Shares of Cal-Maine Foods Inc. (NASDAQ:CALM) traded up 1.6% on Monday . The stock traded as high as $41.58 and last traded at $41.24, with a volume of 346,366 shares changing hands. The stock had previously closed at $40.58.

Several analysts have recently weighed in on the company. DA Davidson downgraded Cal-Maine Foods from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 29th. Sidoti downgraded Cal-Maine Foods from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 29th. Zacks Investment Research upgraded Cal-Maine Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, May 9th. Finally, BB&T Corp. upgraded Cal-Maine Foods from an “underweight” rating to a “hold” rating in a research note on Thursday, June 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $59.21.

The company has a market capitalization of $1.98 billion and a P/E ratio of 6.26. The company’s 50-day moving average price is $42.84 and its 200 day moving average price is $48.02.

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

In related news, CEO Adolphus B. Baker sold 100,000 shares of the firm’s stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $51.95, for a total value of $5,195,000.00. Following the completion of the transaction, the chief executive officer now owns 307,344 shares of the company’s stock, valued at $15,966,520.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Other hedge funds and 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 worth approximately $1,040,000. State Board of Administration of Florida Retirement System increased its position 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 worth $1,334,000 after buying an additional 458 shares during the period. Neuberger Berman Group LLC purchased a new position in shares of Cal-Maine Foods during the fourth quarter worth approximately $1,408,000. PNC Financial Services Group Inc. increased its position 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 worth $1,416,000 after buying an additional 27,224 shares during the period. Finally, Advisors Asset Management Inc. purchased a new position in shares of Cal-Maine Foods during the fourth quarter worth approximately $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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