Burney Co. Has $1.67 Million Holdings in Cal-Maine Foods, Inc. $CALM

Burney Co. cut its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 70.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,079 shares of the basic materials company’s stock after selling 49,534 shares during the quarter. Burney Co.’s holdings in Cal-Maine Foods were worth $1,668,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CALM. Integrated Advisors Network LLC acquired a new stake in shares of Cal-Maine Foods in the first quarter worth $399,000. Abel Hall LLC acquired a new position in Cal-Maine Foods during the 1st quarter valued at $219,000. DGS Capital Management LLC boosted its holdings in Cal-Maine Foods by 6.7% in the 1st quarter. DGS Capital Management LLC now owns 2,932 shares of the basic materials company’s stock valued at $232,000 after purchasing an additional 183 shares during the period. Stephens Inc. AR bought a new stake in Cal-Maine Foods in the 1st quarter valued at $1,383,000. Finally, QRG Capital Management Inc. acquired a new stake in Cal-Maine Foods in the 1st quarter worth $524,000. 84.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Benchmark reissued a “buy” rating on shares of Cal-Maine Foods in a research note on Tuesday, May 26th. Weiss Ratings restated a “hold (c+)” rating on shares of Cal-Maine Foods in a report on Friday, March 27th. Royal Bank Of Canada set a $100.00 price target on shares of Cal-Maine Foods in a report on Tuesday, May 26th. Stephens upped their target price on shares of Cal-Maine Foods from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 18th. Finally, BMO Capital Markets cut their price target on Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 25th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Cal-Maine Foods has an average rating of “Hold” and a consensus price target of $94.17.

Cal-Maine Foods Stock Down 0.4%

Shares of CALM stock opened at $85.08 on Thursday. The firm has a 50 day moving average price of $78.14 and a two-hundred day moving average price of $80.04. The company has a market capitalization of $4.03 billion, a PE ratio of 5.93 and a beta of 0.25. Cal-Maine Foods, Inc. has a 12-month low of $71.92 and a 12-month high of $126.40.

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. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.