StockNews.com Downgrades Cal-Maine Foods (NASDAQ:CALM) to Hold

Cal-Maine Foods (NASDAQ:CALM) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Separately, Stephens began coverage on shares of Cal-Maine Foods in a research report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target on the stock.

Cal-Maine Foods Price Performance

Cal-Maine Foods stock opened at $104.75 on Tuesday. The stock’s 50 day moving average is $97.98 and its 200 day moving average is $81.59. Cal-Maine Foods has a one year low of $53.38 and a one year high of $114.06. The firm has a market cap of $5.14 billion, a P/E ratio of 12.00 and a beta of -0.11.

Institutional Investors Weigh In On Cal-Maine Foods

Institutional investors and hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. bought a new stake in Cal-Maine Foods in the third quarter worth approximately $29,000. Hexagon Capital Partners LLC increased its stake in shares of Cal-Maine Foods by 57.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 155 shares in the last quarter. Krane Funds Advisors LLC bought a new stake in shares of Cal-Maine Foods in the 3rd quarter valued at $33,000. Quarry LP lifted its position in shares of Cal-Maine Foods by 1,975.0% during the 2nd quarter. Quarry LP now owns 581 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 553 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Cal-Maine Foods in the second quarter worth $47,000. Institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Company 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.