Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) have been given a consensus recommendation of “Hold” by the eight brokerages that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $34.88.

CALM has been the subject of a number of recent analyst reports. BidaskClub cut Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Goldman Sachs Group, Inc. (The) cut 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. ValuEngine raised Cal-Maine Foods from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Cleveland Research cut 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.

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Cal-Maine Foods (NASDAQ:CALM) traded down 0.84% on Friday, hitting $35.30. The stock had a trading volume of 326,636 shares. The firm’s market cap is $1.71 billion. The firm’s 50-day moving average price is $36.90 and its 200-day moving average price is $38.03. Cal-Maine Foods has a 1-year low of $33.40 and a 1-year 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 Zacks’ consensus estimate of ($0.09) by $0.42. Cal-Maine Foods had a negative net margin of 6.91% and a negative return on equity of 8.57%. The business had revenue of $274.60 million for the quarter, compared to analyst estimates of $271.33 million. During the same period in the prior year, the business earned ($0.01) earnings per share. The company’s revenue for the quarter was down 9.4% on a year-over-year basis. On average, equities research analysts predict that Cal-Maine Foods will post $0.26 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in CALM. State of Alaska Department of Revenue boosted its stake in 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 valued at $120,000 after buying an additional 60 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Cal-Maine Foods by 22.9% in the second quarter. Public Employees Retirement System of Ohio now owns 3,161 shares of the basic materials company’s stock valued at $125,000 after buying an additional 590 shares during the period. PNC Financial Services Group Inc. boosted its stake in Cal-Maine Foods by 48.1% in the second quarter. PNC Financial Services Group Inc. now owns 3,423 shares of the basic materials company’s stock valued at $135,000 after buying an additional 1,111 shares during the period. Bessemer Group Inc. boosted its stake in Cal-Maine Foods by 138.3% in the second quarter. Bessemer Group Inc. now owns 3,649 shares of the basic materials company’s stock valued at $145,000 after buying an additional 2,118 shares during the period. Finally, Carroll Financial Associates Inc. purchased a new stake in Cal-Maine Foods during the second quarter valued at approximately $162,000. 61.26% of the stock is owned by hedge funds and other institutional investors.

Cal-Maine Foods Company Profile

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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