Shares of Cal-Maine Foods Inc. (NASDAQ:CALM) have earned an average rating of “Hold” from the eight research firms that are currently covering the firm. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $41.67.
CALM has been the subject of a number of recent analyst reports. BB&T Corp. raised Cal-Maine Foods from an “underweight” rating to a “hold” rating in a research report on Thursday, June 16th. Vetr cut Cal-Maine Foods from a “strong-buy” rating to a “buy” rating and set a $45.66 price objective for the company. in a research report on Monday, July 25th. Zacks Investment Research raised Cal-Maine Foods from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Finally, DA Davidson reissued an “underperform” rating and issued a $35.00 price objective (down previously from $37.00) on shares of Cal-Maine Foods in a research report on Tuesday, September 27th.
Hedge funds have recently modified their holdings of the company. Aperio Group LLC boosted its stake in shares of Cal-Maine Foods by 3.0% in the first quarter. Aperio Group LLC now owns 11,808 shares of the company’s stock worth $613,000 after buying an additional 348 shares in the last quarter. Virginia Retirement System purchased a new stake in shares of Cal-Maine Foods during the first quarter worth approximately $566,000. Teachers Advisors Inc. boosted its stake in shares of Cal-Maine Foods by 3.3% in the first quarter. Teachers Advisors Inc. now owns 45,719 shares of the company’s stock worth $2,373,000 after buying an additional 1,469 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Cal-Maine Foods by 0.6% in the first quarter. Prudential Financial Inc. now owns 92,043 shares of the company’s stock worth $4,777,000 after buying an additional 521 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Cal-Maine Foods by 2.3% in the first quarter. BlackRock Inc. now owns 310,133 shares of the company’s stock worth $16,099,000 after buying an additional 6,910 shares in the last quarter. 63.77% of the stock is owned by institutional investors.
Shares of Cal-Maine Foods (NASDAQ:CALM) opened at 38.59 on Wednesday. Cal-Maine Foods has a 52-week low of $37.11 and a 52-week high of $63.25. The company’s 50 day moving average price is $42.47 and its 200 day moving average price is $45.20. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 13.14 and a beta of 0.75.
Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Monday, September 26th. The company reported ($0.64) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.33) by $0.31. The business earned $239.80 million during the quarter. Cal-Maine Foods had a return on equity of 15.81% and a net margin of 9.23%. Cal-Maine Foods’s quarterly revenue was down 60.7% on a year-over-year basis. During the same period last year, the firm earned $2.95 earnings per share. On average, analysts predict that Cal-Maine Foods will post $0.37 EPS for the current year.
About Cal-Maine Foods
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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