Cal-Maine Foods Inc. (NASDAQ:CALM) fell 2.4% on Wednesday . The company traded as low as $40.02 and last traded at $40.78, with a volume of 1,121,765 shares changing hands. The stock had previously closed at $41.77.

A number of brokerages have recently weighed in on CALM. BB&T Corp. upgraded Cal-Maine Foods from an “underweight” rating to a “hold” rating in a report on Thursday, June 16th. DA Davidson downgraded Cal-Maine Foods from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $55.00 to $45.00 in a report on Monday, May 9th. Zacks Investment Research upgraded Cal-Maine Foods from a “strong sell” rating to a “hold” rating in a report on Monday, May 9th. Finally, Sidoti downgraded Cal-Maine Foods from a “buy” rating to a “neutral” rating in a report on Tuesday, March 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $59.21.

The company has a 50-day moving average price of $42.95 and a 200 day moving average price of $48.07. The company has a market capitalization of $2.02 billion and a PE ratio of 6.38.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Monday, July 18th. The company reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.18. The company had revenue of $303 million for the quarter, compared to analyst estimates of $304.29 million. The business’s revenue was down 24.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 EPS. Analysts anticipate that Cal-Maine Foods Inc. will post $1.81 earnings per share for the current year.

In other news, CEO Adolphus B. Baker sold 100,000 shares of the stock in a transaction dated 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 owns 307,344 shares of the company’s stock, valued at approximately $15,966,520.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

A number of hedge funds have made changes to their positions in the stock. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Cal-Maine Foods during the fourth quarter valued at $1,040,000. State Board of Administration of Florida Retirement System increased its stake in shares of 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 valued at $1,334,000 after buying an additional 458 shares during the last quarter. Neuberger Berman Group LLC acquired a new stake in shares of Cal-Maine Foods during the fourth quarter valued at $1,408,000. PNC Financial Services Group Inc. increased its stake in shares of 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 valued at $1,416,000 after buying an additional 27,224 shares during the last quarter. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Cal-Maine Foods during the fourth quarter valued at $2,955,000.

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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