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

Mama’s Creations (NASDAQ:MAMA) announced its quarterly earnings results on Thursday. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01, Zacks reports. Mama’s Creations had a return on equity of 14.69% and a net margin of 3.21%.

Mama’s Creations Trading Up 2.1%

Shares of MAMA traded up $0.33 during midday trading on Thursday, hitting $15.96. 699,875 shares of the stock were exchanged, compared to its average volume of 504,127. Mama’s Creations has a 52-week low of $8.67 and a 52-week high of $21.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.32. The stock has a fifty day simple moving average of $17.70 and a 200 day simple moving average of $16.12. The firm has a market cap of $653.40 million, a P/E ratio of 114.00 and a beta of 0.56.

Hedge Funds Weigh In On Mama’s Creations

Several hedge funds have recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in Mama’s Creations by 1.6% during the 2nd quarter. American Century Companies Inc. now owns 89,062 shares of the company’s stock worth $739,000 after acquiring an additional 1,375 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Mama’s Creations by 4.8% in the 2nd quarter. Rhumbline Advisers now owns 46,824 shares of the company’s stock valued at $389,000 after purchasing an additional 2,125 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Mama’s Creations by 10.9% in the 4th quarter. Invesco Ltd. now owns 22,299 shares of the company’s stock valued at $301,000 after purchasing an additional 2,183 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Mama’s Creations by 13.0% during the 3rd quarter. Alliancebernstein L.P. now owns 21,750 shares of the company’s stock worth $229,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Mama’s Creations by 14.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,692 shares of the company’s stock worth $280,000 after purchasing an additional 2,646 shares during the last quarter. Institutional investors and hedge funds own 45.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Zacks Research downgraded Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. William Blair began coverage on shares of Mama’s Creations in a research note on Friday, July 24th. They set an “outperform” rating for the company. Weiss Ratings lowered shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Benchmark assumed coverage on shares of Mama’s Creations in a research report on Tuesday, July 21st. They set a “buy” rating and a $25.00 price target for the company. Finally, DA Davidson reissued a “buy” rating and issued a $25.00 price target on shares of Mama’s Creations in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Mama’s Creations currently has an average rating of “Moderate Buy” and a consensus target price of $19.83.

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.