Cal-Maine Foods Inc. (NASDAQ:CALM)’s share price traded down 2% during mid-day trading on Thursday . The stock traded as low as $44.61 and last traded at $44.83, with a volume of 324,591 shares changing hands. The stock had previously closed at $45.75.

Several equities analysts have issued reports on the stock. DA Davidson cut shares of Cal-Maine Foods from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $55.00 to $45.00 in a research note on Monday, May 9th. BB&T Corp. raised shares of Cal-Maine Foods from an “underweight” rating to a “hold” rating in a research note on Thursday, June 16th. Zacks Investment Research cut shares of Cal-Maine Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, May 16th. Finally, Sidoti cut shares of Cal-Maine Foods from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Cal-Maine Foods presently has a consensus rating of “Hold” and an average target price of $59.21.

The company has a 50 day moving average of $43.24 and a 200-day moving average of $48.22. The firm has a market cap of $2.14 billion and a price-to-earnings ratio of 5.90.

In related news, CEO Adolphus B. Baker sold 100,000 shares of the firm’s stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $51.95, for a total transaction of $5,195,000.00. Following the transaction, the chief executive officer now directly owns 307,344 shares in the company, valued at $15,966,520.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of institutional investors have recently made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Cal-Maine Foods during the fourth quarter valued at about $1,040,000. State Board of Administration of Florida Retirement System boosted its stake in Cal-Maine Foods by 1.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 28,792 shares of the company’s stock worth $1,334,000 after buying an additional 458 shares during the last quarter. Neuberger Berman Group LLC bought a new stake in Cal-Maine Foods during the fourth quarter worth about $1,408,000. PNC Financial Services Group Inc. boosted its stake in Cal-Maine Foods by 820.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 30,543 shares of the company’s stock worth $1,416,000 after buying an additional 27,224 shares during the last quarter. Finally, Stevens Capital Management LP bought a new stake in Cal-Maine Foods during the fourth quarter worth about $2,019,000.

Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company’s primary business is the production, grading, packaging, marketing and distribution of shell eggs. The Company sells its shell eggs in the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States.

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