Cal-Maine Foods, Inc. (NASDAQ:CALM) Stock Now Rated “Hold” by Wall Street Brokerages

Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM – Get Free Report) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $84.17.

Several research analysts have recently weighed in on the company. BMO Capital Markets restated a “market perform” rating on shares of Cal-Maine Foods in a report on Tuesday. Benchmark downgraded shares of Cal-Maine Foods from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 4th. Wall Street Zen lowered shares of Cal-Maine Foods from a “sell” rating to a “strong sell” rating in a report on Saturday, September 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cal-Maine Foods in a research note on Wednesday, October 21st. Finally, Raymond James Financial lowered shares of Cal-Maine Foods to an “outperform” rating in a research report on Thursday, October 1st.

Get Our Latest Stock Analysis on Cal-Maine Foods

Cal-Maine Foods Stock Down 1.9%

Cal-Maine Foods stock opened at $61.18 on Thursday. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 52.29 and a beta of 0.25. Cal-Maine Foods has a 52 week low of $60.13 and a 52 week high of $95.25. The business’s 50-day moving average price is $70.69 and its 200 day moving average price is $78.53.

Cal-Maine Foods (NASDAQ:CALM – Get Free Report) last announced its quarterly earnings results on Wednesday, September 30th. The basic materials company reported ($1.26) earnings per share for the quarter, missing the consensus estimate of ($0.77) by ($0.49). The business had revenue of $539.61 million during the quarter, compared to analysts’ expectations of $561.57 million. Cal-Maine Foods had a net margin of 2.32% and a return on equity of 2.21%. Cal-Maine Foods’s revenue for the quarter was down 41.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.12 EPS.

Institutional Investors Weigh In On Cal-Maine Foods

A number of institutional investors have recently made changes to their positions in the stock. CoreCap Advisors LLC increased its holdings in shares of Cal-Maine Foods by 13.5% in the 2nd quarter. CoreCap Advisors LLC now owns 1,153 shares of the basic materials company’s stock valued at $93,000 after acquiring an additional 137 shares during the last quarter. DGS Capital Management LLC raised its stake in shares of Cal-Maine Foods by 6.7% during the first quarter. DGS Capital Management LLC now owns 2,932 shares of the basic materials company’s stock worth $232,000 after purchasing an additional 183 shares during the last quarter. Stegent Equity Advisors Inc. raised its stake in shares of Cal-Maine Foods by 4.0% during the first quarter. Stegent Equity Advisors Inc. now owns 5,279 shares of the basic materials company’s stock worth $418,000 after purchasing an additional 202 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Cal-Maine Foods by 3.7% during the third quarter. Evergreen Capital Management LLC now owns 5,775 shares of the basic materials company’s stock worth $393,000 after purchasing an additional 204 shares during the period. Finally, MGO One Seven LLC lifted its holdings in shares of Cal-Maine Foods by 4.4% during the third quarter. MGO One Seven LLC now owns 5,098 shares of the basic materials company’s stock worth $347,000 after purchasing an additional 216 shares during the period. 84.67% of the stock is currently owned by institutional investors and hedge funds.

About Cal-Maine Foods

(Get Free Report)

Cal-Maine Foods, Inc (NASDAQ: CALM) is a major producer and distributor of shell eggs in the United States. The company supplies eggs to grocery retailers, foodservice distributors, restaurants, food processors and institutional customers.

Its product portfolio includes conventional shell eggs as well as specialty products such as cage-free, organic, free-range, nutritionally enhanced and omega-3 eggs. Cal-Maine also markets hard-cooked eggs and other value-added egg products through its brands and customer relationships.

Founded in 1969 and headquartered in Jackson, Mississippi, Cal-Maine operates egg production, processing, packaging and distribution facilities in multiple U.S.

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Analyst Recommendations for Cal-Maine Foods (NASDAQ:CALM)

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