Cal-Maine Foods (CALM) Stock Rating Upgraded by Cleveland Research

Cal-Maine Foods (NASDAQ:CALM) was upgraded by equities research analysts at Cleveland Research from a “sell” rating to a “neutral” rating in a report issued on Saturday.

A number of other equities analysts also recently commented on the stock. Zacks Investment Research raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Friday, November 17th. Stephens raised shares of Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $35.00 to $50.00 in a report on Tuesday, October 3rd. Finally, BidaskClub downgraded shares of Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Cal-Maine Foods has a consensus rating of “Hold” and an average target price of $39.00.

Shares of Cal-Maine Foods (NASDAQ:CALM) opened at $44.45 on Friday. Cal-Maine Foods has a 1 year low of $33.40 and a 1 year high of $50.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.14 and a current ratio of 6.67. The firm has a market cap of $2,156.60, a P/E ratio of -36.14 and a beta of 0.77.

A number of institutional investors have recently added to or reduced their stakes in CALM. Schwab Charles Investment Management Inc. boosted its holdings in Cal-Maine Foods by 22.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 226,366 shares of the basic materials company’s stock worth $8,965,000 after purchasing an additional 42,128 shares during the period. Rhumbline Advisers boosted its holdings in shares of Cal-Maine Foods by 1.4% during the second quarter. Rhumbline Advisers now owns 63,031 shares of the basic materials company’s stock valued at $2,496,000 after acquiring an additional 873 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Cal-Maine Foods by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 389,780 shares of the basic materials company’s stock valued at $15,435,000 after acquiring an additional 9,481 shares during the period. Legal & General Group Plc boosted its holdings in shares of Cal-Maine Foods by 8.8% during the second quarter. Legal & General Group Plc now owns 57,945 shares of the basic materials company’s stock valued at $2,293,000 after acquiring an additional 4,683 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Cal-Maine Foods by 19.1% during the second quarter. BNP Paribas Arbitrage SA now owns 10,205 shares of the basic materials company’s stock valued at $404,000 after acquiring an additional 1,639 shares during the period. 62.97% of the stock is owned by hedge funds and other institutional investors.

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Cal-Maine Foods Company Profile

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.