Cal-Maine Foods Inc. (NASDAQ:CALM) Given Consensus Rating of “Hold” by Brokerages
Cal-Maine Foods Inc. (NASDAQ:CALM) has been given an average rating of “Hold” by the eight analysts that are currently covering the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $41.67.
CALM has been the subject of a number of analyst reports. Zacks Investment Research upgraded Cal-Maine Foods from a “strong sell” rating to a “buy” rating and set a $47.00 target price for the company in a report on Monday, August 15th. Vetr upgraded Cal-Maine Foods from a “buy” rating to a “strong-buy” rating and set a $48.33 target price for the company in a report on Wednesday, September 14th. BB&T Corp. upgraded Cal-Maine Foods from an “underweight” rating to a “hold” rating in a report on Thursday, June 16th. DA Davidson restated an “underperform” rating and set a $35.00 target price (down previously from $37.00) on shares of Cal-Maine Foods in a report on Tuesday, September 27th. Finally, TheStreet lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Monday, September 26th.
Cal-Maine Foods (NASDAQ:CALM) traded up 0.63% during trading on Wednesday, hitting $38.26. The stock had a trading volume of 513,024 shares. Cal-Maine Foods has a 52-week low of $37.11 and a 52-week high of $63.25. The firm has a market cap of $1.86 billion, a PE ratio of 13.03 and a beta of 0.75. The company’s 50 day moving average is $42.85 and its 200 day moving average is $45.40.
Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings results on Monday, September 26th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by $0.31. The firm earned $239.80 million during the quarter. Cal-Maine Foods had a net margin of 9.23% and a return on equity of 15.81%. The business’s revenue for the quarter was down 60.7% compared to the same quarter last year. During the same period last year, the firm earned $2.95 EPS. Equities research analysts forecast that Cal-Maine Foods will post $0.37 earnings per share for the current year.
Several institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. increased its position in shares of Cal-Maine Foods by 88.1% in the first quarter. Meeder Asset Management Inc. now owns 15,068 shares of the company’s stock worth $782,000 after buying an additional 7,056 shares during the last quarter. Zebra Capital Management LLC increased its position in shares of Cal-Maine Foods by 30.5% in the first quarter. Zebra Capital Management LLC now owns 30,287 shares of the company’s stock worth $1,572,000 after buying an additional 7,071 shares during the last quarter. Huntington Asset Advisors Inc. acquired a new position in shares of Cal-Maine Foods during the first quarter worth about $311,000. M&T Bank Corp increased its position in shares of Cal-Maine Foods by 3.0% in the first quarter. M&T Bank Corp now owns 8,784 shares of the company’s stock worth $456,000 after buying an additional 256 shares during the last quarter. Finally, Acrospire Investment Management LLC acquired a new position in shares of Cal-Maine Foods during the first quarter worth about $337,000. 63.77% of the stock is currently owned by institutional investors and hedge funds.
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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