Cal-Maine Foods Inc. (NASDAQ:CALM) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating in a report issued on Monday. They presently have a $39.93 price objective on the stock. Vetr‘s price objective points to a potential downside of 2.49% from the stock’s current price.

Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Cal-Maine Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, August 1st. Goldman Sachs Group Inc. began coverage on shares of Cal-Maine Foods in a research note on Thursday. They set a “neutral” rating and a $37.00 target price for the company. DA Davidson reissued an “underperform” rating and set a $35.00 target price (down from $37.00) on shares of Cal-Maine Foods in a research note on Tuesday, September 27th. Finally, TheStreet lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Monday, September 26th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.73.

Analyst Recommendations for Cal-Maine Foods (NASDAQ:CALM)

Shares of Cal-Maine Foods (NASDAQ:CALM) opened at 40.95 on Monday. The company’s 50-day moving average is $38.45 and its 200 day moving average is $42.83. The stock has a market capitalization of $1.99 billion, a P/E ratio of 13.94 and a beta of 0.80. Cal-Maine Foods has a 12 month low of $35.65 and a 12 month high of $57.92.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Monday, September 26th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.33) by $0.31. The firm had revenue of $239.80 million for the quarter. Cal-Maine Foods had a return on equity of 15.81% and a net margin of 9.23%. The firm’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 earnings per share. Equities research analysts predict that Cal-Maine Foods will post $0.17 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in CALM. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Cal-Maine Foods by 223.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,462 shares of the company’s stock valued at $109,000 after buying an additional 1,700 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Cal-Maine Foods by 22.7% in the third quarter. PNC Financial Services Group Inc. now owns 3,100 shares of the company’s stock valued at $119,000 after buying an additional 573 shares during the last quarter. PineBridge Investments L.P. increased its stake in Cal-Maine Foods by 3.9% in the second quarter. PineBridge Investments L.P. now owns 3,938 shares of the company’s stock valued at $174,000 after buying an additional 148 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in Cal-Maine Foods during the second quarter valued at $174,000. Finally, Teacher Retirement System of Texas increased its stake in Cal-Maine Foods by 14.1% in the second quarter. Teacher Retirement System of Texas now owns 4,268 shares of the company’s stock valued at $189,000 after buying an additional 526 shares during the last quarter. Hedge funds and other institutional investors own 64.05% of the company’s stock.

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.

5 Day Chart for NASDAQ:CALM

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