Louisiana State Employees Retirement System Takes Position in Cal-Maine Foods, Inc. $CALM

Louisiana State Employees Retirement System bought a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 19,900 shares of the basic materials company’s stock, valued at approximately $1,575,000.

Several other institutional investors have also recently added to or reduced their stakes in CALM. IFP Advisors Inc increased its holdings in shares of Cal-Maine Foods by 58.2% during the third quarter. IFP Advisors Inc now owns 378 shares of the basic materials company’s stock worth $37,000 after buying an additional 139 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in shares of Cal-Maine Foods in the 4th quarter worth approximately $30,000. WealthCollab LLC grew its position in Cal-Maine Foods by 105.2% during the 4th quarter. WealthCollab LLC now owns 431 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 221 shares during the last quarter. National Bank of Canada FI bought a new stake in Cal-Maine Foods during the 3rd quarter worth approximately $42,000. Finally, Signaturefd LLC increased its holdings in Cal-Maine Foods by 46.5% during the 4th quarter. Signaturefd LLC now owns 488 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 155 shares in the last quarter. 84.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. BMO Capital Markets cut their price objective on Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating for the company in a research report on Wednesday, March 25th. Stephens increased their target price on Cal-Maine Foods from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 18th. Benchmark restated a “buy” rating on shares of Cal-Maine Foods in a research note on Tuesday, May 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cal-Maine Foods in a report on Friday, March 27th. Finally, Royal Bank Of Canada set a $100.00 price objective on shares of Cal-Maine Foods in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $94.17.

Cal-Maine Foods Trading Down 0.1%

NASDAQ:CALM opened at $80.45 on Thursday. Cal-Maine Foods, Inc. has a 1 year low of $71.92 and a 1 year high of $126.40. The stock has a 50-day moving average price of $77.36 and a two-hundred day moving average price of $80.12. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 5.61 and a beta of 0.25.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Wednesday, April 1st. The basic materials company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.17. Cal-Maine Foods had a return on equity of 26.05% and a net margin of 20.07%.The business had revenue of $666.95 million for the quarter, compared to analysts’ expectations of $655.82 million. During the same quarter in the previous year, the business posted $10.39 EPS. Cal-Maine Foods’s revenue for the quarter was down 53.0% on a year-over-year basis.

Cal-Maine Foods Company 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. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.