Cal-Maine Foods Inc. (NASDAQ:CALM) posted its quarterly earnings data on Monday. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.22) by $0.42. The firm had revenue of $239.80 million for the quarter, compared to the consensus estimate of $298.36 million. Cal-Maine Foods had a return on equity of 36.02% and a net margin of 16.56%.
Cal-Maine Foods (NASDAQ:CALM) opened at 42.17 on Monday. The company has a market cap of $2.05 billion, a PE ratio of 6.46 and a beta of 0.70. Cal-Maine Foods has a 12 month low of $39.60 and a 12 month high of $63.25. The company has a 50 day moving average price of $43.48 and a 200-day moving average price of $46.09.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Martingale Asset Management L P boosted its position in Cal-Maine Foods by 2.4% in the second quarter. Martingale Asset Management L P now owns 19,878 shares of the company’s stock valued at $881,000 after buying an additional 463 shares in the last quarter. Cipher Capital LP boosted its position in Cal-Maine Foods by 81.2% in the second quarter. Cipher Capital LP now owns 20,921 shares of the company’s stock valued at $927,000 after buying an additional 9,377 shares in the last quarter. Sei Investments Co. boosted its position in Cal-Maine Foods by 110.2% in the second quarter. Sei Investments Co. now owns 13,098 shares of the company’s stock valued at $581,000 after buying an additional 6,867 shares in the last quarter. American National Insurance Co. TX acquired a new position in Cal-Maine Foods during the second quarter valued at $290,000. Finally, Janney Montgomery Scott LLC acquired a new position in Cal-Maine Foods during the second quarter valued at $574,000. 63.77% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on CALM shares. Vetr cut Cal-Maine Foods from a “buy” rating to a “hold” rating and set a $46.84 price objective on the stock. in a research report on Monday, August 29th. Zacks Investment Research cut Cal-Maine Foods from a “buy” rating to a “strong sell” rating in a research report on Friday, September 16th. Finally, BB&T Corp. upgraded Cal-Maine Foods from an “underweight” rating to a “hold” rating in a research report on Thursday, June 16th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $52.87.
Cal-Maine Foods Company Profile
Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It offers shell eggs, including specialty and non-specialty eggs. It classifies cage free, organic and brown eggs as specialty products.
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