Cal-Maine Foods (CALM) : The consensus on Cal-Maine Foods (CALM) based on 2 analyst recommendation on the company stock is 4, which is interpreted as a Sell recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Also, Equity analysts at the Brokerage firm BB&T Capital upgrades its rating on Cal-Maine Foods (NASDAQ:CALM). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Underweight by the brokerage firm. The rating by the firm was issued on June 16, 2016.
Cal-Maine Foods (NASDAQ:CALM): The stock opened in the green at $42.82 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $42.98 and a low of $42.2 for the day. The stock did not find buyers even at the lows and closed at $42.43 recording a loss of -0.91%. 478,392 shares exchanged hands during the trading day. The stock had closed at $42.82 in the previous days trading.
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.