BB&T Capital Upgrades Cal-Maine Foods Inc to Hold

Brokerage firm BB&T Capital Upgrades its rating on Cal-Maine Foods Inc(NASDAQ:CALM). The shares have been rated Hold. Previously, the analysts had a Underweight rating on the shares. The rating by BB&T Capital was issued on Jun 16, 2016.

In a different note, On May 9, 2016, DA Davidson said it Downgrades its rating on Cal-Maine Foods Inc. The shares have been rated ‘Underperform’ by the firm. On Mar 29, 2016, DA Davidson said it Downgrades its rating on Cal-Maine Foods Inc. The shares have been rated ‘Neutral’ by the firm.

Cal-Maine Foods Inc (CALM) made into the market gainers list on Tuesdays trading session with the shares advancing 1.01% or 0.41 points. Due to strong positive momentum, the stock ended at $41.01, which is also near the day’s high of $41.4. The stock began the session at $40.91 and the volume stood at 5,42,490 shares. The 52-week high of the shares is $63.25 and the 52 week low is $39.6. The company has a current market capitalization of $1,990 M and it has 4,85,36,481 shares in outstanding.

Cal-Maine Foods Inc(CALM) last announced its earnings results on Mar 28, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $449.76M. Analysts had an estimated revenue of $470.54M. Earnings per share were $1.33. Analysts had estimated an EPS of $1.06.

Several Insider Transactions has been reported to the SEC. On May 5, 2016, Adolphus B Baker (director officer 10% owner (Chairman, President &) sold 100,000 shares at $51.97 per share price.Also, On Feb 5, 2016, Charles Jeff Hardin (Vice President Marketing) sold 1,481 shares at $48.73 per share price.On Jan 27, 2016, James E Poole (director) sold 2,000 shares at $49.07 per share price, according to the Form-4 filing with the securities and exchange commission.

Cal-Maine Foods Inc. is a producer and marketer of shell eggs in the United States. The Company’s 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-Land’s 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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