Cal-Maine Foods, Inc. (NASDAQ:CALM) has received an average recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $37.90.
A number of analysts recently weighed in on the stock. BidaskClub raised shares of Cal-Maine Foods from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Goldman Sachs Group, Inc. (The) cut shares of Cal-Maine Foods from a “neutral” rating to a “sell” rating and set a $31.00 price objective on the stock. in a report on Friday, June 16th. Finally, Stephens raised shares of Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $35.00 to $50.00 in a report on Tuesday, October 3rd.
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Several hedge funds have recently added to or reduced their stakes in CALM. Legal & General Group Plc increased its stake in Cal-Maine Foods by 8.8% during the 2nd quarter. Legal & General Group Plc now owns 57,945 shares of the basic materials company’s stock valued at $2,293,000 after buying an additional 4,683 shares during the period. TD Asset Management Inc. increased its stake in Cal-Maine Foods by 40.8% during the 2nd quarter. TD Asset Management Inc. now owns 52,412 shares of the basic materials company’s stock valued at $2,076,000 after buying an additional 15,200 shares during the period. Goldman Sachs Group Inc. increased its stake in Cal-Maine Foods by 106.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 295,548 shares of the basic materials company’s stock valued at $10,877,000 after buying an additional 152,191 shares during the period. Teachers Advisors LLC increased its stake in Cal-Maine Foods by 3.6% during the 1st quarter. Teachers Advisors LLC now owns 52,300 shares of the basic materials company’s stock valued at $1,925,000 after buying an additional 1,808 shares during the period. Finally, Bank of Montreal Can acquired a new position in Cal-Maine Foods during the 2nd quarter valued at about $385,000. 61.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of Cal-Maine Foods (CALM) traded down 2.53% during mid-day trading on Friday, hitting $42.35. 412,166 shares of the stock traded hands. The firm’s 50 day moving average price is $38.63 and its 200-day moving average price is $37.99. The stock’s market cap is $2.06 billion. Cal-Maine Foods has a 12-month low of $33.40 and a 12-month high of $46.15.
Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Monday, October 2nd. The basic materials company reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.18). Cal-Maine Foods had a negative return on equity of 6.97% and a negative net margin of 5.41%. The firm had revenue of $262.80 million during the quarter, compared to analyst estimates of $265.50 million. During the same period last year, the business earned ($0.64) EPS. The firm’s revenue was up 9.6% on a year-over-year basis. Analysts predict that Cal-Maine Foods will post $0.63 earnings per share for the current year.
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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