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

Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) have earned an average recommendation of “Hold” from the five research firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $94.7143.

A number of research firms have recently issued reports on CALM. Wall Street Zen cut shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Benchmark reaffirmed a “buy” rating on shares of Cal-Maine Foods in a research report on Monday, July 13th. Wells Fargo & Company set a $100.00 price target on Cal-Maine Foods in a research note on Monday, July 13th. BMO Capital Markets increased their price target on Cal-Maine Foods from $75.00 to $83.00 and gave the stock a “market perform” rating in a report on Thursday, July 23rd. Finally, Stephens reduced their price objective on Cal-Maine Foods from $90.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 14th.

Hedge Funds Weigh In On Cal-Maine Foods

A number of large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC grew its position in Cal-Maine Foods by 12.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,022 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 116 shares during the period. MML Investors Services LLC lifted its stake in shares of Cal-Maine Foods by 1.8% in the fourth quarter. MML Investors Services LLC now owns 7,428 shares of the basic materials company’s stock valued at $591,000 after buying an additional 131 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of Cal-Maine Foods by 0.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 23,884 shares of the basic materials company’s stock valued at $1,900,000 after buying an additional 131 shares during the last quarter. CoreCap Advisors LLC grew its holdings in shares of Cal-Maine Foods by 13.5% during the second quarter. CoreCap Advisors LLC now owns 1,153 shares of the basic materials company’s stock valued at $93,000 after buying an additional 137 shares during the last quarter. Finally, IFP Advisors Inc increased its position in shares of Cal-Maine Foods by 58.2% during the third quarter. IFP Advisors Inc now owns 378 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 139 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Stock Up 0.1%

Cal-Maine Foods stock opened at $79.02 on Wednesday. The company has a market capitalization of $3.71 billion, a PE ratio of 12.06 and a beta of 0.23. Cal-Maine Foods has a 12-month low of $71.92 and a 12-month high of $116.58. The firm’s fifty day moving average is $84.22 and its 200 day moving average is $81.24.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Wednesday, July 22nd. The basic materials company reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.84). Cal-Maine Foods had a return on equity of 11.79% and a net margin of 10.88%.The company had revenue of $552.58 million during the quarter, compared to analyst estimates of $563.83 million. During the same quarter in the previous year, the business posted $7.04 earnings per share. The company’s revenue for the quarter was down 49.9% compared to the same quarter last year.

About Cal-Maine Foods

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.