Cal-Maine Foods, Inc. (NASDAQ:CALM) has been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $37.90.

A number of analysts recently commented on CALM shares. Stephens upgraded Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $35.00 to $50.00 in a research report on Tuesday, October 3rd. BidaskClub lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Friday, July 7th.

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Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Monday, October 2nd. The basic materials company reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.18). The firm had revenue of $262.80 million during the quarter, compared to analyst estimates of $265.50 million. Cal-Maine Foods had a negative return on equity of 6.97% and a negative net margin of 5.41%. Cal-Maine Foods’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.64) earnings per share.

Hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc grew its position in shares of Cal-Maine Foods by 8.8% during the 2nd quarter. Legal & General Group Plc now owns 57,945 shares of the basic materials company’s stock worth $2,293,000 after buying an additional 4,683 shares during the period. TD Asset Management Inc. grew its position in shares of Cal-Maine Foods by 40.8% during the 2nd quarter. TD Asset Management Inc. now owns 52,412 shares of the basic materials company’s stock worth $2,076,000 after buying an additional 15,200 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Cal-Maine Foods by 106.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 295,548 shares of the basic materials company’s stock worth $10,877,000 after buying an additional 152,191 shares during the period. Bank of Montreal Can acquired a new position in shares of Cal-Maine Foods during the 2nd quarter worth about $385,000. Finally, Teachers Advisors LLC grew its position in shares of Cal-Maine Foods by 3.6% during the 1st quarter. Teachers Advisors LLC now owns 52,300 shares of the basic materials company’s stock worth $1,925,000 after buying an additional 1,808 shares during the period. Hedge funds and other institutional investors own 61.64% of the company’s stock.

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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