Cal-Maine Foods (NASDAQ:CALM) Hits New 1-Year High – Time to Buy?

Cal-Maine Foods, Inc. (NASDAQ:CALM) hit a new 52-week high during trading on Monday . The stock traded as high as $97.40 and last traded at $97.40, with a volume of 1660 shares. The stock had previously closed at $95.96.

Analyst Ratings Changes

A number of research firms recently commented on CALM. StockNews.com lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Saturday. Stephens began coverage on shares of Cal-Maine Foods in a research note on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 price objective for the company.

Cal-Maine Foods Trading Up 0.1 %

The firm has a market cap of $4.74 billion, a PE ratio of 11.07 and a beta of -0.12. The firm has a fifty day simple moving average of $86.55 and a two-hundred day simple moving average of $72.47.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.30). Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The company had revenue of $785.87 million for the quarter, compared to analysts’ expectations of $704.65 million. During the same period in the previous year, the firm posted $0.02 earnings per share. The firm’s revenue for the quarter was up 71.1% compared to the same quarter last year. Equities analysts expect that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current fiscal year.

Institutional Trading of Cal-Maine Foods

Several institutional investors and hedge funds have recently bought and sold shares of CALM. SG Americas Securities LLC grew its holdings in shares of Cal-Maine Foods by 362.8% during the 2nd quarter. SG Americas Securities LLC now owns 15,801 shares of the basic materials company’s stock worth $966,000 after acquiring an additional 12,387 shares during the period. Janus Henderson Group PLC raised its holdings in Cal-Maine Foods by 162.0% in the first quarter. Janus Henderson Group PLC now owns 62,572 shares of the basic materials company’s stock worth $3,681,000 after purchasing an additional 38,693 shares in the last quarter. Vanguard Group Inc. raised its holdings in Cal-Maine Foods by 0.5% in the first quarter. Vanguard Group Inc. now owns 4,795,570 shares of the basic materials company’s stock worth $282,219,000 after purchasing an additional 23,915 shares in the last quarter. AE Wealth Management LLC lifted its position in Cal-Maine Foods by 267.4% during the second quarter. AE Wealth Management LLC now owns 17,747 shares of the basic materials company’s stock valued at $1,085,000 after buying an additional 12,917 shares during the period. Finally, Main Street Financial Solutions LLC boosted its holdings in shares of Cal-Maine Foods by 47.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 28,343 shares of the basic materials company’s stock valued at $1,732,000 after buying an additional 9,145 shares in the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

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.