Cal-Maine Foods (NASDAQ:CALM) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.
A number of other research analysts have also recently issued reports on the company. 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 note on Friday, November 17th. Stephens upgraded Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $35.00 to $50.00 in a research note on Tuesday, October 3rd. Four equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $40.08.
Shares of Cal-Maine Foods (CALM) opened at $46.45 on Friday. 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 has a 1 year low of $33.40 and a 1 year high of $50.40.
Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Monday, October 2nd. The basic materials company reported ($0.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.18). The company had revenue of $262.80 million for the quarter, compared to analysts’ expectations of $265.50 million. Cal-Maine Foods had a negative net margin of 5.41% and a negative return on equity of 6.97%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.64) EPS. equities analysts predict that Cal-Maine Foods will post 0.9 earnings per share for the current year.
A number of large investors have recently made changes to their positions in CALM. Public Employees Retirement System of Ohio raised its stake 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 valued at $125,000 after buying an additional 590 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Cal-Maine Foods in the third quarter worth $127,000. PNC Financial Services Group Inc. raised its stake in shares of Cal-Maine Foods by 48.1% in the second quarter. PNC Financial Services Group Inc. now owns 3,423 shares of the basic materials company’s stock worth $135,000 after purchasing an additional 1,111 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Cal-Maine Foods by 138.3% in the second quarter. Bessemer Group Inc. now owns 3,649 shares of the basic materials company’s stock worth $145,000 after purchasing an additional 2,118 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Cal-Maine Foods by 42.4% in the third quarter. Sei Investments Co. now owns 3,882 shares of the basic materials company’s stock worth $160,000 after purchasing an additional 1,156 shares during the last quarter. Institutional investors and hedge funds own 66.30% of the company’s stock.
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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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