Cal-Maine Foods, Inc. (NASDAQ:CALM) Receives Consensus Rating of “Hold” from Analysts

Cal-Maine Foods, Inc. (NASDAQ:CALM) has earned an average rating of “Hold” from the five analysts that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $94.7143.

A number of brokerages have issued reports on CALM. Wall Street Zen downgraded Cal-Maine Foods from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Weiss Ratings cut Cal-Maine Foods from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. Royal Bank Of Canada set a $100.00 price target on Cal-Maine Foods in a report on Tuesday, May 26th. BMO Capital Markets increased their price target on Cal-Maine Foods from $75.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday, July 23rd. Finally, Benchmark reissued a “buy” rating on shares of Cal-Maine Foods in a report on Monday, July 13th.

Cal-Maine Foods Stock Performance

NASDAQ CALM opened at $81.09 on Friday. The firm has a market capitalization of $3.80 billion, a P/E ratio of 12.38 and a beta of 0.25. The stock has a 50-day simple moving average of $83.45 and a two-hundred day simple moving average of $81.41. Cal-Maine Foods has a fifty-two week low of $71.92 and a fifty-two week high of $117.45.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Wednesday, July 22nd. The basic materials company reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.84). The company had revenue of $552.58 million during the quarter, compared to analysts’ expectations of $563.83 million. Cal-Maine Foods had a return on equity of 11.79% and a net margin of 10.88%.The firm’s quarterly revenue was down 49.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.04 EPS.

Institutional Trading of Cal-Maine Foods

Several institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC boosted its holdings in Cal-Maine Foods by 12.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,022 shares of the basic materials company’s stock worth $101,000 after buying an additional 116 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of Cal-Maine Foods by 1.8% during the fourth quarter. MML Investors Services LLC now owns 7,428 shares of the basic materials company’s stock valued at $591,000 after acquiring an additional 131 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of Cal-Maine Foods by 0.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 23,884 shares of the basic materials company’s stock valued at $1,900,000 after acquiring an additional 131 shares during the last quarter. CoreCap Advisors LLC lifted its position in shares of Cal-Maine Foods by 13.5% in the second quarter. CoreCap Advisors LLC now owns 1,153 shares of the basic materials company’s stock valued at $93,000 after acquiring an additional 137 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Cal-Maine Foods by 58.2% in the third quarter. IFP Advisors Inc now owns 378 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 139 shares in the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

About Cal-Maine Foods

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. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.