Cal-Maine Foods (NASDAQ:CALM) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Friday, BidAskClub reports.

Other research analysts have also issued research reports about the stock. ValuEngine upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Stephens set a $40.00 price objective on shares of Cal-Maine Foods and gave the company a “hold” rating in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Cal-Maine Foods has an average rating of “Hold” and an average price target of $47.00.

Cal-Maine Foods stock opened at $39.20 on Friday. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 13.80 and a beta of 0.28. Cal-Maine Foods has a twelve month low of $38.96 and a twelve month high of $52.30.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Monday, April 1st. The basic materials company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.32. The firm had revenue of $383.99 million for the quarter, compared to analyst estimates of $385.49 million. Cal-Maine Foods had a net margin of 9.57% and a return on equity of 15.09%. The company’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.99 EPS. Equities research analysts expect that Cal-Maine Foods will post 1.45 earnings per share for the current year.

In other news, VP Robert L. Holladay, Jr. sold 1,200 shares of the stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $41.61, for a total transaction of $49,932.00. Following the transaction, the vice president now owns 10,690 shares in the company, valued at approximately $444,810.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James E. Poole sold 2,500 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $42.76, for a total transaction of $106,900.00. Following the transaction, the director now owns 8,222 shares in the company, valued at approximately $351,572.72. The disclosure for this sale can be found here. Corporate insiders own 33.03% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in CALM. Karp Capital Management Corp acquired a new position in shares of Cal-Maine Foods during the 4th quarter worth $25,000. Meeder Asset Management Inc. increased its stake in shares of Cal-Maine Foods by 67.3% during the 4th quarter. Meeder Asset Management Inc. now owns 994 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 400 shares during the last quarter. American Research & Management Co. increased its stake in shares of Cal-Maine Foods by 200.0% during the 1st quarter. American Research & Management Co. now owns 1,500 shares of the basic materials company’s stock worth $67,000 after purchasing an additional 1,000 shares during the last quarter. Intercontinental Wealth Advisors LLC acquired a new position in shares of Cal-Maine Foods during the 4th quarter worth $77,000. Finally, Advisor Group Inc. increased its stake in shares of Cal-Maine Foods by 63.8% during the 1st quarter. Advisor Group Inc. now owns 2,191 shares of the basic materials company’s stock worth $98,000 after purchasing an additional 853 shares during the last quarter. Institutional investors own 63.72% of the company’s stock.

Cal-Maine Foods Company Profile

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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