Cal-Maine Foods, Inc. (NASDAQ:CALM) Receives $95.00 Average PT from Analysts

Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) have been assigned a consensus recommendation of “Hold” from the five research firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $94.2857.

Several equities research analysts have commented on the company. Royal Bank Of Canada set a $100.00 target price on Cal-Maine Foods in a report on Tuesday, May 26th. Stephens reduced their price target on Cal-Maine Foods from $90.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, July 14th. BMO Capital Markets lowered their price target on Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating for the company in a research report on Wednesday, March 25th. Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a research note on Monday, July 13th. Finally, Wells Fargo & Company set a $100.00 price objective on shares of Cal-Maine Foods in a research report on Monday, July 13th.

Cal-Maine Foods Stock Up 0.3%

Shares of CALM opened at $88.55 on Tuesday. The business’s 50 day moving average price is $79.50 and its 200-day moving average price is $80.20. Cal-Maine Foods has a 52 week low of $71.92 and a 52 week high of $126.40. The stock has a market cap of $4.20 billion, a P/E ratio of 6.17 and a beta of 0.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CALM. Smartleaf Asset Management LLC increased its stake in shares of Cal-Maine Foods by 12.8% in the second quarter. Smartleaf Asset Management LLC now owns 1,022 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 116 shares during the period. Illinois Municipal Retirement Fund boosted its stake in Cal-Maine Foods by 0.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 23,884 shares of the basic materials company’s stock valued at $1,900,000 after purchasing an additional 131 shares during the period. MML Investors Services LLC boosted its stake in Cal-Maine Foods by 1.8% during the 4th quarter. MML Investors Services LLC now owns 7,428 shares of the basic materials company’s stock valued at $591,000 after purchasing an additional 131 shares during the period. CoreCap Advisors LLC grew its holdings in Cal-Maine Foods by 13.5% in the 2nd quarter. CoreCap Advisors LLC now owns 1,153 shares of the basic materials company’s stock valued at $93,000 after buying an additional 137 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in Cal-Maine Foods by 58.2% in the 3rd quarter. IFP Advisors Inc now owns 378 shares of the basic materials company’s stock valued at $37,000 after buying an additional 139 shares during the last quarter. 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.