Cal-Maine Foods (NASDAQ:CALM) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.
A number of other analysts have also recently issued reports on the company. Cleveland Research raised Cal-Maine Foods from a “sell” rating to a “neutral” rating in a research report on Saturday, December 30th. Zacks Investment Research cut Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd. Finally, Stephens raised Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $35.00 to $50.00 in a research report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.00.
Cal-Maine Foods (CALM) traded up $1.70 on Thursday, reaching $45.45. The company had a trading volume of 507,100 shares, compared to its average volume of 404,685. The firm has a market capitalization of $2,210.00, a PE ratio of -35.23 and a beta of 0.76. Cal-Maine Foods has a 52-week low of $33.40 and a 52-week high of $50.40. The company has a current ratio of 2.78, a quick ratio of 1.85 and a debt-to-equity ratio of 0.01.
Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Friday, January 5th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.15). The firm had revenue of $361.20 million for the quarter, compared to analyst estimates of $370.85 million. Cal-Maine Foods had a negative net margin of 5.18% and a negative return on equity of 1.15%. Cal-Maine Foods’s revenue for the quarter was up 42.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.48) EPS. research analysts forecast that Cal-Maine Foods will post 1 earnings per share for the current year.
Several large investors have recently made changes to their positions in CALM. Schwab Charles Investment Management Inc. lifted its position in shares of Cal-Maine Foods by 22.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 226,366 shares of the basic materials company’s stock worth $8,965,000 after buying an additional 42,128 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Cal-Maine Foods by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 389,780 shares of the basic materials company’s stock worth $15,435,000 after buying an additional 9,481 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Cal-Maine Foods by 8.8% in the second quarter. Legal & General Group Plc now owns 57,945 shares of the basic materials company’s stock worth $2,293,000 after buying an additional 4,683 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Cal-Maine Foods by 19.1% in the second quarter. BNP Paribas Arbitrage SA now owns 10,205 shares of the basic materials company’s stock worth $404,000 after buying an additional 1,639 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Cal-Maine Foods by 12.0% in the second quarter. Alliancebernstein L.P. now owns 47,988 shares of the basic materials company’s stock worth $1,900,000 after buying an additional 5,150 shares during the last quarter. 62.97% of the stock is owned by institutional investors.
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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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