Teacher Retirement System of Texas purchased a new stake in Cal-Maine Foods Inc (NASDAQ:CALM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,390 shares of the basic materials company’s stock, valued at approximately $462,000.
Several other institutional investors have also recently bought and sold shares of CALM. Public Employees Retirement System of Ohio raised its stake in Cal-Maine Foods by 22.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,161 shares of the basic materials company’s stock worth $125,000 after acquiring an additional 590 shares in the last quarter. Sei Investments Co. increased its stake in Cal-Maine Foods by 42.4% in the third quarter. Sei Investments Co. now owns 3,882 shares of the basic materials company’s stock valued at $160,000 after purchasing an additional 1,156 shares during the period. Rhumbline Advisers increased its stake in Cal-Maine Foods by 2.0% in the third quarter. Rhumbline Advisers now owns 64,281 shares of the basic materials company’s stock valued at $2,642,000 after purchasing an additional 1,250 shares during the period. California Public Employees Retirement System increased its stake in Cal-Maine Foods by 2.2% in the third quarter. California Public Employees Retirement System now owns 61,028 shares of the basic materials company’s stock valued at $2,508,000 after purchasing an additional 1,328 shares during the period. Finally, American International Group Inc. increased its stake in Cal-Maine Foods by 5.8% in the third quarter. American International Group Inc. now owns 24,460 shares of the basic materials company’s stock valued at $1,005,000 after purchasing an additional 1,348 shares during the period. 60.48% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently weighed in on the stock. BidaskClub raised shares of Cal-Maine Foods from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Stephens boosted their price objective on shares of Cal-Maine Foods from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, April 3rd. Zacks Investment Research cut shares of Cal-Maine Foods from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Finally, Cleveland Research raised shares of Cal-Maine Foods from a “sell” rating to a “neutral” rating in a research report on Saturday, December 30th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $41.00.
Shares of NASDAQ:CALM traded down $0.40 on Friday, reaching $46.70. 338,589 shares of the company’s stock were exchanged, compared to its average volume of 401,898. Cal-Maine Foods Inc has a fifty-two week low of $33.40 and a fifty-two week high of $50.40. The stock has a market capitalization of $2,271.11, a price-to-earnings ratio of -30.32 and a beta of 0.62.
Cal-Maine Foods (NASDAQ:CALM) last announced its earnings results on Monday, April 2nd. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.01. Cal-Maine Foods had a net margin of 2.23% and a return on equity of 5.62%. The firm had revenue of $435.80 million during the quarter, compared to analyst estimates of $404.33 million. During the same quarter in the prior year, the firm posted $0.09 EPS. Cal-Maine Foods’s revenue was up 42.2% compared to the same quarter last year. sell-side analysts predict that Cal-Maine Foods Inc will post 1.3 earnings per share for the current fiscal year.
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About Cal-Maine Foods
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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