Cal-Maine Foods, Inc. (NASDAQ:CALM) Receives Average Rating of “Hold” from Analysts

Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) have been assigned a consensus recommendation of “Hold” from the five research firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $94.7143.

Several equities research analysts recently issued reports on CALM shares. Wall Street Zen cut Cal-Maine Foods from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Benchmark restated a “buy” rating on shares of Cal-Maine Foods in a research note on Monday, July 13th. Wells Fargo & Company set a $100.00 price objective on Cal-Maine Foods in a report on Monday, July 13th. BMO Capital Markets upped their target price on Cal-Maine Foods from $75.00 to $83.00 and gave the company a “market perform” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings lowered Cal-Maine Foods from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd.

Institutional Investors Weigh In On Cal-Maine Foods

A number of large investors have recently bought and sold shares of CALM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Cal-Maine Foods by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,401 shares of the basic materials company’s stock valued at $2,218,000 after buying an additional 1,057 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Cal-Maine Foods by 100.8% during the 1st quarter. NewEdge Advisors LLC now owns 7,985 shares of the basic materials company’s stock worth $726,000 after acquiring an additional 4,009 shares during the period. United Services Automobile Association acquired a new stake in shares of Cal-Maine Foods during the 1st quarter worth approximately $245,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Cal-Maine Foods by 10.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,422 shares of the basic materials company’s stock worth $7,765,000 after acquiring an additional 7,736 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Cal-Maine Foods by 323.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,087 shares of the basic materials company’s stock valued at $108,000 after acquiring an additional 830 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Up 0.3%

Shares of Cal-Maine Foods stock opened at $85.08 on Friday. Cal-Maine Foods has a twelve month low of $71.92 and a twelve month high of $117.45. The company has a 50-day simple moving average of $82.75 and a two-hundred day simple moving average of $81.32. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 12.99 and a beta of 0.25.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Wednesday, July 22nd. The basic materials company reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.84). Cal-Maine Foods had a net margin of 10.88% and a return on equity of 11.79%. The business had revenue of $552.58 million during the quarter, compared to the consensus estimate of $563.83 million. During the same period in the prior year, the firm earned $7.04 EPS. The business’s revenue for the quarter was down 49.9% on a year-over-year basis.

About Cal-Maine Foods

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.