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

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Thursday.

Separately, Stephens reiterated an "equal weight" rating and issued a $97.00 price target on shares of Cal-Maine Foods in a report on Thursday, March 6th.

Cal-Maine Foods Stock Down 2.0 %

Cal-Maine Foods stock traded down $2.00 during midday trading on Thursday, reaching $96.76. 61,613 shares of the stock traded hands, compared to its average volume of 698,177. The stock has a market cap of $4.74 billion, a P/E ratio of 7.51 and a beta of 0.11. Cal-Maine Foods has a 12 month low of $55.15 and a 12 month high of $116.41. The stock's fifty day moving average is $92.70 and its 200-day moving average is $96.33.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.79 by $4.59. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $953.76 million. During the same period in the prior year, the business posted $3.00 earnings per share. The company's quarterly revenue was up 101.6% compared to the same quarter last year. On average, equities analysts predict that Cal-Maine Foods will post 15.59 EPS for the current fiscal year.

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Hedge Funds Weigh In On Cal-Maine Foods

Several institutional investors have recently made changes to their positions in CALM. FMR LLC grew its stake in Cal-Maine Foods by 716.8% during the 3rd quarter. FMR LLC now owns 29,226 shares of the basic materials company's stock worth $2,187,000 after buying an additional 25,648 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Cal-Maine Foods by 1.3% in the third quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company's stock worth $1,126,000 after buying an additional 188 shares during the last quarter. State Street Corp grew its stake in shares of Cal-Maine Foods by 3.0% during the 3rd quarter. State Street Corp now owns 1,609,388 shares of the basic materials company's stock worth $120,447,000 after purchasing an additional 46,187 shares during the period. MML Investors Services LLC increased its holdings in Cal-Maine Foods by 9.6% in the third quarter. MML Investors Services LLC now owns 4,464 shares of the basic materials company's stock valued at $334,000 after buying an additional 392 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Cal-Maine Foods by 48.3% in the 3rd quarter. Barclays PLC now owns 103,558 shares of the basic materials company's stock valued at $7,749,000 after purchasing an additional 33,731 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company's stock.

About Cal-Maine Foods

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.