Cal-Maine Foods (NASDAQ:CALM) Lowered to Hold Rating by StockNews.com

Cal-Maine Foods (NASDAQ:CALM) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Separately, Stephens initiated coverage on shares of Cal-Maine Foods in a report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 target price on the stock.

Cal-Maine Foods Trading Up 1.0 %

NASDAQ CALM opened at $104.73 on Tuesday. The firm has a market capitalization of $5.14 billion, a PE ratio of 12.00 and a beta of -0.11. The business’s 50-day moving average price is $98.56 and its two-hundred day moving average price is $82.07. Cal-Maine Foods has a 12 month low of $53.38 and a 12 month high of $114.06.

Cal-Maine Foods (NASDAQ:CALM) last announced its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, beating the consensus estimate of $4.05 by $0.42. Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The business had revenue of $954.70 million for the quarter, compared to analysts’ expectations of $751.50 million. During the same period in the prior year, the business posted $0.35 earnings per share. The firm’s revenue was up 82.5% on a year-over-year basis. As a group, analysts forecast that Cal-Maine Foods will post 8.54 earnings per share for the current fiscal year.

Institutional Trading of Cal-Maine Foods

Several large investors have recently modified their holdings of CALM. Rhumbline Advisers boosted its stake in Cal-Maine Foods by 6.8% during the second quarter. Rhumbline Advisers now owns 125,952 shares of the basic materials company’s stock worth $7,697,000 after acquiring an additional 8,036 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Cal-Maine Foods by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 11,765 shares of the basic materials company’s stock worth $719,000 after purchasing an additional 230 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Cal-Maine Foods in the 2nd quarter valued at about $86,000. Ashton Thomas Private Wealth LLC bought a new stake in Cal-Maine Foods in the 2nd quarter valued at about $47,000. Finally, American Century Companies Inc. boosted its holdings in Cal-Maine Foods by 8.9% in the second quarter. American Century Companies Inc. now owns 1,013,713 shares of the basic materials company’s stock worth $61,948,000 after acquiring an additional 82,772 shares in the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Cal-Maine Foods Company Profile

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.