Cal-Maine Foods Inc. (NASDAQ:CALM)’s share price traded up 2% during trading on Wednesday . The stock traded as high as $42.73 and last traded at $42.67, with a volume of 251,403 shares trading hands. The stock had previously closed at $41.83.

Several equities analysts have recently commented on the company. Zacks Investment Research downgraded Cal-Maine Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, August 1st. Vetr downgraded Cal-Maine Foods from a “strong-buy” rating to a “buy” rating and set a $46.33 target price on the stock. in a research report on Wednesday, August 3rd. DA Davidson downgraded Cal-Maine Foods from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $55.00 to $45.00 in a research report on Monday, May 9th. Finally, BB&T Corp. raised Cal-Maine Foods from an “underweight” rating to a “hold” rating in a research report on Thursday, June 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $52.47.

The stock has a 50 day moving average price of $42.97 and a 200 day moving average price of $47.30. The company has a market cap of $2.10 billion and a price-to-earnings ratio of 6.62.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Monday, July 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.18. During the same period in the previous year, the company earned $0.95 EPS. The business had revenue of $303 million for the quarter, compared to analysts’ expectations of $304.29 million. Cal-Maine Foods’s quarterly revenue was down 24.8% compared to the same quarter last year. On average, analysts forecast that Cal-Maine Foods Inc. will post $1.44 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Cal-Maine Foods during the fourth quarter worth about $1,040,000. Advisors Asset Management Inc. purchased a new stake in shares of Cal-Maine Foods during the fourth quarter worth about $2,955,000. Wells Fargo & Company MN raised its stake 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 worth $12,475,000 after buying an additional 33,110 shares in the last quarter. Morgan Stanley raised its stake 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 worth $18,059,000 after buying an additional 91,017 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake 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 worth $23,335,000 after buying an additional 2,337 shares in 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.