BlackRock Group LTD lowered its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 10.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,080 shares of the company’s stock after selling 22,873 shares during the period. BlackRock Group LTD owned 0.41% of Cal-Maine Foods worth $7,634,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Aviance Capital Management LLC raised its stake in Cal-Maine Foods by 0.7% in the second quarter. Aviance Capital Management LLC now owns 6,410 shares of the company’s stock valued at $284,000 after buying an additional 42 shares in the last quarter. OLD Dominion Capital Management Inc. raised its stake in shares of Cal-Maine Foods by 1.1% in the third quarter. OLD Dominion Capital Management Inc. now owns 6,029 shares of the company’s stock worth $232,000 after buying an additional 68 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Cal-Maine Foods by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the company’s stock worth $612,000 after buying an additional 100 shares in the last quarter. PineBridge Investments L.P. raised its stake in shares of Cal-Maine Foods by 3.9% in the second quarter. PineBridge Investments L.P. now owns 3,938 shares of the company’s stock worth $174,000 after buying an additional 148 shares in the last quarter. Finally, IMS Capital Management raised its stake in shares of Cal-Maine Foods by 2.6% in the third quarter. IMS Capital Management now owns 6,055 shares of the company’s stock worth $233,000 after buying an additional 155 shares in the last quarter. Institutional investors and hedge funds own 58.66% of the company’s stock.

Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

Cal-Maine Foods, Inc. (NASDAQ:CALM) traded up 1.1465% during trading on Friday, hitting $43.4424. 34,133 shares of the stock traded hands. The company has a 50-day moving average price of $41.77 and a 200-day moving average price of $41.54. The stock has a market cap of $2.11 billion, a PE ratio of 223.9299 and a beta of 0.82. Cal-Maine Foods, Inc. has a 12 month low of $35.65 and a 12 month high of $55.43.

Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Thursday, December 22nd. The company reported ($0.48) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.48). The business had revenue of $253.50 million for the quarter. Cal-Maine Foods had a net margin of 0.79% and a return on equity of 1.10%. The business’s revenue was down 53.6% on a year-over-year basis. During the same period last year, the company posted $2.26 EPS. Equities research analysts expect that Cal-Maine Foods, Inc. will post ($0.85) EPS for the current year.

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CALM has been the topic of a number of research analyst reports. TheStreet lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Monday, September 26th. Zacks Investment Research lowered shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a research report on Friday, December 9th. Vetr lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating and set a $39.93 target price on the stock. in a research report on Monday, November 14th. DA Davidson restated an “underperform” rating and issued a $35.00 target price (down previously from $37.00) on shares of Cal-Maine Foods in a research report on Tuesday, September 27th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of Cal-Maine Foods in a research report on Thursday, November 10th. They issued a “neutral” rating and a $37.00 target price on the stock. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $40.63.

Cal-Maine Foods Company Profile

Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It offers shell eggs, including specialty and non-specialty eggs. It classifies cage free, organic and brown eggs as specialty products.

5 Day Chart for NASDAQ:CALM

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