ValuEngine downgraded shares of Cal-Maine Foods (NASDAQ:CALM) from a buy rating to a hold rating in a research report report published on Monday morning.

A number of other brokerages have also commented on CALM. Stephens lowered shares of Cal-Maine Foods from an overweight rating to an equal weight rating in a report on Monday, October 1st. BidaskClub lowered shares of Cal-Maine Foods from a strong-buy rating to a buy rating in a report on Tuesday, November 27th. Vertical Group lowered shares of Cal-Maine Foods from a hold rating to a sell rating in a report on Thursday, December 6th. Finally, TheStreet lowered shares of Cal-Maine Foods from a b- rating to a c+ rating in a report on Friday, December 28th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Cal-Maine Foods currently has an average rating of Hold and a consensus target price of $54.50.

Shares of NASDAQ CALM traded down $0.64 during midday trading on Monday, reaching $41.30. 1,277 shares of the company were exchanged, compared to its average volume of 341,509. The stock has a market cap of $2.04 billion, a PE ratio of 14.65 and a beta of 0.48. Cal-Maine Foods has a one year low of $39.90 and a one year high of $52.30.

Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Friday, January 4th. The basic materials company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The company had revenue of $356.00 million for the quarter, compared to the consensus estimate of $362.73 million. Cal-Maine Foods had a return on equity of 17.78% and a net margin of 12.84%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 EPS.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Investors of record on Wednesday, January 30th will be issued a $0.149 dividend. This is a positive change from Cal-Maine Foods’s previous quarterly dividend of $0.09. The ex-dividend date is Tuesday, January 29th. This represents a $0.60 annualized dividend and a yield of 1.44%. Cal-Maine Foods’s payout ratio is presently 11.97%.

A number of hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue lifted its holdings in Cal-Maine Foods by 3.0% in the fourth quarter. State of Alaska Department of Revenue now owns 10,118 shares of the basic materials company’s stock valued at $427,000 after buying an additional 295 shares during the period. Vanguard Group Inc lifted its holdings in Cal-Maine Foods by 15.2% in the third quarter. Vanguard Group Inc now owns 3,621,819 shares of the basic materials company’s stock valued at $174,934,000 after buying an additional 478,452 shares during the period. Federated Investors Inc. PA raised its holdings in shares of Cal-Maine Foods by 791.2% during the third quarter. Federated Investors Inc. PA now owns 315,700 shares of the basic materials company’s stock valued at $15,248,000 after purchasing an additional 280,276 shares during the period. Vanguard Group Inc. raised its holdings in shares of Cal-Maine Foods by 15.2% during the third quarter. Vanguard Group Inc. now owns 3,621,819 shares of the basic materials company’s stock valued at $174,934,000 after purchasing an additional 478,452 shares during the period. Finally, Morgan Stanley raised its holdings in shares of Cal-Maine Foods by 57.0% during the third quarter. Morgan Stanley now owns 185,463 shares of the basic materials company’s stock valued at $8,958,000 after purchasing an additional 67,321 shares during the period. Institutional investors and hedge funds own 63.05% of the company’s stock.

About Cal-Maine Foods

Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.

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