Cal-Maine Foods (NASDAQ:CALM) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

CALM has been the subject of a number of other research reports. Zacks Investment Research raised Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Friday, November 17th. Stephens raised Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $35.00 to $50.00 in a research note on Tuesday, October 3rd. Four equities research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. Cal-Maine Foods currently has a consensus rating of “Hold” and a consensus price target of $40.08.

Shares of Cal-Maine Foods (CALM) opened at $46.45 on Friday. 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 has a one year low of $33.40 and a one year high of $50.40.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Monday, October 2nd. The basic materials company reported ($0.33) EPS for the quarter, missing the Zacks’ 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 analyst estimates of $265.50 million. During the same period last year, the business posted ($0.64) EPS. The company’s revenue was up 9.6% on a year-over-year basis. equities research analysts predict that Cal-Maine Foods will post 0.9 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its holdings in shares of Cal-Maine Foods by 22.9% in the second quarter. Public Employees Retirement System of Ohio now owns 3,161 shares of the basic materials company’s stock valued at $125,000 after purchasing an additional 590 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Cal-Maine Foods in the third quarter valued at approximately $127,000. PNC Financial Services Group Inc. lifted its holdings in shares of Cal-Maine Foods by 48.1% in the second quarter. PNC Financial Services Group Inc. now owns 3,423 shares of the basic materials company’s stock valued at $135,000 after purchasing an additional 1,111 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Cal-Maine Foods by 138.3% in the second quarter. Bessemer Group Inc. now owns 3,649 shares of the basic materials company’s stock valued at $145,000 after purchasing an additional 2,118 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Cal-Maine Foods by 42.4% in the third quarter. Sei Investments Co. now owns 3,882 shares of the basic materials company’s stock valued at $160,000 after purchasing an additional 1,156 shares in the last quarter. 66.30% of the stock is owned by hedge funds and other institutional investors.

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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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