Cal-Maine Foods Inc. (CALM) Shares Gap Up to $43.24
Cal-Maine Foods Inc. (NASDAQ:CALM)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $43.13, but opened at $43.24. Cal-Maine Foods shares last traded at $43.63, with a volume of 203,173 shares changing hands.
A number of research firms have recently weighed in on CALM. Zacks Investment Research raised shares of Cal-Maine Foods from a “strong sell” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Monday. Vetr lowered shares of Cal-Maine Foods from a “strong-buy” rating to a “buy” rating and set a $46.33 price objective for the company. in a research report on Wednesday, August 3rd. BB&T Corp. raised shares of Cal-Maine Foods from an “underweight” rating to a “hold” rating in a research report on Thursday, June 16th. Finally, DA Davidson lowered shares of Cal-Maine Foods from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $55.00 to $45.00 in a research report on Monday, May 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $52.47.
The stock’s 50 day moving average price is $43.02 and its 200-day moving average price is $47.24. The company has a market capitalization of $2.12 billion and a PE ratio of 6.69.
Cal-Maine Foods (NASDAQ:CALM) last announced its earnings results on Monday, July 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.18. During the same quarter in the prior year, the company earned $0.95 EPS. The company earned $303 million during the quarter, compared to the consensus estimate of $304.29 million. The business’s quarterly revenue was down 24.8% on a year-over-year basis. Analysts anticipate that Cal-Maine Foods Inc. will post $1.44 EPS for the current year.
Several institutional investors have bought and sold shares of CALM. Principal Financial Group Inc. raised its position 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 during the period. Morgan Stanley raised its position in 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 period. Cornerstone Capital Management Holdings LLC. acquired a new position in Cal-Maine Foods during the fourth quarter valued at $1,040,000. Advisors Asset Management Inc. acquired a new position in Cal-Maine Foods during the fourth quarter valued at $2,955,000. Finally, Dimensional Fund Advisors LP raised its position 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 during the period.
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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