Mama's Creations (NASDAQ:MAMA - Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03), RTT News reports. Mama's Creations had a return on equity of 25.53% and a net margin of 4.51%. During the same quarter in the prior year, the business posted $0.05 earnings per share.
Mama's Creations Stock Up 2.4 %
Mama's Creations stock traded up $0.23 during trading hours on Monday, hitting $9.70. 880,464 shares of the stock traded hands, compared to its average volume of 334,111. Mama's Creations has a one year low of $3.70 and a one year high of $9.98. The firm's 50-day moving average price is $8.43 and its two-hundred day moving average price is $7.79. The company has a current ratio of 1.37, a quick ratio of 1.17 and a debt-to-equity ratio of 0.18. The company has a market cap of $364.50 million, a PE ratio of 74.62 and a beta of 1.10.
Insider Transactions at Mama's Creations
In related news, CEO Adam Laurance Michaels sold 65,898 shares of the business's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $7.42, for a total transaction of $488,963.16. Following the sale, the chief executive officer now owns 543,260 shares of the company's stock, valued at $4,030,989.20. The trade was a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 10.00% of the company's stock.
Analyst Ratings Changes
Several analysts recently issued reports on MAMA shares. Craig Hallum raised their target price on Mama's Creations from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, September 11th. Roth Mkm reissued a "buy" rating and set a $10.00 target price (up from $8.50) on shares of Mama's Creations in a research note on Wednesday, September 11th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $10.00.
Read Our Latest Report on Mama's Creations
Mama's Creations Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Mama's Creations, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mama's Creations wasn't on the list.
While Mama's Creations currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
