Shares of Cal-Maine Foods Inc. (NASDAQ:CALM) rose 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 trading hands. The stock had previously closed at $40.58.

CALM has been the subject of several research analyst reports. DA Davidson downgraded shares of Cal-Maine Foods from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 29th. Vetr downgraded shares of Cal-Maine Foods from a “strong-buy” rating to a “buy” rating and set a $45.66 price target for the company. in a research note on Monday. 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 downgraded shares of Cal-Maine Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, May 16th. Finally, Sidoti downgraded shares of Cal-Maine Foods from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Cal-Maine Foods presently has an average rating of “Hold” and an average target price of $55.73.

The stock has a 50-day moving average price of $42.65 and a 200 day moving average price of $47.97. The firm has a market cap of $1.98 billion and a price-to-earnings ratio of 6.25.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings results on Monday, July 18th. The company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ 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. During the same quarter in the prior year, the business earned $0.95 earnings per share. Cal-Maine Foods’s revenue was down 24.8% compared to the same quarter last year. On average, analysts anticipate 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 Cal-Maine Foods stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $51.95, for a total transaction of $5,195,000.00. Following the sale, the chief executive officer now directly owns 307,344 shares in the company, valued at approximately $15,966,520.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

A number of large investors recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Cal-Maine Foods by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,189,692 shares of the company’s stock valued at $55,132,000 after buying an additional 4,636 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Cal-Maine Foods by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 503,581 shares of the company’s stock valued at $23,335,000 after buying an additional 2,337 shares during the last quarter. Morgan Stanley increased its position in shares of Cal-Maine Foods by 30.5% in the fourth quarter. Morgan Stanley now owns 389,696 shares of the company’s stock valued at $18,059,000 after buying an additional 91,017 shares during the last quarter. Aberdeen Asset Management PLC UK increased its position in shares of Cal-Maine Foods by 41.7% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 312,868 shares of the company’s stock valued at $19,307,000 after buying an additional 92,096 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Cal-Maine Foods by 127.4% in the fourth quarter. New York State Common Retirement Fund now owns 271,022 shares of the company’s stock valued at $12,559,000 after buying an additional 151,833 shares during the last quarter.

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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