Shares of Cal-Maine Foods Inc. (NASDAQ:CALM) traded up 2.4% on Tuesday . The company traded as high as $46.27 and last traded at $46.15, with a volume of 697,084 shares. The stock had previously closed at $45.07.

A number of analysts have weighed in on the company. DA Davidson lowered Cal-Maine Foods from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $55.00 to $45.00 in a report on Monday, May 9th. Zacks Investment Research upgraded Cal-Maine Foods from a “strong sell” rating to a “hold” rating in a report on Monday, May 9th. Vetr lowered Cal-Maine Foods from a “buy” rating to a “hold” rating and set a $46.84 target price for the company. in a report on Monday. Finally, BB&T Corp. upgraded Cal-Maine Foods from an “underweight” rating to a “hold” rating in a report on Thursday, June 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Cal-Maine Foods presently has an average rating of “Hold” and an average target price of $52.57.

The company’s 50 day moving average is $42.95 and its 200 day moving average is $47.02. The firm has a market capitalization of $2.24 billion and a PE ratio of 7.07.

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

A hedge fund recently raised its stake in Cal-Maine Foods stock. Wells Fargo & Company MN increased its stake in shares of Cal-Maine Foods Inc. (NASDAQ:CALM) by 14.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 269,207 shares of the company’s stock after buying an additional 33,110 shares during the period. Wells Fargo & Company MN owned 0.56% of Cal-Maine Foods worth $12,475,000 at the end of the most recent 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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