Cal-Maine (CALM) Sets New 1-Year High and Low at $51.20

Cal-Maine (NASDAQ:CALM)’s share price hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $51.20 and last traded at $50.50, with a volume of 3115 shares. The stock had previously closed at $50.65.

CALM has been the subject of several research reports. BidaskClub raised Cal-Maine from a “hold” rating to a “buy” rating in a report on Tuesday, March 27th. Stephens lifted their price objective on Cal-Maine from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, April 3rd. Zacks Investment Research raised Cal-Maine from a “hold” rating to a “strong-buy” rating and set a $48.00 price objective for the company in a report on Thursday, February 15th. TheStreet raised Cal-Maine from a “c” rating to a “b” rating in a report on Monday, April 2nd. Finally, ValuEngine raised Cal-Maine from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $46.67.

The firm has a market capitalization of $2.42 billion, a PE ratio of -32.89 and a beta of 0.59.



Cal-Maine (NASDAQ:CALM) last issued its quarterly earnings data on Monday, April 2nd. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.01. The firm had revenue of $435.80 million during the quarter, compared to analysts’ expectations of $404.33 million. Cal-Maine had a return on equity of 5.62% and a net margin of 2.23%. Cal-Maine’s revenue was up 42.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. analysts predict that Cal-Maine will post 2.95 EPS for the current fiscal year.

In other Cal-Maine news, VP Charles Jeff Hardin sold 2,036 shares of the firm’s stock in a transaction on Friday, April 6th. The stock was sold at an average price of $47.39, for a total transaction of $96,486.04. Following the completion of the transaction, the vice president now owns 3,800 shares of the company’s stock, valued at $180,082. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 33.22% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its position in Cal-Maine by 2.4% during the first quarter. Principal Financial Group Inc. now owns 228,144 shares of the basic materials company’s stock worth $9,970,000 after buying an additional 5,405 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new position in Cal-Maine during the first quarter worth $264,000. Legal & General Group Plc increased its position in Cal-Maine by 1.9% during the first quarter. Legal & General Group Plc now owns 61,015 shares of the basic materials company’s stock worth $2,706,000 after buying an additional 1,114 shares in the last quarter. Robecosam AG increased its position in Cal-Maine by 1.6% during the first quarter. Robecosam AG now owns 202,812 shares of the basic materials company’s stock worth $8,863,000 after buying an additional 3,200 shares in the last quarter. Finally, Millennium Management LLC increased its position in Cal-Maine by 98.5% during the first quarter. Millennium Management LLC now owns 335,694 shares of the basic materials company’s stock worth $14,670,000 after buying an additional 166,574 shares in the last quarter. 56.89% of the stock is owned by institutional investors.

Cal-Maine Company Profile

Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. It 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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