Cal-Maine Foods Inc. (CALM) Trading 5.1% Higher
Cal-Maine Foods Inc. (NASDAQ:CALM) shares traded up 5.1% during mid-day trading on Wednesday . The stock traded as high as $43.61 and last traded at $43.59, with a volume of 373,573 shares traded. The stock had previously closed at $41.46.
Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Cal-Maine Foods from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 26th. BB&T Corp. upgraded shares of Cal-Maine Foods from an “underweight” rating to a “hold” rating in a research report on Thursday, June 16th. Vetr upgraded shares of Cal-Maine Foods from a “buy” rating to a “strong-buy” rating and set a $47.11 target price for the company in a research report on Thursday, July 28th. Finally, DA Davidson lowered shares of Cal-Maine Foods from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $55.00 to $45.00 in a research report on Monday, May 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $56.02.
The stock’s 50 day moving average is $42.52 and its 200-day moving average is $47.75. The firm has a market capitalization of $2.07 billion and a price-to-earnings ratio of 6.52.
Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Monday, July 18th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.18. During the same quarter in the prior year, the firm posted $0.95 EPS. The business earned $303 million during the quarter, compared to the consensus estimate of $304.29 million. The company’s revenue for the quarter was down 24.8% compared to the same quarter last year. Equities research analysts anticipate that Cal-Maine Foods Inc. will post $1.72 EPS for the current year.
Other large investors have bought and sold shares of the company. State Board of Administration of Florida Retirement System raised its stake in 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 in the last quarter. Principal Financial Group Inc. raised its stake in 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in 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. Cornerstone Capital Management Holdings LLC. acquired a new stake in Cal-Maine Foods during the fourth quarter valued at approximately $1,040,000. Finally, PNC Financial Services Group Inc. raised its stake in 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 in 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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