Alliancebernstein L.P. boosted its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 12.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,988 shares of the basic materials company’s stock after purchasing an additional 5,150 shares during the period. Alliancebernstein L.P. owned about 0.10% of Cal-Maine Foods worth $1,900,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Legal & General Group Plc increased its holdings in Cal-Maine Foods by 8.8% in the second quarter. Legal & General Group Plc now owns 57,945 shares of the basic materials company’s stock valued at $2,293,000 after buying an additional 4,683 shares in the last quarter. TD Asset Management Inc. increased its stake in shares of Cal-Maine Foods by 40.8% during the 2nd quarter. TD Asset Management Inc. now owns 52,412 shares of the basic materials company’s stock worth $2,076,000 after purchasing an additional 15,200 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Cal-Maine Foods by 106.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 295,548 shares of the basic materials company’s stock worth $10,877,000 after purchasing an additional 152,191 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Cal-Maine Foods during the 2nd quarter worth approximately $385,000. Finally, Teachers Advisors LLC increased its stake in shares of Cal-Maine Foods by 3.6% during the 1st quarter. Teachers Advisors LLC now owns 52,300 shares of the basic materials company’s stock worth $1,925,000 after purchasing an additional 1,808 shares in the last quarter. 61.68% of the stock is owned by institutional investors.
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A number of equities analysts have weighed in on CALM shares. Stephens upgraded shares of Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $35.00 to $50.00 in a report on Tuesday, October 3rd. BidaskClub lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $37.90.
Shares of Cal-Maine Foods, Inc. (NASDAQ CALM) opened at 44.80 on Friday. The company’s 50 day moving average is $40.99 and its 200-day moving average is $38.47. Cal-Maine Foods, Inc. has a 12 month low of $33.40 and a 12 month high of $46.15. The company’s market cap is $2.18 billion.
Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Monday, October 2nd. The basic materials company reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.18). The firm had revenue of $262.80 million for the quarter, compared to analyst estimates of $265.50 million. Cal-Maine Foods had a negative return on equity of 6.97% and a negative net margin of 5.41%. Cal-Maine Foods’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.64) earnings per share. Analysts expect that Cal-Maine Foods, Inc. will post $0.84 EPS for the current fiscal year.
Cal-Maine Foods Company Profile
Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It offers shell eggs, including specialty and non-specialty eggs. It classifies cage free, organic and brown eggs as specialty products.
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