Research Analysts’ Weekly Ratings Updates for Cal-Maine Foods (CALM)

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Several analysts have recently updated their ratings and price targets for Cal-Maine Foods (NASDAQ: CALM):

  • 10/13/2018 – Cal-Maine Foods was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/12/2018 – Cal-Maine Foods was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/2/2018 – Cal-Maine Foods was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/1/2018 – Cal-Maine Foods was downgraded by analysts at Stephens from an “overweight” rating to an “equal weight” rating.
  • 9/28/2018 – Cal-Maine Foods was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/12/2018 – Cal-Maine Foods was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/29/2018 – Cal-Maine Foods was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

CALM opened at $47.05 on Friday. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 16.57 and a beta of 0.49. Cal-Maine Foods Inc has a one year low of $39.50 and a one year high of $52.30.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Monday, October 1st. The basic materials company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.23). The business had revenue of $340.60 million for the quarter, compared to the consensus estimate of $346.76 million. Cal-Maine Foods had a net margin of 9.76% and a return on equity of 18.99%. The company’s revenue for the quarter was up 29.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.33) EPS. On average, equities research analysts forecast that Cal-Maine Foods Inc will post 3.35 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, October 30th. Cal-Maine Foods’s payout ratio is 49.30%.

In other news, CFO Max P. Bowman bought 2,000 shares of the firm’s stock in a transaction dated Thursday, October 11th. The stock was purchased at an average price of $45.51 per share, with a total value of $91,020.00. Following the transaction, the chief financial officer now owns 2,000 shares of the company’s stock, valued at $91,020. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Jean Morris Adams sold 40,149 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $44.95, for a total value of $1,804,697.55. Following the completion of the transaction, the insider now directly owns 1,074,895 shares of the company’s stock, valued at approximately $48,316,530.25. The disclosure for this sale can be found here. Insiders have sold a total of 225,000 shares of company stock valued at $10,027,482 in the last ninety days. 33.03% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in CALM. NEXT Financial Group Inc bought a new position in shares of Cal-Maine Foods in the 3rd quarter worth approximately $133,000. NumerixS Investment Technologies Inc bought a new position in shares of Cal-Maine Foods in the 2nd quarter worth approximately $190,000. United Services Automobile Association bought a new position in shares of Cal-Maine Foods in the 2nd quarter worth approximately $208,000. Amalgamated Bank bought a new position in shares of Cal-Maine Foods in the 2nd quarter worth approximately $219,000. Finally, Callahan Advisors LLC bought a new position in shares of Cal-Maine Foods in the 2nd quarter worth approximately $231,000. 59.31% of the stock is owned by hedge funds and other institutional investors.

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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