Cal-Maine Foods (NASDAQ:CALM) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday.

Several other research firms have also recently weighed in on CALM. Stephens upgraded shares of Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $35.00 to $50.00 in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Friday, November 17th. Finally, Cleveland Research upgraded shares of Cal-Maine Foods from a “sell” rating to a “neutral” rating in a research report on Friday, December 22nd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Cal-Maine Foods currently has a consensus rating of “Hold” and an average price target of $39.00.

Cal-Maine Foods (NASDAQ CALM) traded down $3.00 on Friday, hitting $40.80. 1,310,000 shares of the stock traded hands, compared to its average volume of 320,257. Cal-Maine Foods has a 52 week low of $33.40 and a 52 week high of $50.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.14 and a current ratio of 6.67. The firm has a market capitalization of $1,850.00, a PE ratio of -33.17 and a beta of 0.76.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Friday, January 5th. The basic materials company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.15). Cal-Maine Foods had a negative return on equity of 6.97% and a negative net margin of 5.41%. The firm had revenue of $361.20 million for the quarter, compared to analyst estimates of $370.85 million. During the same quarter last year, the company earned ($0.48) earnings per share. The company’s quarterly revenue was up 42.5% compared to the same quarter last year. equities research analysts anticipate that Cal-Maine Foods will post 1 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its stake in Cal-Maine Foods by 22.9% during the second quarter. Public Employees Retirement System of Ohio now owns 3,161 shares of the basic materials company’s stock worth $125,000 after acquiring an additional 590 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Cal-Maine Foods during the third quarter worth $127,000. PNC Financial Services Group Inc. boosted its stake in Cal-Maine Foods by 48.1% during the second quarter. PNC Financial Services Group Inc. now owns 3,423 shares of the basic materials company’s stock worth $135,000 after acquiring an additional 1,111 shares in the last quarter. Sei Investments Co. boosted its stake in Cal-Maine Foods by 42.4% during the third quarter. Sei Investments Co. now owns 3,882 shares of the basic materials company’s stock worth $160,000 after acquiring an additional 1,156 shares in the last quarter. Finally, Aviance Capital Management LLC bought a new position in shares of Cal-Maine Foods in the second quarter valued at $191,000. 62.97% of the stock is currently owned by institutional investors and hedge funds.

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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.

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