Cal-Maine Foods (NASDAQ: CALM) was upgraded by investment analysts at TheStreet to a “buy” rating in a note issued to investors on Monday.
Separately, analysts at Zacks Investment Research upgraded shares of Cal-Maine Foods from a “neutral” rating to an “outperform” rating in a research note to investors on Saturday.
Cal-Maine Foods, Inc. is a producer and marketer of shell eggs in the United States. During the fiscal year ended May 29, 2010 (fiscal 2010), the Company sold approximately 805 million dozen shell eggs. Its primary business is the production, grading, packaging, marketing and distribution of shell eggs. It sells most of its shell eggs in 29 states, primarily 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 manufacturers. It is also a producer and marketer of specialty shell eggs in the United States. The Company owns 100% of Benton County Foods, LLC. It purchased the remaining 10% ownership interest in Benton County Foods, LLC during fiscal 2010. As of May 29, 2010, the Company owned 100% of Hillandale, LLC.
Shares of Cal-Maine Foods traded up 0.09% during mid-day trading on Monday, hitting $37.295. Cal-Maine Foods has a 52 week low of $27.20 and a 52 week high of $38.00. The stock’s 50-day moving average is $35.87 and its 200-day moving average is $33.29. The company has a market cap of $890.3 million and a P/E ratio of 13.26.