Cal-Maine Foods (NASDAQ:CALM) : Zacks Investment Research ranks Cal-Maine Foods (NASDAQ:CALM) as 5, which is a Strong Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 3 research analysts is 3.67, which indicates as a Sell.
Cal-Maine Foods (NASDAQ:CALM) : The consensus price target for Cal-Maine Foods (NASDAQ:CALM) is $48 for the short term with a standard deviation of $15.56. The most optimist securities analyst among the 2 who monitor the stock believes that the stock can reach $59, however, the pessimist price target for the company is $37.
Company shares have received an average consensus rating of Hold for the current week
Cal-Maine Foods (NASDAQ:CALM): stock turned positive on Tuesday. Though the stock opened at $42.04, the bulls momentum made the stock top out at $42.96 level for the day. The stock recorded a low of $41.52 and closed the trading day at $41.91, in the green by 0.34%. The total traded volume for the day was 733,947. The stock had closed at $41.77 in the previous days trading.
In an insider trading activity,The director officer 10% owner (Chairman, President & of Cal-Maine Foods Inc, Baker Adolphus B sold 100,000 shares at $51.97 on May 3, 2016. The Insider selling transaction had a total value worth of $5,197,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.