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

Cal-Maine Foods (NASDAQ:CALM)‘s stock had its “equal weight” rating restated by investment analysts at Stephens in a research note issued to investors on Thursday,Benzinga reports. They presently have a $97.00 price objective on the basic materials company’s stock. Stephens’ price target points to a potential upside of 17.60% from the company’s current price.

Separately, StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th.

Cal-Maine Foods Stock Down 2.0 %

Shares of Cal-Maine Foods stock opened at $82.48 on Thursday. The stock’s fifty day moving average is $103.39 and its 200-day moving average is $92.38. The firm has a market capitalization of $4.04 billion, a PE ratio of 6.40 and a beta of -0.12. Cal-Maine Foods has a 12-month low of $55.00 and a 12-month high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last announced its earnings results 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 for the quarter, compared to analyst estimates of $751.50 million. During the same period in the previous year, the firm earned $0.35 earnings per share. Cal-Maine Foods’s revenue for the quarter was up 82.5% compared to the same quarter last year. Analysts expect that Cal-Maine Foods will post 15.59 EPS for the current year.

Insider Activity

In other news, Director Letitia Callender Hughes sold 809 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total transaction of $88,965.73. Following the transaction, the director now owns 42,761 shares of the company’s stock, valued at approximately $4,702,427.17. This represents a 1.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 13.45% of the stock is currently owned by insiders.

Institutional Trading of Cal-Maine Foods

Hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC boosted its stake in Cal-Maine Foods by 350.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock valued at $148,000 after purchasing an additional 1,118 shares during the period. Vest Financial LLC lifted its position in shares of Cal-Maine Foods by 17.2% in the 4th quarter. Vest Financial LLC now owns 23,553 shares of the basic materials company’s stock worth $2,424,000 after acquiring an additional 3,449 shares during the period. Neo Ivy Capital Management bought a new stake in shares of Cal-Maine Foods in the 3rd quarter worth approximately $788,000. Asset Management One Co. Ltd. lifted its position in shares of Cal-Maine Foods by 1,061.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 32,924 shares of the basic materials company’s stock worth $3,330,000 after acquiring an additional 30,089 shares during the period. Finally, Inspire Investing LLC lifted its position in shares of Cal-Maine Foods by 112.4% in the 4th quarter. Inspire Investing LLC now owns 11,805 shares of the basic materials company’s stock worth $1,215,000 after acquiring an additional 6,247 shares during the period. Institutional investors own 84.67% of the company’s stock.

About Cal-Maine Foods

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.