Cal-Maine Foods Inc (NASDAQ:CALM) – Equities research analysts at DA Davidson dropped their Q1 2018 earnings estimates for Cal-Maine Foods in a report issued on Wednesday. DA Davidson analyst E. Gottlieb now anticipates that the firm will earn $0.30 per share for the quarter, down from their prior estimate of $0.32. DA Davidson has a “Buy” rating and a $35.00 price objective on the stock.
Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Thursday, December 22nd. The company reported ($0.48) EPS for the quarter, hitting the consensus estimate of ($0.48). The company earned $253.50 million during the quarter. Cal-Maine Foods had a return on equity of 1.10% and a net margin of 0.79%. Cal-Maine Foods’s revenue was down 53.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.26 EPS.
CALM has been the subject of several other research reports. Zacks Investment Research upgraded Cal-Maine Foods from a “sell” rating to a “hold” rating in a research note on Monday, November 28th. Vetr downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating and set a $43.50 price target for the company. in a research note on Tuesday, December 20th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Cal-Maine Foods currently has an average rating of “Hold” and an average price target of $39.88.
Cal-Maine Foods (NASDAQ:CALM) opened at 37.35 on Thursday. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 192.53 and a beta of 0.81. Cal-Maine Foods has a 12 month low of $35.65 and a 12 month high of $55.15. The stock has a 50 day moving average price of $38.51 and a 200 day moving average price of $40.34.
Several institutional investors have recently bought and sold shares of CALM. Baltimore Washington Financial Advisors Inc. boosted its position in Cal-Maine Foods by 2.7% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 118,687 shares of the company’s stock valued at $4,574,000 after buying an additional 3,080 shares in the last quarter. Capstone Asset Management Co. boosted its position in Cal-Maine Foods by 875.3% in the third quarter. Capstone Asset Management Co. now owns 123,136 shares of the company’s stock valued at $4,746,000 after buying an additional 110,510 shares in the last quarter. MSI Financial Services Inc boosted its position in Cal-Maine Foods by 73.5% in the third quarter. MSI Financial Services Inc now owns 5,125 shares of the company’s stock valued at $198,000 after buying an additional 2,171 shares in the last quarter. Adams Asset Advisors LLC acquired a new position in Cal-Maine Foods during the third quarter valued at $648,000. Finally, Breton Hill Capital Ltd. acquired a new position in Cal-Maine Foods during the third quarter valued at $601,000. 56.52% of the stock is owned by institutional investors and hedge funds.
In related news, VP Robert L. Holladay, Jr. sold 2,297 shares of the business’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $42.76, for a total transaction of $98,219.72. Following the completion of the transaction, the vice president now owns 8,993 shares of the company’s stock, valued at approximately $384,540.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Letitia Callender Hughes sold 1,000 shares of the business’s stock in a transaction dated Friday, January 20th. The stock was sold at an average price of $43.51, for a total value of $43,510.00. Following the transaction, the director now directly owns 29,865 shares of the company’s stock, valued at approximately $1,299,426.15. The disclosure for this sale can be found here. Insiders have sold a total of 5,497 shares of company stock valued at $234,856 in the last three months. 33.34% of the stock is owned by insiders.
About Cal-Maine Foods
Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It offers shell eggs, including specialty and non-specialty eggs. It classifies cage free, organic and brown eggs as specialty products.
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