Other research analysts also recently issued reports about the stock. ValuEngine downgraded shares of Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 24th. Stephens set a $45.00 price objective on shares of Cal-Maine Foods and gave the stock a “hold” rating in a report on Monday, September 23rd. Zacks Investment Research downgraded shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a report on Monday, December 23rd. Finally, Cleveland Research raised shares of Cal-Maine Foods from an “underperform” rating to a “neutral” rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Cal-Maine Foods presently has an average rating of “Hold” and a consensus target price of $43.50.
Shares of CALM opened at $38.26 on Friday. The stock has a market capitalization of $1.85 billion, a P/E ratio of 32.98 and a beta of 0.41. The firm’s fifty day simple moving average is $42.68 and its two-hundred day simple moving average is $41.56. Cal-Maine Foods has a 12 month low of $36.65 and a 12 month high of $47.00.
Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Monday, January 6th. The basic materials company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.24). Cal-Maine Foods had a negative net margin of 2.94% and a negative return on equity of 3.40%. The company had revenue of $311.50 million for the quarter, compared to analyst estimates of $327.90 million. During the same quarter in the prior year, the company posted $0.49 EPS. Cal-Maine Foods’s revenue for the quarter was down 12.5% on a year-over-year basis. As a group, research analysts forecast that Cal-Maine Foods will post 0.18 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CALM. Cullen Frost Bankers Inc. bought a new position in Cal-Maine Foods in the 3rd quarter worth approximately $130,000. Amundi Pioneer Asset Management Inc. purchased a new stake in Cal-Maine Foods in the 1st quarter worth approximately $161,000. Bank of Montreal Can lifted its stake in Cal-Maine Foods by 109.0% in the 2nd quarter. Bank of Montreal Can now owns 4,349 shares of the basic materials company’s stock worth $181,000 after purchasing an additional 2,268 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Cal-Maine Foods in the 3rd quarter worth approximately $228,000. Finally, Fox Run Management L.L.C. purchased a new stake in Cal-Maine Foods in the 3rd quarter worth approximately $279,000. 67.04% of the stock is owned by institutional investors.
Cal-Maine Foods Company Profile
Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.
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