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

Mama's Creations (NASDAQ:MAMA - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01, Yahoo Finance reports. Mama's Creations had a net margin of 5.19% and a return on equity of 31.02%. The company had revenue of $28.38 million during the quarter, compared to analyst estimates of $27.80 million. During the same quarter in the previous year, the business posted $0.05 EPS.

Mama's Creations Stock Down 0.4 %

NASDAQ MAMA traded down $0.04 during trading on Wednesday, reaching $7.88. 1,153,210 shares of the company's stock traded hands, compared to its average volume of 350,592. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 1.21. The firm has a market cap of $293.45 million, a price-to-earnings ratio of 47.40 and a beta of 1.06. The company's 50 day simple moving average is $7.73 and its two-hundred day simple moving average is $6.49. Mama's Creations has a 12-month low of $3.31 and a 12-month high of $8.69.

Analyst Ratings Changes

Several analysts have recently commented on MAMA shares. Craig Hallum increased their target price on shares of Mama's Creations from $9.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday. Lake Street Capital lifted their target price on Mama's Creations from $7.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, June 12th. Finally, Roth Mkm reissued a "buy" rating and set a $10.00 price objective (up previously from $8.50) on shares of Mama's Creations in a research note on Wednesday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target 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.