Stephens Begins Coverage on Cal-Maine Foods (CALM)

Research analysts at Stephens assumed coverage on shares of Cal-Maine Foods (NASDAQ:CALM) in a report released on Monday, The Fly reports. The firm set an “equal weight” rating on the basic materials company’s stock.

CALM has been the subject of a number of other research reports. ValuEngine raised Cal-Maine Foods from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 6th. BidaskClub lowered Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 27th. Vertical Group lowered Cal-Maine Foods from a “hold” rating to a “sell” rating in a research note on Thursday, December 6th. Finally, TheStreet lowered Cal-Maine Foods from a “b-” rating to a “c+” rating in a research note on Friday, December 28th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $54.50.

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Shares of NASDAQ CALM traded down $0.28 during mid-day trading on Monday, hitting $44.01. The company had a trading volume of 8,895 shares, compared to its average volume of 268,883. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 15.50 and a beta of 0.32. Cal-Maine Foods has a 12 month low of $40.63 and a 12 month high of $52.30.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Friday, January 4th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $356.00 million for the quarter, compared to analyst estimates of $362.73 million. Cal-Maine Foods had a net margin of 12.84% and a return on equity of 17.78%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share.

Institutional investors have recently bought and sold shares of the company. Karp Capital Management Corp bought a new stake in Cal-Maine Foods in the fourth quarter valued at $25,000. Meeder Asset Management Inc. increased its position in shares of Cal-Maine Foods by 67.3% during the fourth quarter. Meeder Asset Management Inc. now owns 994 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 400 shares in the last quarter. Intercontinental Wealth Advisors LLC bought a new stake in shares of Cal-Maine Foods during the fourth quarter worth about $77,000. O Shaughnessy Asset Management LLC increased its position in shares of Cal-Maine Foods by 25.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,444 shares of the basic materials company’s stock worth $103,000 after acquiring an additional 502 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Cal-Maine Foods by 52.4% during the fourth quarter. Advisors Asset Management Inc. now owns 2,612 shares of the basic materials company’s stock worth $110,000 after acquiring an additional 898 shares in the last quarter. Institutional investors own 64.06% of the company’s stock.

Cal-Maine Foods Company Profile

Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.

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