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

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

Mama’s Creations Stock Performance

NASDAQ MAMA traded up $0.33 during trading hours on Thursday, hitting $15.96. 698,440 shares of the company’s stock traded hands, compared to its average volume of 504,095. The business’s fifty day moving average price is $17.70 and its two-hundred day moving average price is $16.12. The company has a current ratio of 2.32, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $653.40 million, a P/E ratio of 114.00 and a beta of 0.56. Mama’s Creations has a 52 week low of $8.67 and a 52 week high of $21.00.

Institutional Trading of Mama’s Creations

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Walleye Capital LLC bought a new position in shares of Mama’s Creations in the second quarter worth about $87,000. Prudential Financial Inc. bought a new position in shares of Mama’s Creations during the 2nd quarter valued at approximately $100,000. Verition Fund Management LLC bought a new position in shares of Mama’s Creations during the 3rd quarter valued at approximately $105,000. Envestnet Asset Management Inc. purchased a new stake in Mama’s Creations in the 3rd quarter worth approximately $117,000. Finally, Bridgeway Capital Management LLC purchased a new stake in Mama’s Creations in the 4th quarter worth approximately $135,000. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. William Blair started coverage on shares of Mama’s Creations in a research report on Friday, July 24th. They issued an “outperform” rating for the company. Weiss Ratings lowered shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. DA Davidson reissued a “buy” rating and set a $25.00 price target on shares of Mama’s Creations in a report on Monday, July 13th. Finally, Zacks Research downgraded Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. One research 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.83.

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.