Cal-Maine Foods Inc. (NASDAQ:CALM) shares traded down 2.4% on Thursday . The stock traded as low as $41.57 and last traded at $41.80, with a volume of 387,483 shares traded. The stock had previously closed at $42.81.

A number of research firms have weighed in on CALM. Zacks Investment Research cut shares of Cal-Maine Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, August 1st. BB&T Corp. upgraded shares of Cal-Maine Foods from an “underweight” rating to a “hold” rating in a research note on Thursday, June 16th. Vetr cut shares of Cal-Maine Foods from a “strong-buy” rating to a “buy” rating and set a $45.66 target price on the stock. in a research note on Monday, July 25th. Finally, DA Davidson cut shares of Cal-Maine Foods from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $55.00 to $45.00 in a research note on Monday, May 9th. Two equities research 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. Cal-Maine Foods presently has an average rating of “Hold” and a consensus target price of $55.87.

The company has a market cap of $2.04 billion and a PE ratio of 6.44. The firm’s 50-day moving average price is $42.96 and its 200-day moving average price is $47.44.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Monday, July 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.18. During the same quarter in the previous year, the business earned $0.95 earnings per share. The business earned $303 million during the quarter, compared to the consensus estimate of $304.29 million. The firm’s revenue was down 24.8% compared to the same quarter last year. On average, equities analysts anticipate that Cal-Maine Foods Inc. will post $1.26 EPS for the current year.

Several hedge funds and institutional investors have modified their holdings of CALM. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Cal-Maine Foods during the fourth quarter valued at about $1,040,000. Advisors Asset Management Inc. acquired a new position in shares of Cal-Maine Foods during the fourth quarter valued at about $2,955,000. Schroder Investment Management Group acquired a new position in shares of Cal-Maine Foods during the fourth quarter valued at about $9,954,000. Wells Fargo & Company MN raised its position in shares of Cal-Maine Foods by 14.0% in the fourth quarter. Wells Fargo & Company MN now owns 269,207 shares of the company’s stock valued at $12,475,000 after buying an additional 33,110 shares during the last quarter. Finally, Morgan Stanley raised 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.

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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