Cal-Maine Foods (NASDAQ:CALM – Free Report) had its price objective hoisted by The Goldman Sachs Group from $47.00 to $52.00 in a research report released on Wednesday morning, Benzinga reports. The Goldman Sachs Group currently has a sell rating on the basic materials company’s stock.
Separately, Stephens reissued an equal weight rating and set a $65.00 target price on shares of Cal-Maine Foods in a report on Wednesday, April 3rd.
View Our Latest Report on Cal-Maine Foods
Cal-Maine Foods Trading Down 0.3 %
Institutional Investors Weigh In On Cal-Maine Foods
A number of hedge funds have recently modified their holdings of CALM. Vanguard Group Inc. grew its stake in Cal-Maine Foods by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 4,795,570 shares of the basic materials company’s stock valued at $282,219,000 after acquiring an additional 23,915 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Cal-Maine Foods by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,438,248 shares of the basic materials company’s stock valued at $139,932,000 after purchasing an additional 92,588 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Cal-Maine Foods by 66.3% in the fourth quarter. Pacer Advisors Inc. now owns 2,375,311 shares of the basic materials company’s stock valued at $136,319,000 after purchasing an additional 947,115 shares during the last quarter. Nuance Investments LLC increased its holdings in shares of Cal-Maine Foods by 13.0% in the fourth quarter. Nuance Investments LLC now owns 1,771,205 shares of the basic materials company’s stock valued at $101,649,000 after purchasing an additional 203,771 shares during the last quarter. Finally, Wasatch Advisors LP purchased a new position in Cal-Maine Foods during the fourth quarter worth approximately $47,771,000. 84.67% of the stock is currently owned by institutional investors and hedge funds.
About Cal-Maine Foods
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.
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