Cal-Maine Foods Inc (NASDAQ:CALM) – Equities researchers at DA Davidson decreased their Q1 2018 EPS estimates for shares of Cal-Maine Foods in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. DA Davidson analyst E. Gottlieb now anticipates that the basic materials company will post earnings of $0.30 per share for the quarter, down from their previous estimate of $0.32. DA Davidson currently has a “Buy” rating and a $35.00 target price on the stock.
CALM has been the topic of several other reports. Goldman Sachs Group Inc dropped their price target on Cal-Maine Foods from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, March 27th. Zacks Investment Research raised Cal-Maine Foods from a “strong sell” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Tuesday, February 7th. Finally, Vetr lowered Cal-Maine Foods from a “hold” rating to a “sell” rating and set a $43.50 price target on the stock. in a research report on Monday, December 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Cal-Maine Foods has a consensus rating of “Hold” and an average price target of $39.38.
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Shares of Cal-Maine Foods (NASDAQ:CALM) traded up 1.41% during mid-day trading on Thursday, reaching $39.55. 443,934 shares of the company traded hands. The firm’s 50 day moving average price is $37.91 and its 200-day moving average price is $39.72. The company’s market capitalization is $1.92 billion. Cal-Maine Foods has a 52-week low of $35.10 and a 52-week high of $53.06.
Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Monday, March 27th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.07. The business had revenue of $306.50 million for the quarter, compared to analyst estimates of $331.87 million. Cal-Maine Foods had a return on equity of 1.10% and a net margin of 0.79%. The firm’s revenue for the quarter was down 31.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.33 EPS.
In other Cal-Maine Foods news, Director James E. Poole sold 2,200 shares of the stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $42.33, for a total value of $93,126.00. Following the sale, the director now directly owns 6,265 shares of the company’s stock, valued at $265,197.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 33.34% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. Elkfork Partners LLC bought a new stake in shares of Cal-Maine Foods during the fourth quarter valued at $104,000. PNC Financial Services Group Inc. raised its stake in shares of Cal-Maine Foods by 22.7% in the third quarter. PNC Financial Services Group Inc. now owns 3,100 shares of the basic materials company’s stock valued at $119,000 after buying an additional 573 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Cal-Maine Foods by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,280 shares of the basic materials company’s stock valued at $120,000 after buying an additional 60 shares in the last quarter. MSI Financial Services Inc raised its stake in shares of Cal-Maine Foods by 73.5% in the third quarter. MSI Financial Services Inc now owns 5,125 shares of the basic materials company’s stock valued at $198,000 after buying an additional 2,171 shares in the last quarter. Finally, OLD Dominion Capital Management Inc. raised its stake in shares of Cal-Maine Foods by 1.1% in the third quarter. OLD Dominion Capital Management Inc. now owns 6,029 shares of the basic materials company’s stock valued at $232,000 after buying an additional 68 shares in the last quarter. 56.52% of the stock is currently owned by hedge funds and other institutional investors.
Cal-Maine Foods Company Profile
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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