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

Cal-Maine Foods Inc (NASDAQ:CALM) has been given a consensus recommendation of “Hold” by the six research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

A number of analysts have recently weighed in on CALM shares. TheStreet cut shares of Cal-Maine Foods from a “b-” rating to a “c+” rating in a research note on Friday, December 28th. Stephens started coverage on shares of Cal-Maine Foods in a research note on Monday, March 4th. They issued an “equal weight” rating for the company. ValuEngine cut shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Monday, January 7th. Vertical Group cut shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a research note on Thursday, December 6th. Finally, BidaskClub cut shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Thursday, December 13th.

NASDAQ CALM opened at $44.32 on Friday. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 12.52 and a beta of 0.32. Cal-Maine Foods has a 12-month low of $40.63 and a 12-month high of $52.30.

Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Friday, January 4th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.04). The business had revenue of $356.00 million during the quarter, compared to analyst estimates of $362.73 million. Cal-Maine Foods had a net margin of 12.84% and a return on equity of 17.78%. Cal-Maine Foods’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 earnings per share.

Several institutional investors have recently modified their holdings of the company. Piedmont Investment Advisors Inc. lifted its stake in shares of Cal-Maine Foods by 3.4% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 7,213 shares of the basic materials company’s stock worth $305,000 after buying an additional 234 shares during the last quarter. Mondrian Investment Partners LTD raised its stake in Cal-Maine Foods by 0.4% during the 4th quarter. Mondrian Investment Partners LTD now owns 76,544 shares of the basic materials company’s stock valued at $3,238,000 after purchasing an additional 275 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Cal-Maine Foods by 3.0% during the 4th quarter. State of Alaska Department of Revenue now owns 10,118 shares of the basic materials company’s stock valued at $427,000 after purchasing an additional 295 shares during the last quarter. Hsbc Holdings PLC raised its stake in Cal-Maine Foods by 0.7% during the 4th quarter. Hsbc Holdings PLC now owns 50,384 shares of the basic materials company’s stock valued at $2,131,000 after purchasing an additional 371 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its stake in Cal-Maine Foods by 67.3% during the 4th quarter. Meeder Asset Management Inc. now owns 994 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 63.83% of the company’s stock.

Cal-Maine Foods Company Profile

Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.

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