Edgestream Partners L.P. Purchases 46,445 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Edgestream Partners L.P. raised its position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 206.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,921 shares of the basic materials company's stock after purchasing an additional 46,445 shares during the quarter. Edgestream Partners L.P. owned about 0.14% of Cal-Maine Foods worth $6,265,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Alps Advisors Inc. lifted its holdings in shares of Cal-Maine Foods by 12.3% in the 1st quarter. Alps Advisors Inc. now owns 97,959 shares of the basic materials company's stock worth $8,904,000 after acquiring an additional 10,691 shares during the last quarter. Banque Pictet & Cie SA purchased a new stake in shares of Cal-Maine Foods in the 1st quarter valued at approximately $436,000. Envestnet Asset Management Inc. increased its position in shares of Cal-Maine Foods by 9.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 164,258 shares of the basic materials company's stock valued at $14,931,000 after purchasing an additional 14,070 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Cal-Maine Foods by 8.7% in the 1st quarter. Bank of New York Mellon Corp now owns 562,810 shares of the basic materials company's stock valued at $51,159,000 after purchasing an additional 45,201 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Cal-Maine Foods by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 226,171 shares of the basic materials company's stock valued at $20,559,000 after purchasing an additional 5,648 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CALM shares. Stephens increased their price objective on shares of Cal-Maine Foods from $97.00 to $108.00 and gave the company an "equal weight" rating in a research report on Tuesday. BMO Capital Markets upgraded shares of Cal-Maine Foods to a "hold" rating in a research note on Tuesday, May 6th. Finally, 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 NASDAQ:CALM traded down $1.25 during midday trading on Friday, reaching $105.56. The company had a trading volume of 338,705 shares, compared to its average volume of 764,488. The stock's fifty day moving average price is $98.50 and its 200-day moving average price is $97.74. The stock has a market capitalization of $5.18 billion, a P/E ratio of 5.22 and a beta of 0.17. Cal-Maine Foods, Inc. has a one year low of $63.37 and a one year high of $116.41.

About Cal-Maine Foods

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.