Cal-Maine Foods (CALM) : 2 analysts are covering Cal-Maine Foods (CALM) and their average rating on the stock is 4, which is read as a Sell. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Company shares have received an average consensus rating of Hold for the current week
Cal-Maine Foods (NASDAQ:CALM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.68 and $41.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.55, notching a gain of 2.63% for the day. The total traded volume was 814,665 . The stock had closed at $41.46 on the previous day.
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.