Sterling Capital Management LLC Has $982,000 Stake in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Sterling Capital Management LLC increased its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 13.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,543 shares of the basic materials company’s stock after buying an additional 1,108 shares during the period. Sterling Capital Management LLC’s holdings in Cal-Maine Foods were worth $982,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CALM. Raymond James Financial Inc. bought a new stake in Cal-Maine Foods in the fourth quarter worth approximately $1,123,000. Legal & General Group Plc boosted its stake in Cal-Maine Foods by 0.4% during the fourth quarter. Legal & General Group Plc now owns 129,522 shares of the basic materials company’s stock worth $13,330,000 after acquiring an additional 462 shares in the last quarter. Bank of Montreal Can grew its holdings in Cal-Maine Foods by 2.5% in the fourth quarter. Bank of Montreal Can now owns 10,338 shares of the basic materials company’s stock worth $1,064,000 after purchasing an additional 255 shares during the period. Cerity Partners LLC increased its stake in Cal-Maine Foods by 1.2% in the fourth quarter. Cerity Partners LLC now owns 29,096 shares of the basic materials company’s stock valued at $2,968,000 after purchasing an additional 342 shares in the last quarter. Finally, Sierra Summit Advisors LLC acquired a new position in Cal-Maine Foods during the 4th quarter worth approximately $581,000. 84.67% of the stock is owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Down 2.2 %

Shares of NASDAQ:CALM opened at $96.55 on Wednesday. The business’s 50 day moving average is $92.45 and its 200 day moving average is $96.34. Cal-Maine Foods, Inc. has a 12-month low of $55.15 and a 12-month high of $116.41. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 7.51 and a beta of 0.11.

Cal-Maine Foods (NASDAQ:CALM) last announced its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.79 by $4.59. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $953.76 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The company’s revenue was up 101.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.00 EPS. As a group, equities research analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Stephens reiterated an “equal weight” rating and issued a $97.00 target price on shares of Cal-Maine Foods in a report on Thursday, March 6th. StockNews.com cut shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Thursday, April 10th.

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.