Cleveland Research upgraded shares of Cal-Maine Foods (NASDAQ:CALM) from a sell rating to a neutral rating in a report issued on Friday morning, MarketBeat reports.

A number of other research firms have also recently weighed in on CALM. BidaskClub cut Cal-Maine Foods from a strong-buy rating to a buy rating in a report on Saturday, December 9th. Zacks Investment Research raised Cal-Maine Foods from a hold rating to a buy rating and set a $51.00 target price for the company in a research note on Friday, November 17th. Finally, Stephens raised Cal-Maine Foods from an equal weight rating to an overweight rating and lifted their target price for the company from $35.00 to $50.00 in a research note on Tuesday, October 3rd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $39.75.

Shares of Cal-Maine Foods (NASDAQ CALM) opened at $43.90 on Friday. Cal-Maine Foods has a twelve month low of $33.40 and a twelve month high of $50.40. The firm has a market capitalization of $2,130.00, a price-to-earnings ratio of -35.69 and a beta of 0.77. The company has a current ratio of 6.67, a quick ratio of 4.14 and a debt-to-equity ratio of 0.01.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Monday, October 2nd. The basic materials company reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.18). Cal-Maine Foods had a negative net margin of 5.41% and a negative return on equity of 6.97%. The business had revenue of $262.80 million for the quarter, compared to analyst estimates of $265.50 million. During the same period in the prior year, the business earned ($0.64) earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. equities analysts anticipate that Cal-Maine Foods will post 0.9 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Cal-Maine Foods during the third quarter worth $127,000. Public Employees Retirement System of Ohio lifted its holdings in Cal-Maine Foods by 22.9% during the second quarter. Public Employees Retirement System of Ohio now owns 3,161 shares of the basic materials company’s stock worth $125,000 after acquiring an additional 590 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Cal-Maine Foods by 48.1% during the second quarter. PNC Financial Services Group Inc. now owns 3,423 shares of the basic materials company’s stock worth $135,000 after acquiring an additional 1,111 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Cal-Maine Foods by 138.3% during the second quarter. Bessemer Group Inc. now owns 3,649 shares of the basic materials company’s stock worth $145,000 after acquiring an additional 2,118 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in Cal-Maine Foods by 42.4% during the third quarter. Sei Investments Co. now owns 3,882 shares of the basic materials company’s stock worth $160,000 after acquiring an additional 1,156 shares in the last quarter. 62.97% of the stock is owned by institutional investors.

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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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