Cal-Maine Foods (NASDAQ:CALM) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of Cal-Maine Foods (NASDAQ:CALM) from a hold rating to a sell rating in a research report sent to investors on Saturday, BidAskClub reports.

Several other research firms have also recently weighed in on CALM. Zacks Investment Research cut shares of Cal-Maine Foods from a hold rating to a sell rating in a research note on Monday, December 23rd. ValuEngine cut shares of Cal-Maine Foods from a strong-buy rating to a buy rating in a research note on Tuesday, December 24th. Cleveland Research upgraded shares of Cal-Maine Foods from an underperform rating to a neutral rating in a research note on Monday, January 6th. Finally, Stephens set a $45.00 target price on shares of Cal-Maine Foods and gave the company a hold rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $44.00.

NASDAQ CALM opened at $38.25 on Friday. The firm has a 50-day simple moving average of $42.31 and a 200 day simple moving average of $41.52. Cal-Maine Foods has a twelve month low of $36.65 and a twelve month high of $47.00. The stock has a market cap of $1.86 billion, a PE ratio of 32.97 and a beta of 0.41.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Monday, January 6th. The basic materials company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.24). Cal-Maine Foods had a negative net margin of 2.94% and a negative return on equity of 3.40%. The company had revenue of $311.50 million during the quarter, compared to the consensus estimate of $327.90 million. During the same quarter in the previous year, the business posted $0.49 EPS. The firm’s quarterly revenue was down 12.5% on a year-over-year basis. On average, sell-side analysts predict that Cal-Maine Foods will post 0.23 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System increased its holdings in shares of Cal-Maine Foods by 1.0% during the third quarter. California State Teachers Retirement System now owns 48,992 shares of the basic materials company’s stock worth $1,957,000 after buying an additional 483 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Cal-Maine Foods by 2.3% during the second quarter. UBS Asset Management Americas Inc. now owns 30,987 shares of the basic materials company’s stock worth $1,293,000 after buying an additional 683 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Cal-Maine Foods by 7.3% during the third quarter. Nisa Investment Advisors LLC now owns 14,750 shares of the basic materials company’s stock worth $589,000 after buying an additional 1,000 shares in the last quarter. State of Tennessee Treasury Department increased its holdings in shares of Cal-Maine Foods by 8.5% during the third quarter. State of Tennessee Treasury Department now owns 13,163 shares of the basic materials company’s stock worth $526,000 after buying an additional 1,035 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY increased its holdings in shares of Cal-Maine Foods by 13.2% during the third quarter. Metropolitan Life Insurance Co NY now owns 11,124 shares of the basic materials company’s stock worth $444,000 after buying an additional 1,296 shares in the last quarter. Hedge funds and other institutional investors own 67.04% 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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