QRG Capital Management Inc. Makes New $524,000 Investment in Cal-Maine Foods, Inc. $CALM

QRG Capital Management Inc. purchased a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,623 shares of the basic materials company’s stock, valued at approximately $524,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pinnacle Holdings LLC purchased a new stake in Cal-Maine Foods during the 4th quarter worth about $30,000. WealthCollab LLC raised its stake in Cal-Maine Foods by 105.2% in the 4th quarter. WealthCollab LLC now owns 431 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 221 shares during the last quarter. IFP Advisors Inc lifted its holdings in Cal-Maine Foods by 58.2% in the 3rd quarter. IFP Advisors Inc now owns 378 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 139 shares in the last quarter. Signaturefd LLC lifted its holdings in Cal-Maine Foods by 46.5% in the 4th quarter. Signaturefd LLC now owns 488 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 155 shares in the last quarter. Finally, National Bank of Canada FI purchased a new position in Cal-Maine Foods in the 3rd quarter valued at about $42,000. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CALM. Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a report on Tuesday, May 26th. Royal Bank Of Canada set a $100.00 price objective on shares of Cal-Maine Foods in a research note on Tuesday, May 26th. Stephens raised their target price on shares of Cal-Maine Foods from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cal-Maine Foods in a research note on Wednesday. Finally, BMO Capital Markets cut their price target on Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating for the company in a report on Wednesday, March 25th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $94.17.

Cal-Maine Foods Trading Up 3.5%

NASDAQ CALM opened at $88.34 on Friday. The business’s 50-day moving average price is $78.57 and its 200 day moving average price is $80.09. Cal-Maine Foods, Inc. has a twelve month low of $71.92 and a twelve month high of $126.40. The company has a market capitalization of $4.19 billion, a PE ratio of 6.16 and a beta of 0.25.

Cal-Maine Foods Profile

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.