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

StockNews.com downgraded shares of Cal-Maine Foods (NASDAQ:CALM) from a buy rating to a hold rating in a research note published on Tuesday.

Several other analysts also recently commented on the company. The Goldman Sachs Group raised their price objective on Cal-Maine Foods from $47.00 to $52.00 and gave the stock a “sell” rating in a research note on Wednesday, July 17th. Stephens began coverage on Cal-Maine Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target on the stock.

Cal-Maine Foods Trading Down 0.8 %

Shares of Cal-Maine Foods stock opened at $89.43 on Tuesday. The company has a market capitalization of $4.39 billion, a PE ratio of 15.86 and a beta of -0.10. Cal-Maine Foods has a 12 month low of $44.78 and a 12 month high of $95.06. The stock’s fifty day simple moving average is $77.81 and its 200 day simple moving average is $67.53.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Tuesday, October 1st. The basic materials company reported $3.06 EPS for the quarter, missing the consensus estimate of $3.36 by ($0.30). The business had revenue of $785.87 million for the quarter, compared to analyst estimates of $704.65 million. Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The business’s quarterly revenue was up 71.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.02 EPS.

Insider Buying and Selling at Cal-Maine Foods

In other Cal-Maine Foods news, VP Robert L. Holladay, Jr. sold 1,500 shares of Cal-Maine Foods stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $70.93, for a total value of $106,395.00. Following the sale, the vice president now owns 16,754 shares of the company’s stock, valued at $1,188,361.22. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, VP Robert L. Holladay, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $70.93, for a total value of $106,395.00. Following the completion of the transaction, the vice president now owns 16,754 shares in the company, valued at $1,188,361.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Michael Todd Walters sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $70.20, for a total value of $210,600.00. Following the completion of the transaction, the chief operating officer now owns 5,310 shares of the company’s stock, valued at $372,762. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 13.51% of the company’s stock.

Hedge Funds Weigh In On Cal-Maine Foods

Several hedge funds have recently modified their holdings of CALM. Hodges Capital Management Inc. grew its holdings in shares of Cal-Maine Foods by 129.0% in the 1st quarter. Hodges Capital Management Inc. now owns 154,225 shares of the basic materials company’s stock valued at $9,076,000 after acquiring an additional 86,870 shares in the last quarter. MCF Advisors LLC bought a new position in shares of Cal-Maine Foods in the 1st quarter valued at about $46,000. AlphaMark Advisors LLC bought a new position in Cal-Maine Foods during the first quarter worth about $312,000. Allspring Global Investments Holdings LLC grew its holdings in Cal-Maine Foods by 4.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 45,440 shares of the basic materials company’s stock worth $2,674,000 after purchasing an additional 1,989 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Cal-Maine Foods by 9.4% during the first quarter. Principal Financial Group Inc. now owns 231,487 shares of the basic materials company’s stock worth $13,623,000 after purchasing an additional 19,983 shares during the period. Institutional investors 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.