Cal Maine Foods Inc (NASDAQ:CALM) Institutional Investors Quarterly Sentiment

January 17, 2018 - By Louis Casey

 Cal Maine Foods Inc (NASDAQ:CALM) Institutional Investors Quarterly Sentiment

Sentiment for Cal Maine Foods Inc (NASDAQ:CALM)

Cal Maine Foods Inc (NASDAQ:CALM) institutional sentiment increased to 1.03 in Q3 2017. Its up 0.20, from 0.83 in 2017Q2. The ratio increased, as 77 hedge funds started new and increased equity positions, while 75 sold and reduced holdings in Cal Maine Foods Inc. The hedge funds in our partner’s database now hold: 29.05 million shares, down from 29.44 million shares in 2017Q2. Also, the number of hedge funds holding Cal Maine Foods Inc in their top 10 equity positions increased from 1 to 3 for an increase of 2. Sold All: 23 Reduced: 52 Increased: 49 New Position: 28.

Cal-Maine Foods, Inc. produces, grades, packages, markets, and distributes shell eggs. The company has market cap of $2.14 billion. It offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-LandÂ’s Best, Land OÂ’ Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels. It currently has negative earnings. The firm sells its products to various customers, including national and regional grocery store chains, club stores, foodservice distributors, and egg product clients primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.

The stock decreased 0.45% or $0.2 during the last trading session, reaching $44. About 282,681 shares traded. Cal-Maine Foods, Inc. (NASDAQ:CALM) has declined 14.94% since January 17, 2017 and is downtrending. It has underperformed by 31.64% the S&P500.

Diversified Investment Strategies Llc holds 4.52% of its portfolio in Cal-Maine Foods, Inc. for 113,875 shares. Keating Investment Counselors Inc owns 151,865 shares or 2.71% of their US portfolio. Moreover, Sprott Inc. has 2.57% invested in the company for 243,526 shares. The Connecticut-based Corecommodity Management Llc has invested 1.53% in the stock. Peloton Wealth Strategists, a Indiana-based fund reported 33,050 shares.#img1#

Cal-Maine Foods, Inc. (NASDAQ:CALM) Ratings Coverage

Ratings analysis reveals 25% of Cal-Maine Foods’s analysts are positive. Out of 4 Wall Street analysts rating Cal-Maine Foods, 1 give it “Buy”, 2 “Sell” rating, while 1 recommend “Hold”. The lowest target is $37 while the high is $65.0. The stock’s average target of $51 is 15.91% above today’s ($44) share price. CALM was included in 10 notes of analysts from August 31, 2015. Goldman Sachs initiated Cal-Maine Foods, Inc. (NASDAQ:CALM) rating on Thursday, November 10. Goldman Sachs has “Neutral” rating and $37 target. The firm has “Sell” rating by Goldman Sachs given on Friday, June 16. BB&T Capital downgraded Cal-Maine Foods, Inc. (NASDAQ:CALM) on Monday, October 5 to “Hold” rating. The firm has “Buy” rating by DA Davidson given on Wednesday, December 2. BB&T Capital upgraded Cal-Maine Foods, Inc. (NASDAQ:CALM) on Monday, August 31 to “Buy” rating. The rating was downgraded by DA Davidson to “Underperform” on Monday, May 9. The stock of Cal-Maine Foods, Inc. (NASDAQ:CALM) earned “Overweight” rating by Stephens on Tuesday, October 3. On Tuesday, September 1 the stock rating was downgraded by Zacks to “Buy”. The company was downgraded on Tuesday, March 29 by DA Davidson. On Thursday, June 16 the stock rating was upgraded by BB&T Capital to “Hold”.

More recent Cal-Maine Foods, Inc. (NASDAQ:CALM) news were published by: Seekingalpha.com which released: “Cal-Maine Foods: Invest, If You Dare” on January 12, 2018. Also Fool.com published the news titled: “Why Cal-Maine Foods, Roku, and Core-Mark Holding Slumped Today” on January 05, 2018. Businesswire.com‘s news article titled: “Cal-Maine Foods Issues Response to Animal Rights Group in Florida” with publication date: January 16, 2018 was also an interesting one.

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