Cal-Maine Foods, Inc. (NASDAQ:CALM) Given Consensus Rating of “Hold” by Brokerages

Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) have received a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $95.00.

CALM has been the topic of a number of analyst reports. Stephens increased their price target on Cal-Maine Foods from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 18th. BMO Capital Markets dropped their price objective on 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. Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a research report on Monday. Royal Bank Of Canada set a $100.00 target price on Cal-Maine Foods in a report on Tuesday, May 26th. Finally, Wells Fargo & Company set a $100.00 target price on shares of Cal-Maine Foods in a report on Monday.

Cal-Maine Foods Trading Down 5.6%

Shares of CALM opened at $83.41 on Tuesday. Cal-Maine Foods has a 12 month low of $71.92 and a 12 month high of $126.40. The firm’s 50 day moving average is $78.69 and its 200-day moving average is $80.08. The stock has a market capitalization of $3.95 billion, a PE ratio of 5.81 and a beta of 0.25.

Institutional Investors Weigh In On Cal-Maine Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC boosted its holdings in shares of Cal-Maine Foods by 20.1% in the 2nd quarter. Wedge Capital Management L L P NC now owns 29,601 shares of the basic materials company’s stock valued at $2,385,000 after purchasing an additional 4,956 shares in the last quarter. Eldred Rock Partners LLC increased its stake in shares of Cal-Maine Foods by 6.8% in the 2nd quarter. Eldred Rock Partners LLC now owns 132,449 shares of the basic materials company’s stock valued at $10,670,000 after purchasing an additional 8,482 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Cal-Maine Foods by 3.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 43,102 shares of the basic materials company’s stock worth $3,472,000 after buying an additional 1,598 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Cal-Maine Foods by 12.4% during the 2nd quarter. GAMMA Investing LLC now owns 3,249 shares of the basic materials company’s stock worth $262,000 after buying an additional 358 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its position in shares of Cal-Maine Foods by 13.5% during the 2nd quarter. CoreCap Advisors LLC now owns 1,153 shares of the basic materials company’s stock worth $93,000 after buying an additional 137 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

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.