Envestnet Asset Management Inc. lifted its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 9.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 164,258 shares of the basic materials company's stock after purchasing an additional 14,070 shares during the period. Envestnet Asset Management Inc. owned approximately 0.33% of Cal-Maine Foods worth $14,931,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in CALM. Financial Management Professionals Inc. purchased a new position in shares of Cal-Maine Foods during the 1st quarter worth approximately $30,000. Blue Trust Inc. grew its stake in shares of Cal-Maine Foods by 388.2% during the 1st quarter. Blue Trust Inc. now owns 620 shares of the basic materials company's stock valued at $56,000 after buying an additional 493 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of Cal-Maine Foods during the 1st quarter worth about $77,000. Harbor Capital Advisors Inc. raised its holdings in 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 during the period. Finally, NBC Securities Inc. increased its position in shares of Cal-Maine Foods by 139,900.0% in the first quarter. NBC Securities Inc. now owns 1,400 shares of the basic materials company's stock worth $127,000 after acquiring an additional 1,399 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have weighed in on CALM shares. BMO Capital Markets raised shares of Cal-Maine Foods to a "hold" rating in a research report on Tuesday, May 6th. Wall Street Zen upgraded Cal-Maine Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 5th. Finally, Stephens boosted their price target on Cal-Maine Foods from $97.00 to $108.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th.
View Our Latest Stock Report on Cal-Maine Foods
Cal-Maine Foods Trading Down 0.8%
CALM stock traded down $0.87 during trading on Friday, hitting $105.94. The company had a trading volume of 712,667 shares, compared to its average volume of 768,244. The business has a 50 day moving average of $98.79 and a 200 day moving average of $97.72. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 5.24 and a beta of 0.17. Cal-Maine Foods, Inc. has a fifty-two week low of $63.37 and a fifty-two week 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.
Further Reading
Before you consider Cal-Maine Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cal-Maine Foods wasn't on the list.
While Cal-Maine Foods currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
