Cal-Maine Foods, Inc. (NASDAQ:CALM) Receives Consensus Rating of “Hold” from Analysts

Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) have been assigned a consensus rating of “Hold” from the five analysts that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $94.1667.

Several research analysts have weighed in on the company. Stephens lifted their target price on Cal-Maine Foods from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 18th. Royal Bank Of Canada set a $100.00 target price on Cal-Maine Foods in a research report on Tuesday, May 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of Cal-Maine Foods in a report on Friday, March 27th. BMO Capital Markets dropped their target price on Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating for the company in a research note on Wednesday, March 25th. Finally, Benchmark reissued a “buy” rating on shares of Cal-Maine Foods in a research report on Tuesday, May 26th.

Cal-Maine Foods Stock Performance

Shares of NASDAQ CALM opened at $74.72 on Monday. Cal-Maine Foods has a fifty-two week low of $71.92 and a fifty-two week high of $126.40. The firm has a market capitalization of $3.54 billion, a PE ratio of 5.21 and a beta of 0.26. The stock’s 50-day simple moving average is $77.28 and its 200-day simple moving average is $81.44.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Wednesday, April 1st. The basic materials company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.89 by $0.17. The company had revenue of $666.95 million for the quarter, compared to analyst estimates of $655.82 million. Cal-Maine Foods had a return on equity of 26.05% and a net margin of 20.07%.The firm’s revenue was down 53.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $10.39 earnings per share.

Cal-Maine Foods Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Wednesday, April 29th were issued a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, April 29th. This represents a $1.44 dividend on an annualized basis and a yield of 1.9%. Cal-Maine Foods’s dividend payout ratio is currently 9.97%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its holdings in Cal-Maine Foods by 12.8% in the second quarter. Smartleaf Asset Management LLC now owns 1,022 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 116 shares during the last quarter. Xponance Inc. boosted its holdings in Cal-Maine Foods by 3.4% in the third quarter. Xponance Inc. now owns 3,694 shares of the basic materials company’s stock valued at $348,000 after purchasing an additional 123 shares during the last quarter. MML Investors Services LLC boosted its holdings in Cal-Maine Foods by 1.8% in the fourth quarter. MML Investors Services LLC now owns 7,428 shares of the basic materials company’s stock valued at $591,000 after purchasing an additional 131 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Cal-Maine Foods by 0.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 23,884 shares of the basic materials company’s stock valued at $1,900,000 after purchasing an additional 131 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in Cal-Maine Foods by 58.2% in the third quarter. IFP Advisors Inc now owns 378 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Company Profile

Cal-Maine Foods, Inc, together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.