Cal-Maine Foods, Inc. (NASDAQ:CALM) Given Average Recommendation of “Hold” by Analysts

Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) have earned an average rating of “Hold” from the five brokerages that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $93.00.

Several equities analysts have recently commented on CALM shares. Benchmark reaffirmed a “buy” rating on shares of Cal-Maine Foods in a research report on Tuesday, March 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Cal-Maine Foods in a research note on Friday, March 27th. Stephens increased their target price on Cal-Maine Foods from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 18th. Finally, BMO Capital Markets decreased their target price on Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating for the company in a research report on Wednesday, March 25th.

Institutional Trading of Cal-Maine Foods

Several institutional investors have recently added to or reduced their stakes in CALM. Dimensional Fund Advisors LP lifted its position in shares of Cal-Maine Foods by 8.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,218,573 shares of the basic materials company’s stock worth $176,536,000 after buying an additional 166,402 shares during the last quarter. State Street Corp grew its position in shares of Cal-Maine Foods by 6.8% during the 2nd quarter. State Street Corp now owns 1,716,731 shares of the basic materials company’s stock valued at $171,038,000 after buying an additional 108,578 shares during the last quarter. American Century Companies Inc. raised its stake in Cal-Maine Foods by 3.5% during the third quarter. American Century Companies Inc. now owns 1,618,491 shares of the basic materials company’s stock worth $152,300,000 after acquiring an additional 54,757 shares during the period. First Trust Advisors LP raised its stake in Cal-Maine Foods by 8.8% during the fourth quarter. First Trust Advisors LP now owns 1,196,535 shares of the basic materials company’s stock worth $95,208,000 after acquiring an additional 96,589 shares during the period. Finally, Morgan Stanley lifted its holdings in Cal-Maine Foods by 9.4% in the fourth quarter. Morgan Stanley now owns 978,163 shares of the basic materials company’s stock worth $77,832,000 after acquiring an additional 84,124 shares during the last quarter. Institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Price Performance

CALM opened at $76.05 on Thursday. Cal-Maine Foods has a 12-month low of $71.92 and a 12-month high of $126.40. The stock has a market capitalization of $3.60 billion, a PE ratio of 5.30 and a beta of 0.28. The firm’s fifty day moving average price is $80.73 and its 200 day moving average price is $82.91.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Wednesday, April 1st. The basic materials company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.17. The company had revenue of $666.95 million during the quarter, compared to analyst estimates of $655.82 million. Cal-Maine Foods had a net margin of 20.07% and a return on equity of 26.05%. The firm’s revenue for the quarter was down 53.0% compared to the same quarter last year. During the same period last year, the business earned $10.39 EPS.

Cal-Maine Foods Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Wednesday, April 29th will be paid a dividend of $0.36 per share. The ex-dividend date is Wednesday, April 29th. This represents a $1.44 annualized dividend and a yield of 1.9%. Cal-Maine Foods’s dividend payout ratio (DPR) is 9.97%.

Cal-Maine Foods Company Profile

Cal-Maine Foods, Inc, together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.