Cal-Maine Foods Posted Its 3Q16 Results, Stock Rose 8%
Moving averages
As of March 29, 2016, Cal-Maine Foods (CALM) closed at $53.4. It traded 5.3% above its 100-day moving average, 5.9% above it 50-day moving average, and 2.6% above its 20-day moving average. So far, the stock gained 15.2% in 2016. Cal-Maine Foods’ peers in the industry include Pilgrim’s Pride (PPC), Hormel Foods (HRL), and Hain Celestial (HAIN).
Peers
Pilgrim’s Pride closed at $24.97. It traded 12.2% above its 100-day moving average, 7.6 % above its 50-day moving average, and 2.1% above its 20-day moving average. So far, it has risen 13% in 2016. Hormel Foods closed at $44.4. It traded 12% above its 100-day moving average, 6% above its 50-day moving average, and 1.5% above its 20-day moving average. So far, it rose 12% in 2016.
Hain Celestial is trading 5.1%, 10.3%, and 3.7% above its 100-day, 50-day, and 20-day moving averages. So far, it gained 2% in 2016. It closed at $41.25 on March 29. The PowerShares Dynamic Food and Beverage (PBJ) invests 2.9% in Tyson Foods, 2.9% in Hormel, and 2.5% in Cal-Maine. PBJ is trading 1.7% above its 100-day moving average, 3.3% above its 50-day moving average, and 1.01% above its 20-day moving average. It closed at $32.42 on March 29.
Analysts’ estimates
Analysts’ estimates indicate upsides of 3.8% for Cal-Maine Foods, 0.12% for Pilgrim’s Pride, and 12.5% for Hain Celestial from their current level on March 29 for the next 12-month period. Meanwhile, Hormel already beat analysts’ estimates by 2.3% on March 29, respectively.
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