Cal-Maine Foods’ (CALM) Equal Weight Rating Reiterated at Stephens

Stephens restated their equal weight rating on shares of Cal-Maine Foods (NASDAQ:CALM) in a report released on Thursday,Benzinga reports. Stephens currently has a $97.00 price target 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 note on Wednesday, January 15th.

Cal-Maine Foods Price Performance

Shares of CALM opened at $90.39 on Thursday. Cal-Maine Foods has a 1 year low of $54.88 and a 1 year high of $116.41. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 7.03 and a beta of -0.12. The business has a 50-day moving average of $103.88 and a 200-day moving average of $91.96.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.05 by $0.42. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The company had revenue of $954.70 million during the quarter, compared to the consensus estimate of $751.50 million. During the same period last year, the company earned $0.35 earnings per share. The firm’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 15.59 EPS for the current year.

Insider Buying and Selling

In other news, Director Letitia Callender Hughes sold 809 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 42,761 shares in the company, valued at $4,702,427.17. The trade was a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 13.45% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cal-Maine Foods

Hedge funds and other institutional investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new stake in shares of Cal-Maine Foods during the third quarter valued at approximately $29,000. Quarry LP increased its holdings in shares of Cal-Maine Foods by 32.5% during the third quarter. Quarry LP now owns 770 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 189 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Cal-Maine Foods by 339.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock valued at $105,000 after acquiring an additional 797 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Cal-Maine Foods during the fourth quarter valued at approximately $134,000. Finally, GAMMA Investing LLC increased its holdings in shares of 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 valued at $141,000 after acquiring an additional 267 shares in the last quarter. Institutional investors 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.