Analysts Set Cal-Maine Foods, Inc. (NASDAQ:CALM) PT at $93.00

Cal-Maine Foods, Inc. (NASDAQ:CALM) has received an average rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $93.00.

Several research firms recently weighed in on CALM. Weiss Ratings restated a “hold (c+)” rating on shares of Cal-Maine Foods in a research report on Friday, March 27th. Benchmark restated a “buy” rating on shares of Cal-Maine Foods in a research report on Tuesday, March 3rd. BMO Capital Markets decreased their price objective on shares of Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 25th. Finally, Stephens upped their price objective on shares of Cal-Maine Foods from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 18th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Pinnacle Holdings LLC bought a new position in Cal-Maine Foods during the fourth quarter valued at approximately $30,000. Sound Income Strategies LLC bought a new position in Cal-Maine Foods during the third quarter valued at approximately $32,000. WealthCollab LLC grew its position in Cal-Maine Foods by 105.2% during the fourth quarter. WealthCollab LLC now owns 431 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 221 shares during the last quarter. IFP Advisors Inc grew its position in Cal-Maine Foods by 58.2% during the third quarter. IFP Advisors Inc now owns 378 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 139 shares during the last quarter. Finally, Signaturefd LLC grew its position in Cal-Maine Foods by 46.5% during the fourth quarter. Signaturefd LLC now owns 488 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 155 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Trading Down 2.2%

CALM stock opened at $77.24 on Friday. The company’s 50 day moving average is $83.34 and its 200 day moving average is $85.31. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 5.38 and a beta of 0.32. Cal-Maine Foods has a 1-year low of $71.92 and a 1-year high of $126.40.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Wednesday, April 1st. The basic materials company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.17. The company had revenue of $666.95 million for the quarter, compared to analysts’ expectations of $655.82 million. Cal-Maine Foods had a net margin of 20.07% and a return on equity of 26.05%. Cal-Maine Foods’s revenue for the quarter was down 53.0% compared to the same quarter last year. During the same period in the prior year, the business earned $10.39 earnings per share. As a group, sell-side analysts forecast that Cal-Maine Foods will post 15.59 EPS for the current fiscal year.

Cal-Maine Foods Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, April 29th. Cal-Maine Foods’s dividend payout ratio (DPR) is presently 20.14%.

Cal-Maine Foods Company Profile

Cal-Maine Foods, Inc, together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.