ValuEngine downgraded shares of Cal-Maine Foods (NASDAQ:CALM) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

A number of other research analysts also recently weighed in on CALM. BidaskClub raised shares of Cal-Maine Foods from a hold rating to a buy rating in a research report on Wednesday, September 12th. Stephens downgraded shares of Cal-Maine Foods from an overweight rating to an equal weight rating in a research report on Monday, October 1st. Vertical Group downgraded shares of Cal-Maine Foods from a hold rating to a sell rating in a research report on Thursday, December 6th. Finally, TheStreet downgraded shares of Cal-Maine Foods from a b- rating to a c+ rating in a research report on Friday, December 28th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Cal-Maine Foods presently has a consensus rating of Hold and a consensus target price of $54.50.

Shares of Cal-Maine Foods stock traded down $0.64 on Monday, reaching $41.30. 1,277 shares of the company traded hands, compared to its average volume of 341,509. Cal-Maine Foods has a 52 week low of $39.90 and a 52 week high of $52.30. The company has a market capitalization of $2.04 billion, a P/E ratio of 14.65 and a beta of 0.48.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Friday, January 4th. The basic materials company reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.04). Cal-Maine Foods had a net margin of 12.84% and a return on equity of 17.78%. The company had revenue of $356.00 million for the quarter, compared to the consensus estimate of $362.73 million. During the same period in the prior year, the company earned $0.55 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 14th. Investors of record on Wednesday, January 30th will be paid a dividend of $0.149 per share. This is a boost from Cal-Maine Foods’s previous quarterly dividend of $0.09. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Tuesday, January 29th. Cal-Maine Foods’s dividend payout ratio is presently 11.97%.

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in shares of Cal-Maine Foods by 116.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 359,099 shares of the basic materials company’s stock valued at $17,346,000 after buying an additional 192,912 shares in the last quarter. Federated Investors Inc. PA lifted its stake in shares of Cal-Maine Foods by 820.3% during the 2nd quarter. Federated Investors Inc. PA now owns 35,424 shares of the basic materials company’s stock valued at $1,625,000 after buying an additional 31,575 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Cal-Maine Foods during the 2nd quarter valued at approximately $2,719,000. GSA Capital Partners LLP lifted its stake in shares of Cal-Maine Foods by 113.5% during the 3rd quarter. GSA Capital Partners LLP now owns 25,099 shares of the basic materials company’s stock valued at $1,212,000 after buying an additional 13,345 shares in the last quarter. Finally, Verition Fund Management LLC lifted its stake in shares of Cal-Maine Foods by 51.9% during the 2nd quarter. Verition Fund Management LLC now owns 12,820 shares of the basic materials company’s stock valued at $588,000 after buying an additional 4,380 shares in the last quarter. Institutional investors own 63.05% of the company’s stock.

About Cal-Maine Foods

Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.

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