Cal-Maine Foods (NASDAQ:CALM – Free Report) had its target price raised by BMO Capital Markets from $75.00 to $83.00 in a report released on Thursday morning,Benzinga reports. BMO Capital Markets currently has a market perform rating on the basic materials company’s stock.
Other analysts have also issued research reports about the stock. Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a research note on Monday, July 13th. Stephens dropped their price target on shares of Cal-Maine Foods from $90.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 14th. Weiss Ratings restated a “hold (c)” rating on shares of Cal-Maine Foods in a report on Wednesday, July 8th. Royal Bank Of Canada set a $100.00 price objective on shares of Cal-Maine Foods in a research report on Tuesday, May 26th. Finally, Wells Fargo & Company set a $100.00 price objective on shares of Cal-Maine Foods in a research report on Monday, July 13th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Cal-Maine Foods has a consensus rating of “Hold” and an average price target of $94.71.
Check Out Our Latest Research Report on CALM
Cal-Maine Foods Price Performance
Cal-Maine Foods (NASDAQ:CALM – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The basic materials company reported ($0.76) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.84). The business had revenue of $552.58 million during the quarter, compared to the consensus estimate of $563.83 million. Cal-Maine Foods had a net margin of 10.88% and a return on equity of 11.79%. Cal-Maine Foods’s revenue was down 49.9% compared to the same quarter last year. During the same period in the previous year, the business posted $7.04 EPS.
Institutional Trading of Cal-Maine Foods
Large investors have recently added to or reduced their stakes in the stock. Pinnacle Holdings LLC purchased a new position in Cal-Maine Foods in the fourth quarter valued at about $30,000. WealthCollab LLC grew its position in shares of Cal-Maine Foods by 105.2% during the 4th quarter. WealthCollab LLC now owns 431 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 221 shares during the period. IFP Advisors Inc increased its stake in shares of Cal-Maine Foods by 58.2% during the 3rd quarter. IFP Advisors Inc now owns 378 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 139 shares during the last quarter. Signaturefd LLC increased its stake in shares of Cal-Maine Foods by 46.5% during the 4th quarter. Signaturefd LLC now owns 488 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 155 shares during the last quarter. Finally, National Bank of Canada FI purchased a new stake in shares of Cal-Maine Foods during the 3rd quarter worth approximately $42,000. Hedge funds and other institutional investors own 84.67% of the company’s stock.
About Cal-Maine Foods
Cal-Maine Foods, Inc, together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.
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