Fisher Asset Management LLC Purchases 2,909 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Fisher Asset Management LLC grew its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 1.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 266,319 shares of the basic materials company’s stock after acquiring an additional 2,909 shares during the quarter. Fisher Asset Management LLC owned 0.54% of Cal-Maine Foods worth $19,931,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CALM. Harbor Capital Advisors Inc. acquired a new position in shares of Cal-Maine Foods in the third quarter valued at $29,000. Hantz Financial Services Inc. acquired a new position in shares of Cal-Maine Foods in the 2nd quarter valued at $25,000. Hexagon Capital Partners LLC lifted its holdings in shares of Cal-Maine Foods by 57.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 155 shares during the period. Krane Funds Advisors LLC acquired a new stake in shares of Cal-Maine Foods during the 3rd quarter valued at about $33,000. Finally, Quarry LP increased its stake in Cal-Maine Foods by 1,975.0% in the second quarter. Quarry LP now owns 581 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 553 shares during the period. Institutional investors and hedge funds own 84.67% of the company’s stock.

Cal-Maine Foods Stock Up 0.5 %

Shares of Cal-Maine Foods stock opened at $97.15 on Thursday. Cal-Maine Foods, Inc. has a 12-month low of $46.30 and a 12-month high of $99.63. The stock has a market capitalization of $4.76 billion, a P/E ratio of 11.13 and a beta of -0.12. The company has a 50-day simple moving average of $87.07 and a 200 day simple moving average of $72.75.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing the consensus estimate of $3.36 by ($0.30). The firm had revenue of $785.87 million for the quarter, compared to analyst estimates of $704.65 million. Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The business’s quarterly revenue was up 71.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 EPS. On average, equities analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. StockNews.com cut shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Saturday, November 23rd. Stephens initiated coverage on Cal-Maine Foods in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 target price for the company.

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.