Rhumbline Advisers boosted its holdings in Cal-Maine Foods Inc (NASDAQ:CALM) by 7.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,878 shares of the basic materials company’s stock after acquiring an additional 6,760 shares during the quarter. Rhumbline Advisers owned 0.21% of Cal-Maine Foods worth $4,150,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of CALM. Oakworth Capital Inc. acquired a new stake in Cal-Maine Foods in the 2nd quarter valued at approximately $44,000. NEXT Financial Group Inc increased its position in Cal-Maine Foods by 28.6% in the 2nd quarter. NEXT Financial Group Inc now owns 1,350 shares of the basic materials company’s stock valued at $56,000 after acquiring an additional 300 shares during the period. Advisor Group Inc. increased its position in Cal-Maine Foods by 17.5% in the 2nd quarter. Advisor Group Inc. now owns 2,574 shares of the basic materials company’s stock valued at $107,000 after acquiring an additional 383 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in Cal-Maine Foods in the 1st quarter valued at approximately $161,000. Finally, Bank of Montreal Can increased its position in Cal-Maine Foods by 109.0% in the 2nd quarter. Bank of Montreal Can now owns 4,349 shares of the basic materials company’s stock valued at $181,000 after acquiring an additional 2,268 shares during the period. Hedge funds and other institutional investors own 67.42% of the company’s stock.
Shares of NASDAQ CALM opened at $41.52 on Friday. The stock has a fifty day moving average price of $40.78 and a two-hundred day moving average price of $40.95. The firm has a market cap of $2.01 billion, a P/E ratio of 35.79 and a beta of 0.39. Cal-Maine Foods Inc has a 1 year low of $36.65 and a 1 year high of $50.63.
Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Monday, September 30th. The basic materials company reported ($0.94) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.78). The firm had revenue of $241.20 million for the quarter, compared to the consensus estimate of $251.33 million. Cal-Maine Foods had a negative net margin of 0.31% and a positive return on equity of 0.07%. The business’s revenue for the quarter was down 29.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 earnings per share. On average, analysts predict that Cal-Maine Foods Inc will post 0.31 EPS for the current year.
Several analysts recently commented on the company. Stephens set a $45.00 target price on Cal-Maine Foods and gave the company a “hold” rating in a research report on Monday, September 23rd. BidaskClub cut Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Zacks Investment Research raised Cal-Maine Foods from a “sell” rating to a “hold” rating and set a $42.00 price target for the company in a research note on Tuesday, October 1st. Finally, ValuEngine raised Cal-Maine Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $43.50.
About Cal-Maine Foods
Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.
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