Cal-Maine Foods (NASDAQ:CALM) Receives "Equal Weight" Rating from Stephens

Stephens restated their equal weight rating on shares of Cal-Maine Foods (NASDAQ:CALM - Free Report) in a report published on Thursday morning,Benzinga reports. Stephens currently has a $97.00 price objective on the basic materials company's stock.

Separately, StockNews.com raised Cal-Maine Foods from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th.

Cal-Maine Foods Trading Up 0.1 %

Cal-Maine Foods stock traded up $0.07 during mid-day trading on Thursday, hitting $90.46. The company's stock had a trading volume of 780,174 shares, compared to its average volume of 957,414. The stock's fifty day moving average is $103.88 and its two-hundred day moving average is $92.11. The firm has a market capitalization of $4.44 billion, a PE ratio of 7.04 and a beta of -0.12. Cal-Maine Foods has a 1 year low of $55.00 and a 1 year high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, topping analysts' consensus estimates of $4.05 by $0.42. The business had revenue of $954.70 million during the quarter, compared to analysts' expectations of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The company's revenue was up 82.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 EPS. On average, equities analysts expect that Cal-Maine Foods will post 15.59 EPS for the current fiscal year.

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Insiders Place Their Bets

In related news, Director Letitia Callender Hughes sold 809 shares of the business's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total transaction of $88,965.73. Following the completion of the transaction, the director now directly owns 42,761 shares of the company's stock, valued at $4,702,427.17. The trade was a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 13.45% of the company's stock.

Hedge Funds Weigh In On Cal-Maine Foods

A number of institutional investors and hedge funds have recently made changes to their positions in CALM. Savant Capital LLC raised its holdings in Cal-Maine Foods by 2.5% in the fourth quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company's stock valued at $391,000 after acquiring an additional 92 shares in the last quarter. Evergreen Capital Management LLC increased its stake in Cal-Maine Foods by 1.7% in the fourth quarter. Evergreen Capital Management LLC now owns 5,755 shares of the basic materials company's stock valued at $592,000 after purchasing an additional 97 shares during the last quarter. Two Sigma Securities LLC increased its stake in Cal-Maine Foods by 2.8% in the fourth quarter. Two Sigma Securities LLC now owns 3,894 shares of the basic materials company's stock valued at $401,000 after purchasing an additional 106 shares during the last quarter. Summit Investment Advisors Inc. raised its holdings in Cal-Maine Foods by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,290 shares of the basic materials company's stock worth $442,000 after purchasing an additional 136 shares in the last quarter. Finally, Martingale Asset Management L P boosted its holdings in shares of Cal-Maine Foods by 0.4% in the 3rd quarter. Martingale Asset Management L P now owns 39,321 shares of the basic materials company's stock valued at $2,943,000 after buying an additional 145 shares in the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

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.