Cal-Maine Foods, Inc. (NASDAQ:CALM) was upgraded by stock analysts at Stephens from an “equal weight” rating to an “overweight” rating in a note issued to investors on Tuesday.

A number of other analysts have also recently issued reports on CALM. BidaskClub raised shares of Cal-Maine Foods from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Goldman Sachs Group, Inc. (The) downgraded shares of Cal-Maine Foods from a “neutral” rating to a “sell” rating and set a $31.00 price objective on the stock. in a research report on Friday, June 16th. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $36.70.

Cal-Maine Foods (NASDAQ CALM) opened at 41.65 on Tuesday. Cal-Maine Foods has a 12-month low of $33.40 and a 12-month high of $46.15. The stock has a 50 day moving average of $37.80 and a 200 day moving average of $37.84. The company’s market cap is $2.02 billion.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Monday, October 2nd. The basic materials company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.18). Cal-Maine Foods had a negative return on equity of 8.57% and a negative net margin of 6.91%. The firm had revenue of $262.80 million for the quarter, compared to the consensus estimate of $265.50 million. During the same quarter in the previous year, the business posted ($0.64) EPS. Cal-Maine Foods’s revenue was up 9.6% on a year-over-year basis. Equities analysts expect that Cal-Maine Foods will post $0.43 earnings per share for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its stake in Cal-Maine Foods by 22.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,161 shares of the basic materials company’s stock worth $125,000 after purchasing an additional 590 shares during the period. PNC Financial Services Group Inc. grew its holdings in 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 in the last quarter. Bessemer Group Inc. grew its holdings in Cal-Maine Foods by 138.3% during the 2nd quarter. Bessemer Group Inc. now owns 3,649 shares of the basic materials company’s stock valued at $145,000 after buying an additional 2,118 shares in the last quarter. Carroll Financial Associates Inc. bought a new stake in shares of Cal-Maine Foods during the second quarter valued at approximately $162,000. Finally, FNY Managed Accounts LLC bought a new stake in shares of Cal-Maine Foods during the first quarter valued at approximately $187,000. 61.69% of the stock is currently owned by institutional investors.

About Cal-Maine Foods

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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