Cal-Maine Foods (NASDAQ:CALM) Price Target Raised to $108.00 at Stephens

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) had its price objective hoisted by stock analysts at Stephens from $97.00 to $108.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the basic materials company's stock. Stephens' price target suggests a potential upside of 2.42% from the stock's previous close.

Other research analysts also recently issued reports about the company. Wall Street Zen upgraded Cal-Maine Foods from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th. BMO Capital Markets upgraded Cal-Maine Foods to a "hold" rating in a research note on Tuesday, May 6th.

Cal-Maine Foods Price Performance

Shares of CALM stock traded down $1.36 during midday trading on Tuesday, hitting $105.45. The company had a trading volume of 401,096 shares, compared to its average volume of 764,769. The company's 50 day simple moving average is $98.50 and its 200 day simple moving average is $97.74. Cal-Maine Foods has a 52-week low of $63.37 and a 52-week high of $116.41. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 5.21 and a beta of 0.17.

Institutional Trading of Cal-Maine Foods

Institutional investors have recently modified their holdings of the business. Financial Management Professionals Inc. purchased a new stake in shares of Cal-Maine Foods in the first quarter valued at approximately $30,000. Investment Management Corp VA ADV boosted its stake in shares of Cal-Maine Foods by 172.2% in the first quarter. Investment Management Corp VA ADV now owns 392 shares of the basic materials company's stock valued at $36,000 after buying an additional 248 shares in the last quarter. AdvisorNet Financial Inc purchased a new stake in shares of Cal-Maine Foods in the second quarter valued at approximately $54,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Cal-Maine Foods in the first quarter valued at approximately $52,000. Finally, Blue Trust Inc. boosted its stake in shares of Cal-Maine Foods by 388.2% in the first 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 in the last quarter. 84.67% of the stock is currently owned by hedge funds and other 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.