Mama's Creations Analysts Boost Their Forecasts Following Upbeat Q3 Results

Core Insights - Mama's Creations, Inc. reported better-than-expected third-quarter financial results, with earnings of 1 cent per share, surpassing the analyst consensus estimate of a loss of 2 cents per share [1] - The company achieved quarterly sales of $47.269 million, exceeding the analyst consensus estimate of $43.203 million [1] Financial Performance - The third-quarter earnings of Mama's Creations showed a significant improvement, indicating a positive trend in financial performance [1] - The sales growth reflects the company's effective strategies and operational improvements [1] Management Commentary - Adam L. Michaels, Chairman and CEO, highlighted the meaningful momentum in scaling the business, integration of Crown 1, and broad-based growth across the protein portfolio [2] - The company implemented targeted price increases in beef and chicken portfolios to mitigate commodity headwinds, while operational improvements in chicken enhanced throughput and reduced overtime [2] Stock Performance - Following the earnings announcement, Mama's Creations shares increased by 16%, trading at $12.97 [2] Analyst Ratings and Price Targets - Craig-Hallum analyst Eric Des Lauriers maintained a Buy rating and raised the price target from $12 to $16 [4] - Lake Street analyst Ryan Meyers also maintained a Buy rating and increased the price target from $15 to $18 [4]