6,539 Shares in Cal-Maine Foods, Inc. $CALM Bought by Foster & Motley Inc.

Foster & Motley Inc. bought a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 6,539 shares of the basic materials company’s stock, valued at approximately $527,000.

A number of other hedge funds also recently added to or reduced their stakes in CALM. Bank of New York Mellon Corp bought a new stake in Cal-Maine Foods in the second quarter valued at $57,894,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Cal-Maine Foods by 3,014.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 623,571 shares of the basic materials company’s stock worth $49,618,000 after acquiring an additional 603,551 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Cal-Maine Foods in the 4th quarter worth about $28,864,000. First Trust Advisors LP increased its holdings in shares of Cal-Maine Foods by 29.7% in the 1st quarter. First Trust Advisors LP now owns 1,552,297 shares of the basic materials company’s stock worth $122,864,000 after acquiring an additional 355,762 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Cal-Maine Foods by 13.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,519,483 shares of the basic materials company’s stock valued at $199,416,000 after purchasing an additional 300,910 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CALM has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Weiss Ratings lowered shares of Cal-Maine Foods from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Wells Fargo & Company set a $100.00 price target on Cal-Maine Foods in a report on Monday, July 13th. Stephens reduced their price objective on Cal-Maine Foods from $90.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada set a $100.00 price objective on Cal-Maine Foods in a report on Tuesday, May 26th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $94.71.

Cal-Maine Foods Stock Performance

Shares of CALM opened at $82.43 on Friday. Cal-Maine Foods, Inc. has a one year low of $71.92 and a one year high of $117.45. The stock’s fifty day moving average is $83.69 and its 200-day moving average is $81.36. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 12.58 and a beta of 0.25.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Wednesday, July 22nd. The basic materials company reported ($0.76) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.84). The company had revenue of $552.58 million during the quarter, compared to analyst estimates of $563.83 million. Cal-Maine Foods had a return on equity of 11.79% and a net margin of 10.88%.The business’s revenue for the quarter was down 49.9% compared to the same quarter last year. During the same period in the previous year, the company earned $7.04 EPS.

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.