Cal-Maine Foods Inc. (NASDAQ:CALM) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday. They currently have a $41.40 target price on the stock. Vetr‘s price target suggests a potential upside of 2.60% from the company’s current price.
Several other analysts also recently issued reports on the company. Zacks Investment Research downgraded Cal-Maine Foods from a “hold” rating to a “strong sell” rating in a report on Monday, August 1st. DA Davidson reiterated an “underperform” rating and issued a $35.00 price target (down from $37.00) on shares of Cal-Maine Foods in a report on Tuesday, September 27th. Finally, TheStreet downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Monday, September 26th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $39.73.
Cal-Maine Foods (NASDAQ:CALM) traded up 1.51% during mid-day trading on Monday, hitting $40.35. The stock had a trading volume of 180,174 shares. The stock has a market cap of $1.96 billion, a P/E ratio of 13.74 and a beta of 0.80. The company has a 50 day moving average price of $38.58 and a 200 day moving average price of $42.06. Cal-Maine Foods has a one year low of $35.65 and a one year high of $56.50.
Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Monday, September 26th. The company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by $0.31. The firm had revenue of $239.80 million for the quarter. Cal-Maine Foods had a return on equity of 15.81% and a net margin of 9.23%. The firm’s revenue was down 60.7% on a year-over-year basis. During the same period last year, the firm posted $2.95 EPS. On average, equities analysts anticipate that Cal-Maine Foods will post $0.17 EPS for the current year.
A number of institutional investors have recently bought and sold shares of CALM. BlackRock Fund Advisors boosted its position in Cal-Maine Foods by 4.5% in the third quarter. BlackRock Fund Advisors now owns 2,081,793 shares of the company’s stock worth $80,232,000 after buying an additional 90,223 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Cal-Maine Foods by 401.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 1,609,920 shares of the company’s stock valued at $62,046,000 after buying an additional 1,289,020 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of Cal-Maine Foods by 95.6% in the third quarter. Neuberger Berman Group LLC now owns 1,588,857 shares of the company’s stock valued at $61,235,000 after buying an additional 776,556 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Cal-Maine Foods by 0.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,498,612 shares of the company’s stock valued at $66,418,000 after buying an additional 11,870 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Cal-Maine Foods by 6.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,109,579 shares of the company’s stock valued at $49,174,000 after buying an additional 68,602 shares during the last quarter. 59.72% of the stock is owned by institutional investors.
About Cal-Maine Foods
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.