Cal-Maine Foods Target of Unusually Large Options Trading (NASDAQ:CALM)

Cal-Maine Foods, Inc. (NASDAQ:CALMGet Free Report) was the recipient of some unusual options trading on Tuesday. Stock traders acquired 4,051 put options on the stock. This represents an increase of 271% compared to the average daily volume of 1,093 put options.

Analyst Ratings Changes

A number of analysts recently weighed in on CALM shares. Royal Bank Of Canada set a $100.00 price objective on shares of Cal-Maine Foods in a research note on Tuesday, May 26th. BMO Capital Markets reduced their price target on shares of 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. Stephens lowered their price target on shares of Cal-Maine Foods from $90.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. Wells Fargo & Company set a $100.00 price objective on shares of Cal-Maine Foods in a research note on Monday, July 13th. Finally, Benchmark reissued a “buy” rating on shares of Cal-Maine Foods in a report on Monday, July 13th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $94.29.

View Our Latest Stock Report on Cal-Maine Foods

Cal-Maine Foods Stock Performance

CALM stock traded up $0.06 during trading on Tuesday, reaching $88.48. 203,557 shares of the company traded hands, compared to its average volume of 994,734. Cal-Maine Foods has a 12 month low of $71.92 and a 12 month high of $126.40. The business has a 50 day simple moving average of $79.76 and a 200 day simple moving average of $80.24. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 6.15 and a beta of 0.25.

Institutional Trading of Cal-Maine Foods

Hedge funds have recently modified their holdings of the company. IFP Advisors Inc boosted its stake in Cal-Maine Foods by 58.2% in the third quarter. IFP Advisors Inc now owns 378 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 139 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in shares of Cal-Maine Foods during the fourth quarter worth $30,000. WealthCollab LLC increased its position in shares of Cal-Maine Foods by 105.2% during the fourth quarter. WealthCollab LLC now owns 431 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 221 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of Cal-Maine Foods during the third quarter worth $42,000. Finally, Signaturefd LLC lifted its holdings in shares of Cal-Maine Foods by 46.5% during 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 during the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

About Cal-Maine Foods

(Get Free Report)

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.

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