Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) have earned an average recommendation of “Hold” from the eight research firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $40.08.
Several brokerages recently issued reports on CALM. Zacks Investment Research upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Friday, November 17th. Stephens upgraded Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $35.00 to $50.00 in a research report on Tuesday, October 3rd. Finally, BidaskClub upgraded Cal-Maine Foods from a “sell” rating to a “hold” rating in a research report on Monday, July 31st.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its stake in Cal-Maine Foods by 0.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 12,652 shares of the basic materials company’s stock valued at $502,000 after acquiring an additional 118 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of Cal-Maine Foods by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 21,734 shares of the basic materials company’s stock worth $861,000 after purchasing an additional 205 shares in the last quarter. First Personal Financial Services raised its stake in shares of Cal-Maine Foods by 3.3% during the 2nd quarter. First Personal Financial Services now owns 7,776 shares of the basic materials company’s stock worth $308,000 after purchasing an additional 245 shares in the last quarter. IMS Capital Management raised its stake in shares of Cal-Maine Foods by 3.0% during the 2nd quarter. IMS Capital Management now owns 8,655 shares of the basic materials company’s stock worth $343,000 after purchasing an additional 250 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of Cal-Maine Foods by 4.2% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,020 shares of the basic materials company’s stock worth $278,000 after purchasing an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 60.63% of the company’s stock.
Shares of Cal-Maine Foods (NASDAQ CALM) traded up $0.15 on Monday, hitting $47.30. The company had a trading volume of 55,270 shares, compared to its average volume of 357,794. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.67 and a quick ratio of 4.14. Cal-Maine Foods has a 1-year low of $33.40 and a 1-year high of $48.00.
Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Monday, October 2nd. The basic materials company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $265.50 million. During the same quarter in the prior year, the firm posted ($0.64) earnings per share. Cal-Maine Foods’s revenue for the quarter was up 9.6% compared to the same quarter last year. equities analysts forecast that Cal-Maine Foods will post 0.9 EPS for the current year.
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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.
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