Seven Eight Capital LP Acquires Shares of 6,936 Cal-Maine Foods, Inc. (NASDAQ:CALM)

Seven Eight Capital LP bought a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,936 shares of the basic materials company’s stock, valued at approximately $408,000.

Other large investors also recently modified their holdings of the company. Park Place Capital Corp bought a new position in Cal-Maine Foods in the 4th quarter worth approximately $26,000. Cape Investment Advisory Inc. acquired a new position in shares of Cal-Maine Foods during the fourth quarter valued at $32,000. TFO Wealth Partners LLC boosted its holdings in Cal-Maine Foods by 32,400.0% in the fourth quarter. TFO Wealth Partners LLC now owns 650 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 648 shares during the last quarter. Principal Securities Inc. acquired a new stake in Cal-Maine Foods in the fourth quarter worth about $43,000. Finally, MCF Advisors LLC bought a new stake in Cal-Maine Foods during the 1st quarter worth about $46,000. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Performance

CALM stock traded up $2.03 during mid-day trading on Wednesday, hitting $66.86. 1,187,671 shares of the company were exchanged, compared to its average volume of 638,234. The firm has a market cap of $3.28 billion, a P/E ratio of 12.22 and a beta of -0.10. Cal-Maine Foods, Inc. has a 1-year low of $42.25 and a 1-year high of $69.44. The firm’s 50 day simple moving average is $60.85 and its 200 day simple moving average is $58.84.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Tuesday, July 23rd. The basic materials company reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). The firm had revenue of $640.80 million for the quarter, compared to the consensus estimate of $652.32 million. Cal-Maine Foods had a return on equity of 16.79% and a net margin of 11.61%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.27 earnings per share.

Analyst Ratings Changes

CALM has been the topic of several recent research reports. The Goldman Sachs Group raised their target price on shares of Cal-Maine Foods from $47.00 to $52.00 and gave the company a “sell” rating in a research note on Wednesday, July 17th. Stephens reaffirmed an “equal weight” rating and issued a $65.00 price objective on shares of Cal-Maine Foods in a research note on Wednesday, April 3rd.

About Cal-Maine Foods

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.