Cal-Maine Foods, Inc. (NASDAQ:CALM) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

A number of other equities research analysts also recently weighed in on CALM. Zacks Investment Research lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, March 15th. DA Davidson restated a “buy” rating and set a $35.00 price target (down previously from $37.00) on shares of Cal-Maine Foods in a report on Wednesday, March 22nd. Goldman Sachs Group, Inc. (The) cut their price target on shares of Cal-Maine Foods from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, March 27th. Cleveland Research lowered shares of Cal-Maine Foods from a “neutral” rating to an “underperform” rating and set a $30.00 price target on the stock. in a report on Tuesday, May 30th. Finally, ValuEngine upgraded shares of Cal-Maine Foods from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Five investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $36.70.

Shares of Cal-Maine Foods (NASDAQ CALM) traded up 0.52% during trading on Friday, reaching $38.50. The company’s stock had a trading volume of 201,460 shares. Cal-Maine Foods has a 12-month low of $35.10 and a 12-month high of $46.71. The company has a 50 day moving average of $38.60 and a 200-day moving average of $39.54. The stock’s market cap is $1.87 billion.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Advisors LLC raised its position in shares of Cal-Maine Foods by 188.1% in the fourth quarter. BlackRock Advisors LLC now owns 94,819 shares of the basic materials company’s stock valued at $4,394,000 after buying an additional 61,910 shares during the period. State Treasurer State of Michigan bought a new stake in shares of Cal-Maine Foods during the fourth quarter valued at approximately $20,390,000. State of Tennessee Treasury Department bought a new stake in shares of Cal-Maine Foods during the fourth quarter valued at approximately $1,121,000. Hancock Holding Co. increased its stake in shares of Cal-Maine Foods by 0.5% in the third quarter. Hancock Holding Co. now owns 227,184 shares of the basic materials company’s stock valued at $8,756,000 after buying an additional 1,027 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in shares of Cal-Maine Foods by 95.6% in the third quarter. Neuberger Berman Group LLC now owns 1,588,857 shares of the basic materials company’s stock valued at $61,235,000 after buying an additional 776,556 shares during the period. 61.84% of the stock is currently owned by institutional investors.

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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