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

Mama’s Creations (NASDAQ:MAMA) issued its earnings results on Tuesday. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01, Yahoo Finance reports. Mama’s Creations had a return on equity of 31.02% and a net margin of 5.19%. The firm had revenue of $28.38 million for the quarter, compared to analysts’ expectations of $27.80 million. During the same period in the previous year, the firm posted $0.05 earnings per share.

Mama’s Creations Trading Down 0.4 %

Shares of NASDAQ MAMA opened at $7.88 on Thursday. The business’s 50 day moving average is $7.73 and its two-hundred day moving average is $6.49. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 1.21. Mama’s Creations has a 1-year low of $3.31 and a 1-year high of $8.69. The stock has a market capitalization of $293.45 million, a P/E ratio of 52.50 and a beta of 1.06.

Analysts Set New Price Targets

MAMA has been the topic of several research reports. Roth Mkm reaffirmed a “buy” rating and issued a $10.00 target price (up from $8.50) on shares of Mama’s Creations in a report on Wednesday. Craig Hallum lifted their target price on Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Lake Street Capital boosted their price objective on Mama’s Creations from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $10.00.

About Mama’s Creations

Mama's Creations, Inc, together with its subsidiaries, manufactures and markets prepared refrigerated foods primarily in the United States. The company offers beef and turkey meatballs, meat loaf, chicken, sausage-related products, and pasta entrees; and hot bars, salad bars, prepared foods, sandwich, and cold deli and foods-to-go sections.