Arizona State Retirement System Has $1.10 Million Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Arizona State Retirement System cut its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALMFree Report) by 1.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,042 shares of the basic materials company’s stock after selling 141 shares during the period. Arizona State Retirement System’s holdings in Cal-Maine Foods were worth $1,095,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CALM. Financial Management Professionals Inc. bought a new stake in shares of Cal-Maine Foods during the 1st quarter worth approximately $30,000. Blue Trust Inc. boosted its stake in Cal-Maine Foods by 388.2% during the first quarter. Blue Trust Inc. now owns 620 shares of the basic materials company’s stock worth $56,000 after acquiring an additional 493 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Cal-Maine Foods in the first quarter valued at $77,000. Harbor Capital Advisors Inc. lifted its stake in shares of Cal-Maine Foods by 126.0% in the first quarter. Harbor Capital Advisors Inc. now owns 920 shares of the basic materials company’s stock valued at $84,000 after buying an additional 513 shares in the last quarter. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of Cal-Maine Foods in the fourth quarter valued at about $144,000. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on CALM. BMO Capital Markets raised shares of Cal-Maine Foods to a “hold” rating in a research note on Tuesday, May 6th. Stephens upped their price target on shares of Cal-Maine Foods from $97.00 to $108.00 and gave the company an “equal weight” rating in a report on Tuesday, July 15th. Finally, 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.

Get Our Latest Analysis on CALM

Cal-Maine Foods Price Performance

Shares of CALM stock opened at $105.94 on Friday. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 5.24 and a beta of 0.17. The stock has a 50 day simple moving average of $98.79 and a 200-day simple moving average of $97.72. Cal-Maine Foods, Inc. has a 1-year low of $63.37 and a 1-year high of $116.41.

About Cal-Maine Foods

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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