Cleveland Research upgraded shares of Cal-Maine Foods (NASDAQ:CALM) from a sell rating to a neutral rating in a report released on Saturday morning.
CALM has been the subject of several other research reports. Zacks Investment Research upgraded shares of Cal-Maine Foods from a hold rating to a buy rating and set a $49.00 target price for the company in a research report on Wednesday, December 20th. BidaskClub cut shares of Cal-Maine Foods from a strong-buy rating to a buy rating in a research report on Saturday, December 9th. Finally, Stephens upgraded shares of Cal-Maine Foods from an equal weight rating to an overweight rating and upped their target price for the company from $35.00 to $50.00 in a research report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $39.00.
Shares of Cal-Maine Foods (CALM) opened at $44.45 on Friday. The company has a market cap of $2,159.03, a price-to-earnings ratio of -36.14 and a beta of 0.77. Cal-Maine Foods has a 1 year low of $33.40 and a 1 year high of $50.40. The company has a current ratio of 6.67, a quick ratio of 4.14 and a debt-to-equity ratio of 0.01.
Institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio raised its position in shares of Cal-Maine Foods by 22.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,161 shares of the basic materials company’s stock valued at $125,000 after acquiring an additional 590 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Cal-Maine Foods in the 3rd quarter valued at $127,000. PNC Financial Services Group Inc. increased its position in shares of Cal-Maine Foods by 48.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,423 shares of the basic materials company’s stock valued at $135,000 after buying an additional 1,111 shares in the last quarter. Sei Investments Co. increased its position in shares of Cal-Maine Foods by 42.4% in the 3rd quarter. Sei Investments Co. now owns 3,882 shares of the basic materials company’s stock valued at $160,000 after buying an additional 1,156 shares in the last quarter. Finally, Aviance Capital Management LLC bought a new stake in shares of Cal-Maine Foods in the 2nd quarter valued at $191,000. Institutional investors own 62.97% of the company’s stock.
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About Cal-Maine Foods
Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It offers shell eggs, including specialty and non-specialty eggs. It classifies cage free, organic and brown eggs as specialty products.
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