BidaskClub upgraded shares of Cal-Maine Foods (NASDAQ:CALM) from a sell rating to a hold rating in a report released on Thursday morning.

A number of other equities research analysts have also commented on the company. Zacks Investment Research upgraded 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. Stephens upgraded Cal-Maine Foods from an equal weight rating to an overweight rating and lifted their price target for the company from $35.00 to $50.00 in a report on Tuesday, October 3rd. Finally, Cleveland Research upgraded Cal-Maine Foods from a sell rating to a neutral rating in a report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Cal-Maine Foods presently has a consensus rating of Hold and a consensus target price of $39.00.

Shares of Cal-Maine Foods (NASDAQ CALM) traded down $1.25 during midday trading on Thursday, reaching $44.20. The company’s stock had a trading volume of 492,500 shares, compared to its average volume of 590,633. Cal-Maine Foods has a 12-month low of $33.40 and a 12-month high of $50.40. The firm has a market cap of $2,146.97, a price-to-earnings ratio of -34.26 and a beta of 0.76. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.78 and a quick ratio of 1.85.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Friday, January 5th. The basic materials company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.15). Cal-Maine Foods had a negative return on equity of 1.15% and a negative net margin of 5.18%. The business had revenue of $361.20 million for the quarter, compared to analyst estimates of $370.85 million. During the same quarter in the previous year, the business posted ($0.48) earnings per share. The company’s revenue was up 42.5% compared to the same quarter last year. equities research analysts forecast that Cal-Maine Foods will post 1 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in CALM. Public Employees Retirement System of Ohio lifted its holdings in shares of Cal-Maine Foods by 22.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,161 shares of the basic materials company’s stock valued at $125,000 after buying an additional 590 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Cal-Maine Foods during the 3rd quarter valued at about $127,000. PNC Financial Services Group Inc. lifted its holdings in shares of Cal-Maine Foods by 48.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,423 shares of the basic materials company’s stock valued at $135,000 after buying an additional 1,111 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Cal-Maine Foods by 42.4% during the 3rd quarter. Sei Investments Co. now owns 3,882 shares of the basic materials company’s stock valued at $160,000 after buying an additional 1,156 shares during the last quarter. Finally, Aviance Capital Management LLC acquired a new stake in shares of Cal-Maine Foods during the 2nd quarter valued at about $191,000. Institutional investors and hedge funds own 62.97% of the company’s stock.

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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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