VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 28,575 Cal-Maine Foods, Inc. $CALM

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 28,575 shares of the basic materials company’s stock, valued at approximately $2,847,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.06% of Cal-Maine Foods as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of CALM. GAMMA Investing LLC grew its stake in shares of Cal-Maine Foods by 25.7% during the first quarter. GAMMA Investing LLC now owns 1,720 shares of the basic materials company’s stock worth $156,000 after acquiring an additional 352 shares during the last quarter. Blue Trust Inc. grew its stake in shares of 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. Cambridge Investment Research Advisors Inc. grew its stake in shares of Cal-Maine Foods by 23.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,683 shares of the basic materials company’s stock worth $789,000 after acquiring an additional 1,660 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Cal-Maine Foods during the first quarter worth about $263,000. Finally, Archford Capital Strategies LLC purchased a new stake in shares of Cal-Maine Foods during the first quarter worth about $2,491,000. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Insider Transactions at Cal-Maine Foods

In related news, insider Keira L. Lombardo purchased 2,800 shares of the firm’s stock in a transaction on Thursday, October 2nd. The stock was bought at an average cost of $92.36 per share, with a total value of $258,608.00. Following the completion of the acquisition, the insider owned 3,738 shares of the company’s stock, valued at $345,241.68. The trade was a 298.51% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets dropped their price target on Cal-Maine Foods from $105.00 to $97.00 and set a “market perform” rating on the stock in a research note on Friday, October 3rd. Lake Street Capital set a $97.00 price target on Cal-Maine Foods in a research note on Friday, October 3rd. The Goldman Sachs Group dropped their price target on Cal-Maine Foods from $110.00 to $98.00 and set a “neutral” rating on the stock in a research note on Friday, October 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Cal-Maine Foods in a research report on Saturday, September 27th. Finally, Wall Street Zen lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Saturday, August 23rd. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $101.75.

Cal-Maine Foods Stock Down 1.1%

Shares of NASDAQ CALM opened at $90.25 on Wednesday. The business’s 50 day moving average price is $103.54 and its 200 day moving average price is $100.47. The firm has a market cap of $4.38 billion, a P/E ratio of 3.47 and a beta of 0.22. Cal-Maine Foods, Inc. has a 52 week low of $79.55 and a 52 week high of $126.40.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings results on Wednesday, October 1st. The basic materials company reported $4.12 earnings per share (EPS) 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 company had revenue of $922.60 million during the quarter, compared to analyst estimates of $931.62 million. During the same period in the previous year, the firm posted $3.06 earnings per share. The company’s revenue was up 17.4% compared to the same quarter last year. As a group, research analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Cal-Maine Foods Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Wednesday, October 29th will be issued a $1.37 dividend. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $5.48 dividend on an annualized basis and a yield of 6.1%. Cal-Maine Foods’s payout ratio is presently 36.22%.

Cal-Maine Foods Profile

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.