Weekly Investment Analysts’ Ratings Updates for Cal-Maine Foods (CALM)

A number of firms have modified their ratings and price targets on shares of Cal-Maine Foods (NASDAQ: CALM) recently:

  • 10/8/2019 – Cal-Maine Foods was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/3/2019 – Cal-Maine Foods was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/2/2019 – Cal-Maine Foods was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/1/2019 – Cal-Maine Foods was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $42.00 price target on the stock. According to Zacks, “Cal-Maine Foods, Inc. is primarily engaged in the production, grading, packing and sale of fresh shell eggs, including conventional, cage-free, organic and nutritionally-enhanced eggs. The Company, which is headquartered in Jackson, Mississippi, is the largest producer and distributor of fresh shell eggs in the United States and sells the majority of its shell eggs in states across the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States. “
  • 9/23/2019 – Cal-Maine Foods was given a new $45.00 price target on by analysts at Stephens. They now have a “hold” rating on the stock.
  • 9/11/2019 – Cal-Maine Foods was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/6/2019 – Cal-Maine Foods was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 8/30/2019 – Cal-Maine Foods was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

NASDAQ CALM opened at $40.17 on Monday. The firm has a market capitalization of $1.96 billion, a P/E ratio of 34.63 and a beta of 0.39. Cal-Maine Foods Inc has a 1-year low of $36.65 and a 1-year high of $50.69. The business’s 50-day simple moving average is $41.84 and its 200-day simple moving average is $41.13.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Monday, September 30th. The basic materials company reported ($0.94) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.78). The firm had revenue of $241.20 million during the quarter, compared to analyst estimates of $251.33 million. Cal-Maine Foods had a negative net margin of 0.31% and a positive return on equity of 0.07%. The business’s revenue for the quarter was down 29.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 earnings per share. On average, equities analysts expect that Cal-Maine Foods Inc will post 0.31 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Oakworth Capital Inc. acquired a new position in Cal-Maine Foods during the 2nd quarter worth approximately $44,000. NEXT Financial Group Inc lifted its position in Cal-Maine Foods by 28.6% during the 2nd quarter. NEXT Financial Group Inc now owns 1,350 shares of the basic materials company’s stock worth $56,000 after acquiring an additional 300 shares in the last quarter. Advisor Group Inc. lifted its position in Cal-Maine Foods by 17.5% during the 2nd quarter. Advisor Group Inc. now owns 2,574 shares of the basic materials company’s stock worth $107,000 after acquiring an additional 383 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in Cal-Maine Foods during the 1st quarter worth approximately $161,000. Finally, Bank of Montreal Can lifted its position in Cal-Maine Foods by 109.0% during the 2nd quarter. Bank of Montreal Can now owns 4,349 shares of the basic materials company’s stock worth $181,000 after acquiring an additional 2,268 shares in the last quarter. 67.53% of the stock is currently owned by hedge funds and other institutional investors.

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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