Cal-Maine Foods, Inc. $CALM Shares Bought by JSF Financial LLC

JSF Financial LLC boosted its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 12.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,744 shares of the basic materials company’s stock after purchasing an additional 1,197 shares during the quarter. JSF Financial LLC’s holdings in Cal-Maine Foods were worth $1,070,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Investment Management Corp VA ADV grew its stake in shares of Cal-Maine Foods by 172.2% during the 1st quarter. Investment Management Corp VA ADV now owns 392 shares of the basic materials company’s stock valued at $36,000 after buying an additional 248 shares during the period. AdvisorNet Financial Inc purchased a new position in shares of Cal-Maine Foods in the 2nd quarter worth $54,000. Caitong International Asset Management Co. Ltd acquired a new stake in Cal-Maine Foods during the first quarter worth about $52,000. Blue Trust Inc. increased its stake in Cal-Maine Foods by 388.2% during the first quarter. Blue Trust Inc. now owns 620 shares of the basic materials company’s stock worth $56,000 after acquiring an additional 493 shares during the last quarter. Finally, Quarry LP increased its stake in Cal-Maine Foods by 1,470.5% during the first quarter. Quarry LP now owns 691 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 647 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Cal-Maine Foods Stock Down 0.0%

Shares of NASDAQ CALM opened at $92.56 on Friday. The stock’s 50 day moving average price is $107.03 and its two-hundred day moving average price is $100.42. Cal-Maine Foods, Inc. has a 52-week low of $79.44 and a 52-week high of $126.40. The stock has a market capitalization of $4.54 billion, a P/E ratio of 3.56 and a beta of 0.22.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Wednesday, October 1st. The basic materials company reported $4.12 earnings per share for the quarter, missing analysts’ consensus estimates of $4.55 by ($0.43). Cal-Maine Foods had a net margin of 28.86% and a return on equity of 52.31%. The firm had revenue of $922.60 million during the quarter, compared to the consensus estimate of $931.62 million. During the same quarter last year, the firm posted $3.06 earnings per share. Cal-Maine Foods’s revenue was up 17.4% compared to the same quarter last year. On average, analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Cal-Maine Foods Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Wednesday, October 29th will be given a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Wednesday, October 29th. Cal-Maine Foods’s dividend payout ratio (DPR) is presently 36.22%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CALM shares. Lake Street Capital set a $97.00 target price on Cal-Maine Foods in a report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cal-Maine Foods in a research report on Saturday, September 27th. Wall Street Zen downgraded shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Saturday, August 23rd. Stephens lifted their target price on shares of Cal-Maine Foods from $108.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, July 24th. Finally, The Goldman Sachs Group reduced their target price on shares of Cal-Maine Foods from $110.00 to $98.00 and set a “neutral” rating on the stock in a report on Friday. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $101.75.

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.