Cal-Maine Foods, Inc. (NASDAQ:CALM) Given Consensus Recommendation of “Hold” by Analysts

Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) have received an average rating of “Hold” from the five research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $94.1667.

CALM has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cal-Maine Foods in a report on Friday, March 27th. Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a report on Tuesday, May 26th. Stephens increased their price target on shares of Cal-Maine Foods from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, March 18th. BMO Capital Markets cut their price target on shares of Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating for the company in a report on Wednesday, March 25th. Finally, Royal Bank Of Canada set a $100.00 price target on shares of Cal-Maine Foods in a report on Tuesday, May 26th.

Hedge Funds Weigh In On Cal-Maine Foods

A number of large investors have recently made changes to their positions in CALM. Northwestern Mutual Wealth Management Co. increased its holdings in Cal-Maine Foods by 3,014.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 623,571 shares of the basic materials company’s stock valued at $49,618,000 after acquiring an additional 603,551 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in Cal-Maine Foods during the 4th quarter valued at about $28,864,000. First Trust Advisors LP increased its holdings in Cal-Maine Foods by 29.7% during the 1st quarter. First Trust Advisors LP now owns 1,552,297 shares of the basic materials company’s stock valued at $122,864,000 after acquiring an additional 355,762 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Cal-Maine Foods by 13.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,519,483 shares of the basic materials company’s stock valued at $199,416,000 after acquiring an additional 300,910 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Cal-Maine Foods by 533.2% during the 4th quarter. Millennium Management LLC now owns 348,762 shares of the basic materials company’s stock valued at $27,751,000 after acquiring an additional 293,684 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Stock Performance

Shares of Cal-Maine Foods stock opened at $77.73 on Friday. The company has a market cap of $3.68 billion, a P/E ratio of 5.42 and a beta of 0.26. Cal-Maine Foods has a one year low of $71.92 and a one year high of $126.40. The firm has a fifty day moving average of $76.84 and a two-hundred day moving average of $80.48.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Wednesday, April 1st. The basic materials company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.17. The company had revenue of $666.95 million during the quarter, compared to the consensus estimate of $655.82 million. Cal-Maine Foods had a net margin of 20.07% and a return on equity of 26.05%. Cal-Maine Foods’s quarterly revenue was down 53.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $10.39 EPS.

Cal-Maine Foods Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Wednesday, April 29th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Wednesday, April 29th. Cal-Maine Foods’s dividend payout ratio (DPR) is currently 9.97%.

Cal-Maine Foods Company Profile

Cal-Maine Foods, Inc, together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.