Cal-Maine Foods (NASDAQ:CALM) Earning Somewhat Positive News Coverage, Accern Reports

Lester Mason
January 14, 2018

The basic materials company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.15), reports.

Cal-maine Foods Incorporated (NASDAQ:CALM) had a decrease of 7.79% in short interest. About 333,145 shares traded or 16.86% up from the average.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Friday, January 5th. It has underperformed by 31.64% the S&P500.

Southeast Asset Advisors Inc increased its stake in Perkinelmer Inc (PKI) by 63.97% based on its latest 2017Q3 regulatory filing with the SEC. Brown Advisory Securities Llc acquired 5,287 shares as Mccormick & Co Inc (MKC)'s stock rose 3.48%. Evercore Wealth Limited Liability Company invested in 0% or 600 shares. The company has market cap of $2.15 billion. The stock decreased 0.11% or $0.05 during the last trading session, reaching $43.75. Keating Investment Counselors Inc owns 151,865 shares or 2.71% of their U.S. portfolio. It also increased its holding in Amazon Com Inc (NASDAQ:AMZN) by 136,137 shares in the quarter, for a total of 138,137 shares, and has risen its stake in Ishares Tr (Put) (EEM).

Investors sentiment increased to 1.03 in 2017 Q3. Its down 0.30, from 1.36 in 2017Q2. It is positive, as 23 investors sold CALM shares while 52 reduced holdings. 49 funds opened positions while 107 raised stakes. Walleye Trading Llc reported 0% stake. Primecap Mngmt Ca owns 339,000 shares for 0.02% of their portfolio. Moreover, Texas Cap Commercial Bank Tx has 0.52% invested in Pepsico, Inc. The shares went up by 0.66% in value last month. Amp Ltd holds 254,972 shares. Piermont Incorporated accumulated 8,150 shares. Pub Employees Retirement System Of Ohio reported 0% of its portfolio in Cal-Maine Foods, Inc. (NASDAQ:TMUS). Nomura Asset Management Ltd reported 50,903 shares. State Street Corporation invested in 54,495 shares or 0% of the stock. Thrivent Fin For Lutherans, Minnesota-based fund reported 267,294 shares. Geode Management Limited invested in 0% or 279,506 shares. In the last ninety days, insiders have sold 5,497 shares of company stock worth $234,856. 6,885 were reported by Allen Mgmt Ltd Liability Company.

Analysts await Pepsico, Inc. (NASDAQ:TMUS) to report earnings on February, 13. During the same period in the prior year, the business earned ($0.48) earnings per share. PEP's profit will be $1.85 billion for 22.59 P/E if the $1.30 EPS becomes a reality. The business's revenue for the quarter was down 53.6% compared to the same quarter past year.

Several equities analysts have commented on the stock. DA Davidson downgraded Cal-Maine Foods, Inc. (NYSE:PKI) has "Buy" rating given on Wednesday, August 26 by Cantor Fitzgerald. As per Monday, October 5, the company rating was downgraded by BB&T Capital. As per Monday, August 29, the company rating was upgraded by Wells Fargo. On Thursday, November 10 the stock rating was initiated by Goldman Sachs with "Neutral". Pacific Crest maintained the shares of TMUS in report on Wednesday, August 19 with "Positive" rating. UBS maintained the shares of TMUS in report on Monday, November 6 with "Buy" rating. The firm has "Buy" rating by DA Davidson given on Wednesday, December 2.

Cal-Maine Foods, maintained at an average hold rating by 6 stock analysts, and there are at least 17.87% of shares outstanding that are now legally short sold. Therefore 33% are positive. BidaskClub raised shares of Cal-Maine Foods from a "sell" rating to a "hold" rating in a research note on Thursday. They issued a "neutral" rating and a $37.00 price target for the company. The stock now has an average rating of "Hold" and a consensus target price of $39.00. The rating was upgraded by BB&T Capital on Thursday, June 16 to "Hold". The stock has "Sell" rating by Goldman Sachs on Friday, June 16. Jefferies maintained it with "Buy" rating and $133.0 target in Tuesday, August 15 report. The rating was downgraded by DA Davidson on Monday, May 9 to "Underperform".

Cal-Maine Foods, Inc. has a 12-month low of $35.65 and a 12-month high of $55.43. As per Tuesday, October 3, the company rating was upgraded by Stephens. The firm has "Outperform" rating by Bernstein given on Wednesday, March 30. Zacks Investment Research cut Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, December 12th.

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