Cal-Maine Foods (NASDAQ:CALM) Price Target Raised to $108.00

Cal-Maine Foods (NASDAQ:CALM) had its price objective raised by Stephens from $97.00 to $108.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the basic materials company’s stock.

A number of other research firms have also recently weighed in on CALM. BMO Capital Markets upgraded Cal-Maine Foods to a “hold” rating in a report on Tuesday, May 6th. Wall Street Zen raised shares of Cal-Maine Foods from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 5th.

Cal-Maine Foods Stock Performance

Shares of NASDAQ:CALM opened at $106.81 on Tuesday. Cal-Maine Foods has a 1 year low of $63.37 and a 1 year high of $116.41. The stock has a market capitalization of $5.24 billion, a P/E ratio of 5.28 and a beta of 0.17. The stock has a 50-day simple moving average of $98.50 and a 200-day simple moving average of $97.74.

Institutional Trading of Cal-Maine Foods

A number of hedge funds have recently made changes to their positions in CALM. Financial Management Professionals Inc. acquired a new position in Cal-Maine Foods in the first quarter worth $30,000. Investment Management Corp VA ADV boosted its holdings in Cal-Maine Foods by 172.2% in the first quarter. Investment Management Corp VA ADV now owns 392 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 248 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Cal-Maine Foods in the first quarter worth $52,000. AdvisorNet Financial Inc acquired a new stake in Cal-Maine Foods in the second quarter worth $54,000. Finally, Blue Trust Inc. increased its position in Cal-Maine Foods by 388.2% in the first quarter. Blue Trust Inc. now owns 620 shares of the basic materials company’s stock worth $56,000 after buying an additional 493 shares during the period. Institutional investors and hedge funds own 84.67% of the company’s stock.

About Cal-Maine Foods

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.