Several other equities analysts have also recently weighed in on the company. Zacks Investment Research raised Cal-Maine Foods from a strong sell rating to a buy rating and set a $47.00 price target on the stock in a report on Monday, August 15th. Vetr raised Cal-Maine Foods from a buy rating to a strong-buy rating and set a $48.33 price target on the stock in a report on Wednesday, September 14th. BB&T Corp. raised Cal-Maine Foods from an underweight rating to a hold rating in a report on Thursday, June 16th. Finally, DA Davidson reissued an underperform rating and set a $35.00 price target (down from $37.00) on shares of Cal-Maine Foods in a report on Tuesday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $47.33.
Cal-Maine Foods (NASDAQ:CALM) opened at 39.68 on Monday. Cal-Maine Foods has a 52-week low of $39.32 and a 52-week high of $63.25. The company’s 50-day moving average price is $43.17 and its 200 day moving average price is $45.77. The stock has a market capitalization of $1.93 billion, a PE ratio of 6.08 and a beta of 0.70.
Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Monday, September 26th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.33) by $0.31. Cal-Maine Foods had a net margin of 9.23% and a return on equity of 15.81%. The business had revenue of $239.80 million for the quarter. During the same quarter last year, the company posted $2.95 EPS. The company’s revenue was down 60.7% on a year-over-year basis. Equities analysts forecast that Cal-Maine Foods will post $0.37 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in CALM. 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 worth $109,000 after buying an additional 1,700 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Cal-Maine Foods during the second quarter worth approximately $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 worth $174,000 after buying an additional 148 shares in the last quarter. 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 worth $189,000 after buying an additional 526 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Cal-Maine Foods during the second quarter worth approximately $207,000. 63.77% of the stock is currently owned by institutional investors.
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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