A number of other analysts also recently issued reports on the company. Stephens raised Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $45.00 to $47.00 in a report on Tuesday, March 17th. Cleveland Research raised Cal-Maine Foods from an “underperform” rating to a “neutral” rating in a report on Monday, January 6th. Zacks Investment Research downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, ValuEngine downgraded Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 24th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Cal-Maine Foods presently has an average rating of “Hold” and an average target price of $45.00.
Shares of NASDAQ CALM opened at $40.22 on Friday. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of -54.35 and a beta of 0.34. The business has a 50-day moving average of $37.16 and a two-hundred day moving average of $40.31. Cal-Maine Foods has a 1 year low of $30.74 and a 1 year high of $47.00.
Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings results on Monday, January 6th. The basic materials company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.24). The business had revenue of $311.50 million for the quarter, compared to analysts’ expectations of $327.90 million. Cal-Maine Foods had a negative return on equity of 3.40% and a negative net margin of 2.94%. The firm’s quarterly revenue was down 12.5% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. Equities analysts anticipate that Cal-Maine Foods will post -0.08 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Cal-Maine Foods in the 4th quarter valued at about $29,000. Signaturefd LLC purchased a new stake in shares of Cal-Maine Foods in the 4th quarter valued at about $31,000. Fieldpoint Private Securities LLC lifted its holdings in shares of Cal-Maine Foods by 76.6% in the 4th quarter. Fieldpoint Private Securities LLC now owns 1,443 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 626 shares during the last quarter. Point72 Hong Kong Ltd lifted its holdings in shares of Cal-Maine Foods by 443.9% in the 4th quarter. Point72 Hong Kong Ltd now owns 1,735 shares of the basic materials company’s stock valued at $74,000 after purchasing an additional 1,416 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Cal-Maine Foods by 28.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,923 shares of the basic materials company’s stock valued at $82,000 after purchasing an additional 424 shares during the last quarter. 66.21% of the stock is owned by institutional investors and hedge funds.
About Cal-Maine Foods
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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