Several other research analysts have also weighed in on the company. Bank of America initiated coverage on Cal-Maine Foods in a report on Wednesday, October 28th. They set a buy rating and a $47.00 target price on the stock. TheStreet downgraded Cal-Maine Foods from a b- rating to a c rating in a research note on Wednesday, September 30th. Zacks Investment Research raised Cal-Maine Foods from a sell rating to a hold rating in a research note on Tuesday. Finally, ValuEngine raised Cal-Maine Foods from a hold rating to a buy rating in a research note on Tuesday, December 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Cal-Maine Foods presently has a consensus rating of Hold and a consensus price target of $45.67.
CALM stock opened at $37.54 on Wednesday. The business’s 50-day moving average price is $38.42 and its two-hundred day moving average price is $40.59. The firm has a market cap of $1.83 billion, a PE ratio of 41.25 and a beta of -0.19. Cal-Maine Foods has a 1-year low of $30.74 and a 1-year high of $46.66.
Several large investors have recently added to or reduced their stakes in the stock. LPL Financial LLC increased its holdings in shares of Cal-Maine Foods by 2.5% during the third quarter. LPL Financial LLC now owns 20,905 shares of the basic materials company’s stock worth $802,000 after buying an additional 513 shares in the last quarter. BlackRock Inc. increased its holdings in Cal-Maine Foods by 12.5% in the third quarter. BlackRock Inc. now owns 5,295,425 shares of the basic materials company’s stock valued at $203,185,000 after purchasing an additional 588,850 shares during the period. Thrivent Financial for Lutherans increased its holdings in Cal-Maine Foods by 21.5% in the third quarter. Thrivent Financial for Lutherans now owns 30,801 shares of the basic materials company’s stock valued at $1,182,000 after purchasing an additional 5,451 shares during the period. Man Group plc acquired a new stake in Cal-Maine Foods in the second quarter valued at $2,382,000. Finally, CIBC Asset Management Inc increased its holdings in Cal-Maine Foods by 13.0% in the third quarter. CIBC Asset Management Inc now owns 5,419 shares of the basic materials company’s stock valued at $208,000 after purchasing an additional 624 shares during the period. 60.63% of the stock is currently owned by institutional investors and hedge funds.
Cal-Maine Foods Company Profile
Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.
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