Cal-Maine Foods Inc. (CALM) Sees Unusually-High Trading Volume
Cal-Maine Foods Inc. (NASDAQ:CALM) shares saw an uptick in trading volume on Wednesday . 1,317,372 shares changed hands during mid-day trading, an increase of 113% from the previous session’s volume of 617,585 shares.The stock last traded at $45.94 and had previously closed at $46.15.
Several equities analysts recently weighed in on CALM shares. Zacks Investment Research cut shares of Cal-Maine Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, August 1st. Vetr cut shares of Cal-Maine Foods from a “strong-buy” rating to a “buy” rating and set a $46.33 price target on the stock. in a research report on Wednesday, August 3rd. DA Davidson cut shares of Cal-Maine Foods from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $55.00 to $45.00 in a research report on Monday, May 9th. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Cal-Maine Foods presently has an average rating of “Hold” and an average target price of $52.57.
The company has a 50-day moving average of $42.96 and a 200-day moving average of $47.01. The stock has a market cap of $2.23 billion and a PE ratio of 7.04.
Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data 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 period last year, the company posted $0.95 earnings per share. The firm had revenue of $303 million for the quarter, compared to the consensus estimate of $304.29 million. The business’s revenue was down 24.8% on a year-over-year basis. Equities analysts forecast that Cal-Maine Foods Inc. will post $1.44 earnings per share for the current year.
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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