares of Mama's Creations from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.83.

Hedge Funds Weigh In On Mama's Creations

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Mama's Creations by 0.4% during the third quarter. Vanguard Group Inc. now owns 1,893,943 shares of the company's stock valued at $19,905,000 after acquiring an additional 7,254 shares in the last quarter. Geode Capital Management LLC lifted its position in Mama's Creations by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 898,594 shares of the company's stock valued at $12,125,000 after acquiring an additional 68,506 shares in the last quarter. Park West Asset Management LLC bought a new position in Mama's Creations in the 3rd quarter valued at approximately $8,408,000. State Street Corp boosted its stake in Mama's Creations by 6.1% during the 4th quarter. State Street Corp now owns 734,201 shares of the company's stock valued at $9,904,000 after purchasing an additional 42,059 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Mama's Creations by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 519,630 shares of the company's stock valued at $7,010,000 after purchasing an additional 8,566 shares during the last quarter. Institutional investors own 45.18% of the company's stock.

About Mama's Creations

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.

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