Cal-Maine Foods Inc. (NASDAQ:CALM) – Investment analysts at BB&T Corp. raised their Q1 2017 EPS estimates for Cal-Maine Foods in a report issued on Monday. BB&T Corp. analyst B. Hundley now anticipates that the brokerage will post earnings of $0.08 per share for the quarter, up from their previous forecast of ($0.20). BB&T Corp. has a “Hold” rating on the stock.
Several other equities analysts have also recently issued reports on the stock. DA Davidson cut shares of Cal-Maine Foods from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 29th. Vetr lowered shares of Cal-Maine Foods from a “strong-buy” rating to a “buy” rating and set a $45.66 price target for the company. in a research report on Monday. Zacks Investment Research lowered shares of Cal-Maine Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, May 16th. Finally, Sidoti lowered shares of Cal-Maine Foods from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $55.73.
Shares of Cal-Maine Foods (NASDAQ:CALM) traded down 0.354% during midday trading on Wednesday, reaching $40.825. 391,291 shares of the company’s stock traded hands. Cal-Maine Foods has a one year low of $39.60 and a one year high of $63.25. The stock’s 50-day moving average price is $42.65 and its 200 day moving average price is $47.97. The firm has a market capitalization of $1.98 billion and a PE ratio of 6.252.
An institutional investor recently raised its position in Cal-Maine Foods stock. State Board of Administration of Florida Retirement System boosted its stake in Cal-Maine Foods Inc. (NASDAQ:CALM) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,792 shares of the company’s stock after buying an additional 458 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.06% of Cal-Maine Foods worth $1,334,000 as of its most recent filing with the SEC.
In related news, CEO Adolphus B. Baker sold 100,000 shares of the stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $51.95, for a total value of $5,195,000.00. Following the completion of the sale, the chief executive officer now directly owns 307,344 shares of the company’s stock, valued at approximately $15,966,520.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company’s primary business is the production, grading, packaging, marketing and distribution of shell eggs. The Company sells its shell eggs in the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States.
