6,623 Shares in Cal-Maine Foods, Inc. $CALM Acquired by QRG Capital Management Inc.

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

A number of other hedge funds also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Cal-Maine Foods by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,401 shares of the basic materials company’s stock worth $2,218,000 after buying an additional 1,057 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Cal-Maine Foods by 100.8% in the 1st quarter. NewEdge Advisors LLC now owns 7,985 shares of the basic materials company’s stock worth $726,000 after buying an additional 4,009 shares during the period. United Services Automobile Association acquired a new position in Cal-Maine Foods in the first quarter valued at $245,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Cal-Maine Foods by 10.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,422 shares of the basic materials company’s stock valued at $7,765,000 after acquiring an additional 7,736 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in Cal-Maine Foods by 323.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,087 shares of the basic materials company’s stock valued at $108,000 after acquiring an additional 830 shares during the period. Institutional investors and hedge funds own 84.67% of the company’s stock.

Cal-Maine Foods Trading Up 3.5%

Shares of Cal-Maine Foods stock opened at $88.34 on Friday. The company has a fifty day moving average price of $78.57 and a 200 day moving average price of $80.09. Cal-Maine Foods, Inc. has a twelve month low of $71.92 and a twelve month high of $126.40. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 6.16 and a beta of 0.25.

Analysts Set New Price Targets

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

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. 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.