Cal-Maine Foods, Inc. (NASDAQ:CALM) Given Average Recommendation of "Hold" by Analysts

Key Points

• Consensus: Hold — Five analysts average a "Hold" rating on CALM (four holds, one buy) with a 12‑month price target of $93, and several brokers have recently trimmed targets (BMO to $85) while Weiss downgraded its rating.
• Q results missed expectations: reported EPS $2.13 vs. $2.17 estimate and revenue $769.5M vs. $828.5M, with revenue down 19.4% year‑over‑year; the stock trades at a low P/E of 3.68 and a market cap of about $4.15B.
• Dividend details: Cal‑Maine declared a quarterly dividend of $0.72 (annualized $2.88) for a ~3.3% yield and a payout ratio around 12%.

Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Get Free Report) have received an average rating of "Hold" from the five research firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $93.00.

Several brokerages have issued reports on CALM. BMO Capital Markets decreased their target price on shares of Cal-Maine Foods from $97.00 to $85.00 and set a "market perform" rating for the company in a report on Thursday, January 8th. Stephens set a $85.00 price target on shares of Cal-Maine Foods and gave the company an "equal weight" rating in a report on Thursday, January 8th. Benchmark restated a "buy" rating on shares of Cal-Maine Foods in a report on Tuesday, March 3rd. Finally, Weiss Ratings cut Cal-Maine Foods from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, December 29th.

Cal-Maine Foods Trading Down 0.8%

Cal-Maine Foods stock opened at $87.12 on Wednesday. Cal-Maine Foods has a 12 month low of $71.92 and a 12 month high of $126.40. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 3.68 and a beta of 0.26. The business's fifty day simple moving average is $82.03 and its two-hundred day simple moving average is $89.48.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its quarterly earnings results on Wednesday, January 7th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $769.50 million during the quarter, compared to analysts' expectations of $828.46 million. Cal-Maine Foods had a return on equity of 44.55% and a net margin of 27.37%.Cal-Maine Foods's revenue for the quarter was down 19.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.47 EPS. On average, equities research analysts predict that Cal-Maine Foods will post 15.59 EPS for the current year.

Cal-Maine Foods Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Wednesday, January 28th were issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Wednesday, January 28th. Cal-Maine Foods's dividend payout ratio is presently 12.21%.

Institutional Investors Weigh In On Cal-Maine Foods

Several large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Cal-Maine Foods by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,401 shares of the basic materials company's stock valued at $2,218,000 after acquiring an additional 1,057 shares during the last quarter. NewEdge Advisors LLC lifted its position in Cal-Maine Foods by 100.8% during the first quarter. NewEdge Advisors LLC now owns 7,985 shares of the basic materials company's stock valued at $726,000 after purchasing an additional 4,009 shares during the period. United Services Automobile Association purchased a new stake in Cal-Maine Foods in the first quarter worth approximately $245,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Cal-Maine Foods by 10.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,422 shares of the basic materials company's stock worth $7,765,000 after purchasing an additional 7,736 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Cal-Maine Foods by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 566,145 shares of the basic materials company's stock worth $56,405,000 after purchasing an additional 3,335 shares during the period. 84.67% of the stock is currently owned by institutional investors.

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. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.

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