Shares of Cal-Maine Foods Inc. (NASDAQ:CALM) fell 2.7% on Thursday . The stock traded as low as $44.57 and last traded at $44.72, with a volume of 265,070 shares. The stock had previously closed at $45.94.

Several research firms recently weighed in on CALM. Vetr raised Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $46.84 price target for the company in a report on Monday. Zacks Investment Research raised Cal-Maine Foods from a “strong sell” rating to a “buy” rating and set a $47.00 price target for the company in a report on Monday, August 15th. BB&T Corp. raised Cal-Maine Foods from an “underweight” rating to a “hold” rating in a report on Thursday, June 16th. Finally, DA Davidson cut Cal-Maine Foods from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $55.00 to $45.00 in a report on Monday, May 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Cal-Maine Foods currently has an average rating of “Hold” and an average price target of $52.57.

The stock’s 50-day moving average is $42.86 and its 200 day moving average is $46.99. The firm has a market cap of $2.12 billion and a P/E ratio of 6.70.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Monday, July 18th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.18. The firm had revenue of $303 million for the quarter, compared to the consensus estimate of $304.29 million. Cal-Maine Foods’s revenue for the quarter was down 24.8% on a year-over-year basis. During the same period last year, the company posted $0.95 earnings per share. Equities research analysts expect 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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