State of Tennessee Treasury Department lowered its stake in shares of Cal-Maine Foods Inc (NASDAQ:CALM) by 9.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,609 shares of the basic materials company’s stock after selling 2,571 shares during the period. State of Tennessee Treasury Department’s holdings in Cal-Maine Foods were worth $1,049,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also modified their holdings of CALM. Public Employees Retirement System of Ohio increased its position in shares of Cal-Maine Foods by 22.9% during the second quarter. Public Employees Retirement System of Ohio now owns 3,161 shares of the basic materials company’s stock worth $125,000 after purchasing an additional 590 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Cal-Maine Foods during the third quarter worth $3,010,000. Crossmark Global Holdings Inc. acquired a new position in shares of Cal-Maine Foods during the third quarter worth $252,000. BNP Paribas Arbitrage SA increased its position in shares of Cal-Maine Foods by 53.4% during the third quarter. BNP Paribas Arbitrage SA now owns 15,654 shares of the basic materials company’s stock worth $643,000 after purchasing an additional 5,449 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Cal-Maine Foods by 42.4% during the third quarter. Sei Investments Co. now owns 3,882 shares of the basic materials company’s stock worth $160,000 after purchasing an additional 1,156 shares in the last quarter. 60.54% of the stock is currently owned by institutional investors and hedge funds.
Cal-Maine Foods Inc (NASDAQ:CALM) opened at $44.35 on Tuesday. The company has a current ratio of 2.78, a quick ratio of 1.85 and a debt-to-equity ratio of 0.01. Cal-Maine Foods Inc has a 12-month low of $33.40 and a 12-month high of $50.40.
Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Friday, January 5th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.15). Cal-Maine Foods had a negative return on equity of 1.15% and a negative net margin of 5.18%. The business had revenue of $361.20 million for the quarter, compared to analyst estimates of $370.85 million. During the same period in the previous year, the company posted ($0.48) earnings per share. The business’s revenue for the quarter was up 42.5% on a year-over-year basis. equities research analysts anticipate that Cal-Maine Foods Inc will post 1.3 earnings per share for the current year.
A number of brokerages have recently issued reports on CALM. BidaskClub raised Cal-Maine Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. Zacks Investment Research raised Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Wednesday, December 20th. Finally, Cleveland Research raised Cal-Maine Foods from a “sell” rating to a “neutral” rating in a research report on Saturday, December 30th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $38.80.
Cal-Maine Foods 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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