Shares of Cal-Maine Foods Inc. (NASDAQ:CALM) have been given a consensus rating of “Hold” by the eight analysts that are presently covering the stock. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $37.31.

A number of research analysts have commented on CALM shares. Vetr downgraded Cal-Maine Foods from a “strong-buy” rating to a “buy” rating and set a $41.40 target price on the stock. in a report on Monday, November 7th. Zacks Investment Research raised Cal-Maine Foods from a “strong sell” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Monday, August 15th. TheStreet downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Monday, September 26th. Finally, Goldman Sachs Group Inc. started coverage on Cal-Maine Foods in a report on Thursday. They set a “neutral” rating and a $37.00 target price on the stock.

Hedge funds have recently made changes to their positions in the company. USA Financial Portformulas Corp bought a new stake in shares of Cal-Maine Foods during the third quarter valued at about $943,000. Principal Financial Group Inc. boosted its stake in Cal-Maine Foods by 0.5% in the third quarter. Principal Financial Group Inc. now owns 445,084 shares of the company’s stock valued at $17,154,000 after buying an additional 2,284 shares in the last quarter. Quadrature Capital Ltd boosted its stake in Cal-Maine Foods by 50.1% in the third quarter. Quadrature Capital Ltd now owns 16,017 shares of the company’s stock valued at $617,000 after buying an additional 5,343 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in Cal-Maine Foods during the third quarter valued at approximately $6,344,000. Finally, Lombardia Capital Partners LLC boosted its stake in Cal-Maine Foods by 104.9% in the third quarter. Lombardia Capital Partners LLC now owns 284,719 shares of the company’s stock valued at $10,973,000 after buying an additional 145,740 shares in the last quarter. 64.05% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods (NASDAQ:CALM) opened at 40.95 on Wednesday. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 13.94 and a beta of 0.80. The company’s 50-day moving average price is $38.45 and its 200-day moving average price is $42.83. Cal-Maine Foods has a one year low of $35.65 and a one year high of $57.92.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Monday, September 26th. The company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by $0.31. Cal-Maine Foods had a return on equity of 15.81% and a net margin of 9.23%. The firm had revenue of $239.80 million for the quarter. During the same quarter in the previous year, the company posted $2.95 earnings per share. The firm’s revenue was down 60.7% compared to the same quarter last year. On average, analysts anticipate that Cal-Maine Foods will post $0.37 EPS for the current year.

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.

5 Day Chart for NASDAQ:CALM

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