Cal-Maine Foods Inc. (NASDAQ:CALM) – Stock analysts at DA Davidson dropped their Q2 2017 earnings per share estimates for Cal-Maine Foods in a research note issued on Monday. DA Davidson analyst E. Gottlieb now anticipates that the brokerage will post earnings per share of ($0.03) for the quarter, down from their previous estimate of $0.22. DA Davidson currently has a “Underperform” rating and a $35.00 target price on the stock. DA Davidson also issued estimates for Cal-Maine Foods’ Q3 2017 earnings at $0.57 EPS and FY2017 earnings at $0.45 EPS.
Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Cal-Maine Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, August 1st. BB&T Corp. raised shares of Cal-Maine Foods from an “underweight” rating to a “hold” rating in a research report on Thursday, June 16th. TheStreet downgraded shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Vetr raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $46.84 price target on the stock in a report on Monday, September 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $50.87.
Shares of Cal-Maine Foods (NASDAQ:CALM) traded down 1.17% during trading on Thursday, reaching $39.87. 710,260 shares of the company traded hands. Cal-Maine Foods has a 52 week low of $39.32 and a 52 week high of $63.25. The company has a market capitalization of $1.94 billion, a P/E ratio of 6.11 and a beta of 0.70. The company’s 50-day moving average price is $43.26 and its 200-day moving average price is $45.81.
Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Monday, September 26th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.33) by $0.31. The firm had revenue of $239.80 million for the quarter. Cal-Maine Foods had a net margin of 9.23% and a return on equity of 15.81%. The company’s quarterly revenue was down 60.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.95 earnings per share.
Institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Cal-Maine Foods by 223.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,462 shares of the company’s stock valued at $109,000 after buying an additional 1,700 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of Cal-Maine Foods during the second quarter valued at $174,000. PineBridge Investments L.P. boosted its position in shares of Cal-Maine Foods by 3.9% in the second quarter. PineBridge Investments L.P. now owns 3,938 shares of the company’s stock valued at $174,000 after buying an additional 148 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Cal-Maine Foods by 14.1% in the second quarter. Teacher Retirement System of Texas now owns 4,268 shares of the company’s stock valued at $189,000 after buying an additional 526 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Cal-Maine Foods during the second quarter valued at $207,000. Hedge funds and other institutional investors own 63.77% of the company’s stock.
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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