Mama’s Creations (NASDAQ:MAMA) Issues Earnings Results

Mama’s Creations (NASDAQ:MAMA) posted its quarterly earnings data on Monday. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02, FiscalAI reports. The business had revenue of $52.77 million during the quarter, compared to analyst estimates of $51.63 million. Mama’s Creations had a net margin of 3.06% and a return on equity of 15.31%.

Mama’s Creations Stock Performance

Shares of NASDAQ MAMA traded up $0.05 during midday trading on Monday, hitting $15.20. The company’s stock had a trading volume of 802,345 shares, compared to its average volume of 422,608. Mama’s Creations has a 1-year low of $7.75 and a 1-year high of $17.85. The firm’s fifty day moving average price is $14.64 and its 200-day moving average price is $14.36. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.71 and a current ratio of 2.17. The firm has a market cap of $618.75 million, a P/E ratio of 126.67 and a beta of 0.60.

Insider Transactions at Mama’s Creations

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 16,223 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $15.30, for a total transaction of $248,211.90. Following the completion of the transaction, the chief executive officer directly owned 695,288 shares of the company’s stock, valued at $10,637,906.40. The trade was a 2.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.03% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MAMA. Invesco Ltd. lifted its holdings in shares of Mama’s Creations by 10.9% in the fourth quarter. Invesco Ltd. now owns 22,299 shares of the company’s stock valued at $301,000 after buying an additional 2,183 shares during the period. Pillsbury Lake Capital LLC acquired a new stake in shares of Mama’s Creations in the fourth quarter valued at $6,653,000. XTX Topco Ltd acquired a new stake in shares of Mama’s Creations in the fourth quarter valued at $327,000. Wellington Management Group LLP acquired a new stake in shares of Mama’s Creations in the fourth quarter valued at $3,897,000. Finally, Numerai GP LLC acquired a new stake in shares of Mama’s Creations in the fourth quarter valued at $263,000. Institutional investors and hedge funds own 45.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MAMA shares. DA Davidson reaffirmed a “buy” rating and set a $25.00 price target on shares of Mama’s Creations in a research report on Wednesday, May 20th. Wall Street Zen lowered Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Zacks Research lowered Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Weiss Ratings upgraded Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 13th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Mama’s Creations has a consensus rating of “Moderate Buy” and an average target price of $18.80.

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.