Stephens Inc. AR Takes $1.38 Million Position in Cal-Maine Foods, Inc. $CALM

Stephens Inc. AR purchased a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 17,477 shares of the basic materials company’s stock, valued at approximately $1,383,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Cal-Maine Foods by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,401 shares of the basic materials company’s stock valued at $2,218,000 after buying an additional 1,057 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Cal-Maine Foods by 100.8% during the first quarter. NewEdge Advisors LLC now owns 7,985 shares of the basic materials company’s stock worth $726,000 after acquiring an additional 4,009 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Cal-Maine Foods in the first quarter worth about $245,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Cal-Maine Foods by 10.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,422 shares of the basic materials company’s stock worth $7,765,000 after acquiring an additional 7,736 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Cal-Maine Foods by 323.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,087 shares of the basic materials company’s stock worth $108,000 after purchasing an additional 830 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Trading Up 0.3%

Shares of CALM opened at $85.35 on Friday. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 5.95 and a beta of 0.25. The stock has a 50 day moving average of $78.30 and a 200-day moving average of $80.04. Cal-Maine Foods, Inc. has a 52 week low of $71.92 and a 52 week high of $126.40.

Analyst Upgrades and Downgrades

CALM has been the topic of a number of recent analyst reports. Stephens upped their target price on 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. Royal Bank Of Canada set a $100.00 price target on shares of Cal-Maine Foods in a research report on Tuesday, May 26th. Benchmark restated a “buy” rating on shares of Cal-Maine Foods in a research note on Tuesday, May 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cal-Maine Foods in a report on Friday, March 27th. Finally, BMO Capital Markets reduced their price objective on shares of 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 investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $94.17.

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.