Mama's Creations (NASDAQ:MAMA) Announces Quarterly Earnings Results

Key Points

• Earnings beat: Mama's Creations reported EPS of $0.06 vs. a $0.04 consensus and revenue of $53.99M vs. $52.64M, with a net margin of 3.08% and ROE of 16.72%.
• Shares and valuation: The stock traded at $15.76 on higher-than-average volume (661,867 vs. 420,960 avg), has a market cap of ~$640.7M, a P/E of 143.29, and a 52-week range of $6.07–$17.85.
• Analyst and institutional interest: MarketBeat shows a consensus "Buy" rating with a $17.60 target, and institutional ownership ~45% with recent stake increases from Vanguard, Geode, State Street and others.

Mama's Creations (NASDAQ:MAMA - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02, FiscalAI reports. Mama's Creations had a net margin of 3.08% and a return on equity of 16.72%. The company had revenue of $53.99 million during the quarter, compared to the consensus estimate of $52.64 million.

Mama's Creations Stock Performance

Shares of NASDAQ MAMA traded down $0.11 during midday trading on Tuesday, reaching $15.76. 661,867 shares of the company traded hands, compared to its average volume of 420,960. Mama's Creations has a 52 week low of $6.07 and a 52 week high of $17.85. The stock has a 50-day moving average price of $15.72 and a 200 day moving average price of $13.38. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.85 and a quick ratio of 1.38. The company has a market cap of $640.69 million, a price-to-earnings ratio of 143.29 and a beta of 0.72.

Wall Street Analyst Weigh In

MAMA has been the subject of a number of research reports. Zacks Research raised shares of Mama's Creations from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 10th. Weiss Ratings upgraded Mama's Creations from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, March 13th. Finally, Wall Street Zen cut Mama's Creations from a "buy" rating to a "hold" rating in a research note on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $17.60.

Institutional Inflows and Outflows

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

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