Cal-Maine Foods (NASDAQ:CALM) Stock Rating Lowered by Wall Street Zen

Cal-Maine Foods (NASDAQ:CALM) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Sunday.

A number of other equities analysts have also issued reports on CALM. BMO Capital Markets raised Cal-Maine Foods to a “hold” rating in a research report on Tuesday, May 6th. Stephens reaffirmed an “equal weight” rating and issued a $97.00 price target on shares of Cal-Maine Foods in a report on Wednesday, April 23rd.

Cal-Maine Foods Trading Up 1.0%

CALM opened at $96.91 on Friday. Cal-Maine Foods has a twelve month low of $57.43 and a twelve month high of $116.41. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 7.54 and a beta of 0.18. The company has a fifty day simple moving average of $93.98 and a 200 day simple moving average of $97.80.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 EPS for the quarter, topping the consensus estimate of $5.79 by $4.59. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $953.76 million. During the same quarter in the previous year, the firm posted $3.00 earnings per share. The company’s revenue was up 101.6% compared to the same quarter last year. On average, analysts forecast that Cal-Maine Foods will post 15.59 earnings per share for the current fiscal year.

Insider Activity at Cal-Maine Foods

In related news, insider Adolphus B. Baker sold 140,266 shares of the firm’s stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total transaction of $12,708,099.60. Following the transaction, the insider now directly owns 1,319,034 shares in the company, valued at $119,504,480.40. This trade represents a 9.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Vest Financial LLC grew its position in Cal-Maine Foods by 17.2% in the 4th quarter. Vest Financial LLC now owns 23,553 shares of the basic materials company’s stock worth $2,424,000 after purchasing an additional 3,449 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in Cal-Maine Foods by 1,061.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 32,924 shares of the basic materials company’s stock worth $3,330,000 after buying an additional 30,089 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Cal-Maine Foods by 339.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock valued at $105,000 after acquiring an additional 797 shares during the period. Sequoia Financial Advisors LLC bought a new stake in Cal-Maine Foods during the 4th quarter valued at $239,000. Finally, US Bancorp DE boosted its position in Cal-Maine Foods by 2.4% during the 4th quarter. US Bancorp DE now owns 6,710 shares of the basic materials company’s stock worth $691,000 after acquiring an additional 156 shares during the period. 84.67% of the stock is currently owned by institutional investors.

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.