Analysts Set Cal-Maine Foods Inc (CALM) Target Price at $38.67

Shares of Cal-Maine Foods Inc (NASDAQ:CALM) have been assigned an average rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $38.67.

A number of brokerages recently issued reports on CALM. BidaskClub downgraded Cal-Maine Foods from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Cleveland Research upgraded Cal-Maine Foods from a “sell” rating to a “neutral” rating in a research report on Saturday, December 30th. Finally, Zacks Investment Research downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its position in Cal-Maine Foods by 22.9% during the second quarter. Public Employees Retirement System of Ohio now owns 3,161 shares of the basic materials company’s stock valued at $125,000 after purchasing an additional 590 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Cal-Maine Foods during the third quarter valued at about $127,000. PNC Financial Services Group Inc. raised its position in Cal-Maine Foods by 48.1% during the second quarter. PNC Financial Services Group Inc. now owns 3,423 shares of the basic materials company’s stock valued at $135,000 after purchasing an additional 1,111 shares in the last quarter. Sei Investments Co. raised its position in Cal-Maine Foods by 42.4% during the third quarter. Sei Investments Co. now owns 3,882 shares of the basic materials company’s stock valued at $160,000 after purchasing an additional 1,156 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in Cal-Maine Foods during the third quarter valued at about $252,000. Institutional investors and hedge funds own 63.40% of the company’s stock.

Shares of Cal-Maine Foods (NASDAQ:CALM) traded down $0.10 during mid-day trading on Friday, hitting $41.00. The company had a trading volume of 377,000 shares, compared to its average volume of 396,193. The company has a quick ratio of 1.85, a current ratio of 2.78 and a debt-to-equity ratio of 0.01. Cal-Maine Foods has a one year low of $33.40 and a one year high of $50.40. The stock has a market capitalization of $1,996.39, a P/E ratio of -31.78 and a beta of 0.67.

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

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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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