Analyst Price Target Update on Cal-Maine Foods (NASDAQ:CALM)

Cal-Maine Foods (NASDAQ:CALM): 2 Analyst have given the stock of Cal-Maine Foods (NASDAQ:CALM) a near short term price target of $52. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $9.9. The higher price target estimate is at $59 while the lower price estimates are fixed at $45.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, DA Davidson, downgrades their rating on the shares of Cal-Maine Foods (NASDAQ:CALM). DA Davidson has a Underperform rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on May 9, 2016. The shares have received a consensus rating of Sell for the current week

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Baker Adolphus B, director officer 10% owner (Chairman, President & of Cal-Maine Foods Inc, had unloaded 100,000 shares at an average price of $51.97 in a transaction dated on May 3, 2016. The total value of the transaction was worth $5,197,000.

Cal-Maine Foods (NASDAQ:CALM) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.54 points or 3.66% at $40.5 with 1,002,360 shares getting traded. Post opening the session at $41.8, the shares hit an intraday low of $40.35 and an intraday high of $41.9 and the price was in this range throughout the day. The company has a market cap of $1,966 million and the number of outstanding shares have been calculated to be 48,536,481 shares. The 52-week high of Cal-Maine Foods (NASDAQ:CALM) is $63.25 and the 52-week low is $40.35.

Cal-Maine Foods, Inc. is a producer and marketer of shell eggs in the United States. The Companys primary business is the production, grading, packaging, marketing and distribution of shell eggs. The Company sells its shell eggs in the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States. The Company markets its shell eggs through its distribution network to a group of customers, including national and regional grocery store chains, club stores, foodservice distributors and egg product consumers. Some of its sales are completed through co-pack agreements. It has a total flock of approximately 33.7 million layers and 8.4 million pullets and breeders. The Company markets its specialty shell eggs under brands, such as Egg-Lands Best, Land O Lakes, Farmhouse and 4-Grain. The Company also produces, markets and distributes private label specialty shell eggs to several customers.

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