Mama's Creations (NASDAQ:MAMA) Posts Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• Mama's Creations reported quarterly earnings of $0.03 per share, exceeding the consensus estimate of $0.02, showcasing positive financial performance with a return on equity of 18.19%.
• The company's stock price reached $9.94, supported by a trading volume significantly higher than its average, with a market capitalization of $373.84 million.
• Several analysts have revised their ratings on Mama's Creations, with a consensus rating of "Moderate Buy" and an average target price of $10.50.

Mama's Creations (NASDAQ:MAMA - Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01, Zacks reports. Mama's Creations had a net margin of 3.34% and a return on equity of 17.41%. The firm had revenue of $35.20 million during the quarter, compared to analyst estimates of $33.18 million. During the same quarter in the prior year, the business posted $0.03 earnings per share.

Mama's Creations Price Performance

Shares of MAMA traded down $0.19 during mid-day trading on Friday, hitting $9.41. 320,380 shares of the company traded hands, compared to its average volume of 290,616. Mama's Creations has a one year low of $5.50 and a one year high of $9.98. The company has a current ratio of 1.58, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average of $8.72 and a 200 day moving average of $7.60. The stock has a market capitalization of $381.10 million, a price-to-earnings ratio of 85.55 and a beta of 0.65.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MAMA. Roth Capital increased their price target on shares of Mama's Creations from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Tuesday. Zacks Research lowered shares of Mama's Creations from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Wall Street Zen lowered shares of Mama's Creations from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Finally, Lake Street Capital raised their price objective on shares of Mama's Creations from $11.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $13.00.

Institutional Trading of Mama's Creations

Hedge funds have recently modified their holdings of the stock. Walleye Capital LLC bought a new stake in shares of Mama's Creations during the second quarter valued at approximately $87,000. Prudential Financial Inc. bought a new stake in shares of Mama's Creations during the second quarter valued at approximately $100,000. Quantbot Technologies LP bought a new stake in shares of Mama's Creations during the second quarter valued at approximately $136,000. Creative Planning bought a new stake in shares of Mama's Creations during the second quarter valued at approximately $141,000. Finally, Invesco Ltd. grew its stake in shares of Mama's Creations by 29.5% during the second quarter. Invesco Ltd. now owns 20,184 shares of the company's stock valued at $168,000 after purchasing an additional 4,600 shares during the last quarter. 45.18% of the stock is owned by institutional investors.

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.