Cal-Maine Foods (NASDAQ:CALM) Price Target Raised to $115.00

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) had its target price raised by research analysts at Stephens from $108.00 to $115.00 in a report issued on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the basic materials company's stock. Stephens' price objective would indicate a potential upside of 10.20% from the company's current price.

A number of other analysts also recently issued reports on CALM. BMO Capital Markets lifted their price target on shares of Cal-Maine Foods from $100.00 to $105.00 and gave the company a "market perform" rating in a report on Thursday. Wall Street Zen upgraded shares of Cal-Maine Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th.

Cal-Maine Foods Price Performance

Shares of CALM stock traded down $0.56 on Thursday, hitting $104.36. 1,121,560 shares of the stock traded hands, compared to its average volume of 982,741. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 4.18 and a beta of 0.17. Cal-Maine Foods has a 52 week low of $67.40 and a 52 week high of $126.40. The firm has a 50 day simple moving average of $100.06 and a two-hundred day simple moving average of $97.77.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The basic materials company reported $7.04 EPS for the quarter, beating the consensus estimate of $5.29 by $1.75. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $877.03 million. Cal-Maine Foods had a net margin of 28.63% and a return on equity of 54.81%. The company's revenue was up 72.1% on a year-over-year basis. During the same period last year, the firm earned $2.32 EPS. Sell-side analysts forecast that Cal-Maine Foods will post 15.59 EPS for the current year.

Institutional Trading of Cal-Maine Foods

A number of large investors have recently made changes to their positions in the business. Allianz Asset Management GmbH increased its holdings in shares of Cal-Maine Foods by 25.6% in the 2nd quarter. Allianz Asset Management GmbH now owns 167,924 shares of the basic materials company's stock worth $16,730,000 after buying an additional 34,228 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of Cal-Maine Foods by 1.4% in the 2nd quarter. New York State Teachers Retirement System now owns 51,712 shares of the basic materials company's stock worth $5,152,000 after buying an additional 692 shares during the last quarter. Twin Tree Management LP bought a new stake in shares of Cal-Maine Foods in the 2nd quarter worth about $500,000. Bayforest Capital Ltd increased its holdings in shares of Cal-Maine Foods by 79.6% in the 2nd quarter. Bayforest Capital Ltd now owns 10,380 shares of the basic materials company's stock worth $1,034,000 after buying an additional 4,600 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of Cal-Maine Foods by 37.2% in the 2nd quarter. TD Asset Management Inc now owns 37,600 shares of the basic materials company's stock worth $3,746,000 after buying an additional 10,200 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

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.