Cal-Maine Foods Inc (CALM) Given Average Rating of “Hold” by Brokerages

Cal-Maine Foods Inc (NASDAQ:CALM) has been assigned an average rating of “Hold” from the seven analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $38.67.

Several equities research analysts have weighed in on the company. BidaskClub cut Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 9th. Zacks Investment Research upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Friday, November 17th. Cleveland Research upgraded Cal-Maine Foods from a “sell” rating to a “neutral” rating in a report on Saturday, December 30th. Finally, Stephens upgraded Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $35.00 to $50.00 in a report on Tuesday, October 3rd.

Cal-Maine Foods (NASDAQ CALM) opened at $44.75 on Tuesday. The company has a market capitalization of $2,150.00, a price-to-earnings ratio of -34.69 and a beta of 0.76. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.78 and a quick ratio of 1.85. Cal-Maine Foods has a 12-month low of $33.40 and a 12-month high of $50.40.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Friday, January 5th. The basic materials company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.15). The business had revenue of $361.20 million during the quarter, compared to the consensus estimate of $370.85 million. Cal-Maine Foods had a negative net margin of 5.18% and a negative return on equity of 1.15%. The business’s revenue was up 42.5% compared to the same quarter last year. During the same period last year, the company earned ($0.48) EPS. equities research analysts expect that Cal-Maine Foods will post 1 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC purchased a new stake in shares of Cal-Maine Foods in the 3rd quarter worth $127,000. Public Employees Retirement System of Ohio lifted its stake in shares of Cal-Maine Foods by 22.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,161 shares of the basic materials company’s stock worth $125,000 after purchasing an additional 590 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Cal-Maine Foods by 48.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,423 shares of the basic materials company’s stock worth $135,000 after purchasing an additional 1,111 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Cal-Maine Foods by 42.4% during the 3rd quarter. Sei Investments Co. now owns 3,882 shares of the basic materials company’s stock worth $160,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Aviance Capital Management LLC purchased a new stake in shares of Cal-Maine Foods during the 2nd quarter worth $191,000. Institutional investors and hedge funds own 62.97% of the company’s stock.

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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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