Cal-Maine Foods, Inc. (NASDAQ:CALM) Receives Average Rating of “Hold” from Analysts

Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) have earned an average rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $94.2857.

CALM has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cal-Maine Foods in a research note on Wednesday, July 8th. BMO Capital Markets cut their target price on shares of Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating for the company in a report on Wednesday, March 25th. Wells Fargo & Company set a $100.00 price target on shares of Cal-Maine Foods in a research report on Monday, July 13th. Stephens decreased their price target on shares of Cal-Maine Foods from $90.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 14th. Finally, Benchmark reissued a “buy” rating on shares of Cal-Maine Foods in a research note on Monday, July 13th.

Cal-Maine Foods Trading Down 0.1%

Shares of Cal-Maine Foods stock opened at $88.42 on Tuesday. The stock has a 50 day moving average of $79.76 and a 200 day moving average of $80.24. Cal-Maine Foods has a 12 month low of $71.92 and a 12 month high of $126.40. The firm has a market cap of $4.19 billion, a PE ratio of 6.16 and a beta of 0.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in Cal-Maine Foods by 13.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,519,483 shares of the basic materials company’s stock worth $199,416,000 after acquiring an additional 300,910 shares during the last quarter. State Street Corp boosted its holdings in shares of Cal-Maine Foods by 6.8% in the 2nd quarter. State Street Corp now owns 1,716,731 shares of the basic materials company’s stock worth $171,038,000 after purchasing an additional 108,578 shares during the period. First Trust Advisors LP increased its position in shares of Cal-Maine Foods by 29.7% during the 1st quarter. First Trust Advisors LP now owns 1,552,297 shares of the basic materials company’s stock valued at $122,864,000 after purchasing an additional 355,762 shares during the last quarter. Morgan Stanley increased its position in shares of Cal-Maine Foods by 9.4% during the 4th quarter. Morgan Stanley now owns 978,163 shares of the basic materials company’s stock valued at $77,832,000 after purchasing an additional 84,124 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Cal-Maine Foods by 8.4% during the 3rd quarter. Northern Trust Corp now owns 900,466 shares of the basic materials company’s stock valued at $84,734,000 after buying an additional 70,063 shares during the period. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Company Profile

Cal-Maine Foods, Inc, together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.