In a report released today, Adam Samuelson from Goldman Sachs maintained a Sell rating on Cal-Maine Foods (CALM – Research Report), with a price target of $40.00. The company’s shares closed today at $44.75.
According to TipRanks, Samuelson is a 4-star analyst with an average return of 8.2% and a 47.42% success rate. Samuelson covers the Consumer Defensive sector, focusing on stocks such as Darling Ingredients, Tyson Foods, and Cal-Maine Foods.
Currently, the analyst consensus on Cal-Maine Foods is a Moderate Sell with an average price target of $45.00.
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Based on Cal-Maine Foods’ latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $997.49 million and a net profit of $323.22 million. In comparison, last year the company earned a revenue of $477.49 million and had a net profit of $39.52 million
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Cal-Maine Foods, Inc. engages in the production, grading, packing, marketing, and distribution of fresh shell eggs. The firm operates farms, processing plants, hatcheries, feed mills, warehouses, offices and other properties. It markets shell eggs to national and regional grocery store chains, club stores, foodservice distributors, and egg product manufacturers. The company was founded by Fred R. Adams Jr. in 1957 and is headquartered in Jackson, MS.
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