Cal-Maine Foods (NASDAQ:CALM - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Wednesday.
Separately, Stephens started coverage on shares of Cal-Maine Foods in a report on Thursday, October 3rd. They issued an "equal weight" rating and a $82.00 target price for the company.
Check Out Our Latest Stock Report on CALM
Cal-Maine Foods Stock Performance
CALM traded up $2.54 during midday trading on Wednesday, reaching $112.51. 944,706 shares of the company were exchanged, compared to its average volume of 912,854. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 12.89 and a beta of -0.11. Cal-Maine Foods has a one year low of $53.38 and a one year high of $114.06. The company's fifty day moving average price is $100.02 and its 200 day moving average price is $83.49.
Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.42. Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The business had revenue of $954.70 million during the quarter, compared to the consensus estimate of $751.50 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. Cal-Maine Foods's revenue was up 82.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cal-Maine Foods will post 8.54 earnings per share for the current fiscal year.
Institutional Trading of Cal-Maine Foods
A number of hedge funds have recently bought and sold shares of the business. Harbor Capital Advisors Inc. purchased a new stake in shares of Cal-Maine Foods during the 3rd quarter valued at $29,000. Hexagon Capital Partners LLC grew its holdings in Cal-Maine Foods by 57.0% during the third quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 155 shares during the period. Krane Funds Advisors LLC purchased a new stake in Cal-Maine Foods in the third quarter worth $33,000. Quarry LP raised its stake in shares of Cal-Maine Foods by 1,975.0% in the second quarter. Quarry LP now owns 581 shares of the basic materials company's stock valued at $36,000 after buying an additional 553 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Cal-Maine Foods by 62.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,101 shares of the basic materials company's stock valued at $82,000 after buying an additional 425 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.
About Cal-Maine Foods
(
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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.
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