OMERS ADMINISTRATION Corp Has $4.08 Million Position in Cal-Maine Foods, Inc. $CALM

OMERS ADMINISTRATION Corp boosted its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 52.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,507 shares of the basic materials company’s stock after acquiring an additional 17,646 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Cal-Maine Foods were worth $4,077,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

CALM has been the subject of several analyst reports. Stephens cut their target price 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. Weiss Ratings lowered Cal-Maine Foods from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. BMO Capital Markets increased their price objective on Cal-Maine Foods from $75.00 to $83.00 and gave the stock a “market perform” rating in a research note on Thursday, July 23rd. Wells Fargo & Company set a $100.00 price objective on Cal-Maine Foods in a report on Monday, July 13th. Finally, Benchmark restated a “buy” rating on shares of Cal-Maine Foods in a research note on Monday, July 13th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $94.71.

Cal-Maine Foods Trading Down 1.8%

NASDAQ:CALM opened at $88.72 on Tuesday. Cal-Maine Foods, Inc. has a 1 year low of $71.92 and a 1 year high of $117.45. The firm has a 50 day moving average of $80.79 and a 200-day moving average of $80.57. The stock has a market capitalization of $4.20 billion, a P/E ratio of 13.55 and a beta of 0.25.

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