Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) have been assigned an average recommendation of “Hold” from the eight brokerages that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $40.08.
CALM has been the subject of a number of research analyst reports. 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 research report on Tuesday, October 3rd. BidaskClub raised shares of Cal-Maine Foods from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Friday, November 17th.
Cal-Maine Foods (NASDAQ:CALM) traded up $0.15 during trading on Monday, hitting $47.30. 55,270 shares of the stock traded hands, compared to its average volume of 357,794. Cal-Maine Foods has a twelve month low of $33.40 and a twelve month high of $48.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.67 and a quick ratio of 4.14.
Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Monday, October 2nd. The basic materials company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.18). Cal-Maine Foods had a negative net margin of 5.41% and a negative return on equity of 6.97%. The firm had revenue of $262.80 million during the quarter, compared to analysts’ expectations of $265.50 million. During the same period last year, the company earned ($0.64) EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. equities analysts forecast that Cal-Maine Foods will post 0.9 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Cal-Maine Foods by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 2,682,585 shares of the basic materials company’s stock worth $98,720,000 after purchasing an additional 127,576 shares during the period. Janus Henderson Group PLC lifted its holdings in Cal-Maine Foods by 19.4% during the 3rd quarter. Janus Henderson Group PLC now owns 2,361,375 shares of the basic materials company’s stock worth $97,053,000 after buying an additional 383,193 shares in the last quarter. Aberdeen Asset Management PLC UK lifted its holdings in Cal-Maine Foods by 6.2% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,610,763 shares of the basic materials company’s stock worth $63,786,000 after buying an additional 93,704 shares in the last quarter. Royce & Associates LP lifted its holdings in Cal-Maine Foods by 18.3% during the 3rd quarter. Royce & Associates LP now owns 1,099,910 shares of the basic materials company’s stock worth $45,206,000 after buying an additional 170,304 shares in the last quarter. Finally, State Street Corp lifted its holdings in Cal-Maine Foods by 4.2% during the 2nd quarter. State Street Corp now owns 757,120 shares of the basic materials company’s stock worth $29,984,000 after buying an additional 30,863 shares in the last quarter. 60.63% of the stock is owned by hedge funds and other institutional investors.
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About Cal-Maine Foods
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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