Envestnet Asset Management Inc. Acquires 14,070 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Envestnet Asset Management Inc. grew its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 9.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164,258 shares of the basic materials company’s stock after purchasing an additional 14,070 shares during the period. Envestnet Asset Management Inc. owned approximately 0.33% of Cal-Maine Foods worth $14,931,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in Cal-Maine Foods during the 4th quarter valued at about $1,123,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Cal-Maine Foods by 7.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,741 shares of the basic materials company’s stock worth $797,000 after purchasing an additional 504 shares during the period. HighTower Advisors LLC boosted its position in shares of Cal-Maine Foods by 17.1% during the fourth quarter. HighTower Advisors LLC now owns 11,369 shares of the basic materials company’s stock worth $1,170,000 after acquiring an additional 1,661 shares during the last quarter. Swiss National Bank raised its stake in Cal-Maine Foods by 0.7% during the fourth quarter. Swiss National Bank now owns 82,700 shares of the basic materials company’s stock valued at $8,511,000 after purchasing an additional 600 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in Cal-Maine Foods by 5.2% during the fourth quarter. Natixis Advisors LLC now owns 10,772 shares of the basic materials company’s stock valued at $1,109,000 after purchasing an additional 536 shares in the last quarter. Institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Price Performance

NASDAQ CALM opened at $105.94 on Friday. The firm’s 50-day moving average is $98.79 and its two-hundred day moving average is $97.76. Cal-Maine Foods, Inc. has a 12 month low of $63.37 and a 12 month high of $116.41. The stock has a market capitalization of $5.20 billion, a P/E ratio of 5.24 and a beta of 0.17.

Wall Street Analysts Forecast Growth

CALM has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Cal-Maine Foods from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 5th. Stephens lifted their target price on shares of Cal-Maine Foods from $97.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, BMO Capital Markets upgraded shares of Cal-Maine Foods to a “hold” rating in a research note on Tuesday, May 6th.

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.