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

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

Separately, Stephens reaffirmed an “equal weight” rating and set a $97.00 price objective on shares of Cal-Maine Foods in a report on Thursday, March 6th.

Cal-Maine Foods Price Performance

Cal-Maine Foods stock opened at $94.68 on Thursday. Cal-Maine Foods has a one year low of $55.15 and a one year high of $116.41. The company’s fifty day moving average price is $93.03 and its two-hundred day moving average price is $95.83. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 7.37 and a beta of 0.11.

Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, topping the consensus estimate of $5.79 by $4.59. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $953.76 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The company’s revenue for the quarter was up 101.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.00 EPS. As a group, sell-side analysts anticipate that Cal-Maine Foods will post 15.59 earnings per share for the current year.

Insider Buying and Selling at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were 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 in the company, valued at $4,702,427.17. This represents a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 13.45% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Financial Management Professionals Inc. bought a new position in Cal-Maine Foods during the first quarter valued at about $30,000. Future Financial Wealth Managment LLC bought a new stake in shares of Cal-Maine Foods during the first quarter valued at approximately $77,000. Smartleaf Asset Management LLC raised its stake in shares of Cal-Maine Foods by 339.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 797 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in Cal-Maine Foods in the fourth quarter worth $134,000. Finally, GAMMA Investing LLC boosted its stake in Cal-Maine Foods by 24.3% during the fourth quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock worth $141,000 after buying an additional 267 shares in the last quarter. Institutional investors and hedge funds 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.