Cal-Maine Foods Inc. (NASDAQ:CALM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “Cal-Maine Foods, Inc. is engaged in the production, cleaning, grading, and packaging of fresh shell eggs for sale to shell egg retailers. The company is the one of the largest producers and distributors of fresh shell eggs in the United States. The company markets its eggs primarily in the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States. “

Several other equities research analysts have also issued reports on the stock. Vetr raised shares of Cal-Maine Foods from a “buy” rating to a “strong-buy” rating and set a $48.33 price target on the stock in a report on Wednesday, September 14th. DA Davidson reissued an “underperform” rating and issued a $35.00 price target (down previously from $37.00) on shares of Cal-Maine Foods in a report on Tuesday, September 27th. Goldman Sachs Group Inc. started coverage on shares of Cal-Maine Foods in a report on Thursday, November 10th. They issued a “neutral” rating and a $37.00 target price on the stock. Finally, TheStreet lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Monday, September 26th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $39.73.

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

Cal-Maine Foods (NASDAQ:CALM) traded up 1.49% during mid-day trading on Monday, hitting $40.95. 350,784 shares of the company’s stock were exchanged. Cal-Maine Foods has a 52 week low of $35.65 and a 52 week high of $56.49. The firm has a 50 day moving average of $38.58 and a 200 day moving average of $42.06. 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 (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 the Thomson Reuters’ consensus estimate of ($0.33) by $0.31. The business 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%. Cal-Maine Foods’s revenue for the quarter was down 60.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.95 earnings per share. Equities analysts forecast that Cal-Maine Foods will post ($0.25) earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mondrian Investment Partners LTD increased its position in shares of Cal-Maine Foods by 41.2% in the second quarter. Mondrian Investment Partners LTD now owns 50,195 shares of the company’s stock valued at $2,225,000 after buying an additional 14,635 shares during the period. LPL Financial LLC increased its position in shares of Cal-Maine Foods by 86.2% in the first quarter. LPL Financial LLC now owns 50,248 shares of the company’s stock valued at $2,609,000 after buying an additional 23,263 shares during the period. Callahan Advisors LLC increased its position in shares of Cal-Maine Foods by 1.0% in the second quarter. Callahan Advisors LLC now owns 107,471 shares of the company’s stock valued at $4,763,000 after buying an additional 1,082 shares during the period. Baltimore Washington Financial Advisors Inc. increased its position in shares of Cal-Maine Foods by 1.4% in the second quarter. Baltimore Washington Financial Advisors Inc. now owns 115,607 shares of the company’s stock valued at $5,123,000 after buying an additional 1,562 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Cal-Maine Foods during the second quarter valued at about $207,000. Institutional investors and hedge funds own 58.88% of the company’s stock.

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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