Mama’s Creations (NASDAQ:MAMA – Get Free Report) posted its earnings results on Monday. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02, FiscalAI reports. Mama’s Creations had a net margin of 3.06% and a return on equity of 15.31%. The firm had revenue of $52.77 million during the quarter, compared to the consensus estimate of $51.63 million.
Mama’s Creations Stock Up 0.3%
NASDAQ MAMA traded up $0.05 during trading hours on Monday, reaching $15.20. 785,213 shares of the company traded hands, compared to its average volume of 421,799. Mama’s Creations has a 12 month low of $7.75 and a 12 month high of $17.85. The company has a current ratio of 2.17, a quick ratio of 1.71 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $618.75 million, a PE ratio of 126.67 and a beta of 0.60. The company has a 50 day moving average of $14.64 and a two-hundred day moving average of $14.36.
Insider Buying and Selling
In other Mama’s Creations news, CEO Adam Laurance Michaels sold 16,223 shares of the stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $15.30, for a total transaction of $248,211.90. Following the sale, the chief executive officer directly owned 695,288 shares of the company’s stock, valued at approximately $10,637,906.40. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 company insiders.
Institutional Inflows and Outflows
Analysts Set New Price Targets
MAMA has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Mama’s Creations from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. DA Davidson reiterated a “buy” rating and set a $25.00 price target on shares of Mama’s Creations in a report on Wednesday, May 20th. Zacks Research downgraded shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Weiss Ratings upgraded shares of Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 13th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Mama’s Creations has a consensus rating of “Moderate Buy” and an average price target of $18.80.
View Our Latest Research Report on Mama’s Creations
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.
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