Cal-Maine Foods’ (CALM) Equal Weight Rating Reiterated at Stephens

Cal-Maine Foods (NASDAQ:CALM)‘s stock had its “equal weight” rating restated by Stephens in a research note issued on Thursday,Benzinga reports. They presently have a $97.00 price objective on the basic materials company’s stock. Stephens’ price objective would indicate a potential upside of 17.60% from the company’s previous close.

Separately, StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

Cal-Maine Foods Trading Down 2.0 %

Shares of CALM opened at $82.48 on Thursday. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 6.40 and a beta of -0.12. The stock has a 50 day moving average of $103.39 and a 200-day moving average of $92.38. Cal-Maine Foods has a 52 week low of $55.00 and a 52 week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, topping the consensus estimate of $4.05 by $0.42. The company had revenue of $954.70 million during the quarter, compared to analyst estimates of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The business’s revenue was up 82.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. On average, sell-side analysts predict that Cal-Maine Foods will post 15.59 earnings per share for the current fiscal year.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total transaction of $88,965.73. Following the sale, the director now owns 42,761 shares of the company’s stock, valued at $4,702,427.17. The trade was a 1.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 13.45% of the company’s stock.

Institutional Trading of Cal-Maine Foods

Several hedge funds have recently added to or reduced their stakes in the business. Savant Capital LLC raised its stake in Cal-Maine Foods by 2.5% during the 4th quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company’s stock valued at $391,000 after acquiring an additional 92 shares in the last quarter. Evergreen Capital Management LLC raised its stake in shares of Cal-Maine Foods by 1.7% in the 4th quarter. Evergreen Capital Management LLC now owns 5,755 shares of the basic materials company’s stock worth $592,000 after buying an additional 97 shares in the last quarter. Two Sigma Securities LLC raised its stake in shares of Cal-Maine Foods by 2.8% in the 4th quarter. Two Sigma Securities LLC now owns 3,894 shares of the basic materials company’s stock worth $401,000 after buying an additional 106 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Cal-Maine Foods by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,290 shares of the basic materials company’s stock worth $442,000 after buying an additional 136 shares in the last quarter. Finally, Martingale Asset Management L P raised its stake in shares of Cal-Maine Foods by 0.4% in the 3rd quarter. Martingale Asset Management L P now owns 39,321 shares of the basic materials company’s stock worth $2,943,000 after buying an additional 145 shares in the last quarter. Institutional investors own 84.67% of the company’s stock.

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.