Monroe Bank & Trust MI lifted its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 9,119.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,041 shares of the basic materials company’s stock after buying an additional 28,726 shares during the quarter. Monroe Bank & Trust MI owned approximately 0.06% of Cal-Maine Foods worth $1,283,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Eqis Capital Management Inc. boosted its holdings in Cal-Maine Foods by 0.6% in the second quarter. Eqis Capital Management Inc. now owns 6,124 shares of the basic materials company’s stock valued at $243,000 after purchasing an additional 36 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Cal-Maine Foods by 0.9% in the second quarter. Nisa Investment Advisors LLC now owns 12,652 shares of the basic materials company’s stock valued at $502,000 after purchasing an additional 118 shares in the last quarter. Texas Permanent School Fund boosted its holdings in Cal-Maine Foods by 1.0% in the second quarter. Texas Permanent School Fund now owns 21,734 shares of the basic materials company’s stock valued at $861,000 after purchasing an additional 205 shares in the last quarter. First Personal Financial Services boosted its holdings in Cal-Maine Foods by 3.3% in the second quarter. First Personal Financial Services now owns 7,776 shares of the basic materials company’s stock valued at $308,000 after purchasing an additional 245 shares in the last quarter. Finally, IMS Capital Management boosted its holdings in Cal-Maine Foods by 3.0% in the second quarter. IMS Capital Management now owns 8,655 shares of the basic materials company’s stock valued at $343,000 after purchasing an additional 250 shares in the last quarter. 66.30% of the stock is owned by institutional investors and hedge funds.
Shares of Cal-Maine Foods, Inc. (CALM) opened at $45.00 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.67 and a quick ratio of 4.14. Cal-Maine Foods, Inc. has a 52 week low of $33.40 and a 52 week high of $50.40.
Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data 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). Cal-Maine Foods had a negative net margin of 5.41% and a negative return on equity of 6.97%. The firm had revenue of $262.80 million during the quarter, compared to analysts’ expectations of $265.50 million. During the same quarter in the prior year, the firm posted ($0.64) EPS. Cal-Maine Foods’s quarterly revenue was up 9.6% compared to the same quarter last year. research analysts predict that Cal-Maine Foods, Inc. will post 0.9 EPS for the current fiscal year.
A number of equities analysts recently issued reports on the company. Zacks Investment Research raised Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Friday, November 17th. Stephens raised Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $35.00 to $50.00 in a report on Tuesday, October 3rd. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Cal-Maine Foods currently has an average rating of “Hold” and a consensus price target of $40.08.
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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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