Shares of Cal-Maine Foods Inc (NASDAQ:CALM) have received an average recommendation of “Hold” from the six research firms that are currently covering the company. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $37.83.

Several research analysts have issued reports on the stock. Goldman Sachs Group Inc dropped their target price on shares of Cal-Maine Foods from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, March 27th. Zacks Investment Research upgraded shares of Cal-Maine Foods from a “strong sell” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, February 7th. DA Davidson restated a “buy” rating and issued a $35.00 price target (down from $37.00) on shares of Cal-Maine Foods in a report on Wednesday, March 22nd. Finally, Vetr cut shares of Cal-Maine Foods from a “hold” rating to a “sell” rating and set a $43.50 price target on the stock. in a report on Monday, December 26th.

Shares of Cal-Maine Foods (NASDAQ:CALM) traded up 1.41% during midday trading on Monday, reaching $39.55. 361,787 shares of the company’s stock traded hands. The firm’s market cap is $1.92 billion. Cal-Maine Foods has a 12 month low of $35.10 and a 12 month high of $53.06. The stock has a 50-day moving average price of $37.91 and a 200 day moving average price of $39.72.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Monday, March 27th. The basic materials company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.07. Cal-Maine Foods had a return on equity of 1.10% and a net margin of 0.79%. The company earned $306.50 million during the quarter, compared to the consensus estimate of $331.87 million. During the same quarter in the previous year, the company posted $1.33 earnings per share. The company’s revenue for the quarter was down 31.9% on a year-over-year basis. Equities research analysts predict that Cal-Maine Foods will post ($0.96) earnings per share for the current year.

In other Cal-Maine Foods news, Director James E. Poole sold 2,200 shares of the firm’s stock in a transaction that occurred on Thursday, January 26th. The shares were sold at an average price of $42.33, for a total transaction of $93,126.00. Following the completion of the transaction, the director now directly owns 6,265 shares of the company’s stock, valued at approximately $265,197.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 33.34% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in Cal-Maine Foods by 8.2% in the second quarter. Royal Bank of Canada now owns 117,560 shares of the basic materials company’s stock valued at $5,211,000 after buying an additional 8,915 shares during the period. Naples Global Advisors LLC boosted its stake in Cal-Maine Foods by 5.4% in the third quarter. Naples Global Advisors LLC now owns 27,795 shares of the basic materials company’s stock worth $1,071,000 after buying an additional 1,430 shares in the last quarter. Baltimore Washington Financial Advisors Inc. boosted its stake in Cal-Maine Foods by 2.7% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 118,687 shares of the basic materials company’s stock worth $4,574,000 after buying an additional 3,080 shares in the last quarter. Capstone Asset Management Co. boosted its stake in Cal-Maine Foods by 875.3% in the third quarter. Capstone Asset Management Co. now owns 123,136 shares of the basic materials company’s stock worth $4,746,000 after buying an additional 110,510 shares in the last quarter. Finally, MSI Financial Services Inc boosted its stake in shares of Cal-Maine Foods by 73.5% in the third quarter. MSI Financial Services Inc now owns 5,125 shares of the basic materials company’s stock valued at $198,000 after buying an additional 2,171 shares during the period. 56.52% of the stock is owned by hedge funds and other institutional investors.

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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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