Shares of Cal-Maine Foods Inc (NASDAQ:CALM) have received a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $38.67.

A number of equities analysts have recently issued reports on CALM shares. Zacks Investment Research upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Friday, November 17th. BidaskClub downgraded shares of Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 9th. Finally, Cleveland Research upgraded shares of Cal-Maine Foods from a “sell” rating to a “neutral” rating in a report on Friday, December 22nd.

A number of large investors have recently bought and sold shares of the business. California Public Employees Retirement System increased its holdings in Cal-Maine Foods by 0.5% during the 2nd quarter. California Public Employees Retirement System now owns 59,700 shares of the basic materials company’s stock valued at $2,364,000 after acquiring an additional 300 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Cal-Maine Foods by 22.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,161 shares of the basic materials company’s stock valued at $125,000 after acquiring an additional 590 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in Cal-Maine Foods by 0.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 84,368 shares of the basic materials company’s stock valued at $3,341,000 after acquiring an additional 708 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Cal-Maine Foods by 0.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 157,076 shares of the basic materials company’s stock valued at $6,220,000 after acquiring an additional 725 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Cal-Maine Foods by 48.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,423 shares of the basic materials company’s stock valued at $135,000 after acquiring an additional 1,111 shares in the last quarter. Hedge funds and other institutional investors own 62.90% of the company’s stock.

Cal-Maine Foods (NASDAQ CALM) opened at $41.10 on Friday. The company has a quick ratio of 1.85, a current ratio of 2.78 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1,996.39, a PE ratio of -31.86 and a beta of 0.67. Cal-Maine Foods has a twelve month low of $33.40 and a twelve month high of $50.40.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings results on Friday, January 5th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.15). The company had revenue of $361.20 million during the quarter, compared to analysts’ expectations of $370.85 million. Cal-Maine Foods had a negative net margin of 5.18% and a negative return on equity of 1.15%. The business’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.48) EPS. analysts forecast that Cal-Maine Foods will post 1 earnings per share for the current fiscal year.

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About Cal-Maine Foods

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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