Cal-Maine Foods, Inc. (CALM) Receives Average Rating of “Sell” from Analysts
Cal-Maine Foods, Inc. (NASDAQ:CALM) has been assigned an average rating of “Sell” from the eight research firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $34.88.
Several research firms have recently weighed in on CALM. Goldman Sachs Group, Inc. (The) cut shares of Cal-Maine Foods from a “neutral” rating to a “sell” rating and set a $31.00 price target for the company. in a report on Friday, June 16th. BidaskClub cut shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Cleveland Research cut shares of Cal-Maine Foods from a “neutral” rating to an “underperform” rating and set a $30.00 price target for the company. in a report on Tuesday, May 30th. Finally, ValuEngine upgraded shares of Cal-Maine Foods from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd.
Cal-Maine Foods (NASDAQ CALM) traded up 2.44% during trading on Tuesday, reaching $35.70. 74,264 shares of the company were exchanged. The firm has a 50-day moving average of $37.77 and a 200-day moving average of $38.79. The firm’s market cap is $1.73 billion. Cal-Maine Foods has a 52-week low of $33.40 and a 52-week high of $46.47.
Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Monday, July 24th. The basic materials company reported ($0.51) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.42. The company had revenue of $274.60 million during the quarter, compared to analyst estimates of $271.33 million. Cal-Maine Foods had a negative net margin of 4.55% and a negative return on equity of 5.67%. The firm’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.01) EPS. On average, equities analysts forecast that Cal-Maine Foods will post ($0.78) EPS for the current year.
A number of hedge funds have recently made changes to their positions in CALM. State of Alaska Department of Revenue boosted its stake in shares of Cal-Maine Foods by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,280 shares of the basic materials company’s stock worth $120,000 after buying an additional 60 shares in the last quarter. FNY Managed Accounts LLC bought a new position in shares of Cal-Maine Foods during the first quarter valued at $187,000. Juncture Wealth Strategies LLC bought a new position in shares of Cal-Maine Foods during the second quarter valued at $202,000. Private Advisor Group LLC raised its position in shares of Cal-Maine Foods by 1.9% in the first quarter. Private Advisor Group LLC now owns 6,052 shares of the basic materials company’s stock valued at $222,000 after buying an additional 110 shares during the last quarter. Finally, Eqis Capital Management Inc. raised its position in shares of Cal-Maine Foods by 22.8% in the first quarter. Eqis Capital Management Inc. now owns 6,088 shares of the basic materials company’s stock valued at $224,000 after buying an additional 1,131 shares during the last quarter. Hedge funds and other institutional investors own 61.62% of the company’s stock.
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.
Receive News & Ratings for Cal-Maine Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cal-Maine Foods Inc. and related companies with MarketBeat.com's FREE daily email newsletter.