HL Financial Services LLC boosted its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 12.5% during the second quarter, Holdings Channel reports. The firm owned 55,700 shares of the basic materials company’s stock after buying an additional 6,208 shares during the period. HL Financial Services LLC’s holdings in Cal-Maine Foods were worth $2,206,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Eqis Capital Management Inc. raised its stake in Cal-Maine Foods by 0.6% in the second quarter. Eqis Capital Management Inc. now owns 6,124 shares of the basic materials company’s stock valued at $243,000 after buying an additional 36 shares during the period. State of Alaska Department of Revenue raised its stake in Cal-Maine Foods by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,280 shares of the basic materials company’s stock valued at $120,000 after buying an additional 60 shares during the period. Louisiana State Employees Retirement System raised its stake in Cal-Maine Foods by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the basic materials company’s stock valued at $445,000 after buying an additional 100 shares during the period. Private Advisor Group LLC raised its stake in Cal-Maine Foods by 1.9% in the first quarter. Private Advisor Group LLC now owns 6,052 shares of the basic materials company’s stock valued at $222,000 after buying an additional 110 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in Cal-Maine Foods by 0.9% in the second quarter. Nisa Investment Advisors LLC now owns 12,652 shares of the basic materials company’s stock valued at $502,000 after buying an additional 118 shares during the period. Institutional investors own 61.64% of the company’s stock.

Shares of Cal-Maine Foods, Inc. (NASDAQ CALM) opened at 35.75 on Thursday. The firm’s 50-day moving average price is $37.34 and its 200 day moving average price is $38.32. Cal-Maine Foods, Inc. has a 1-year low of $33.40 and a 1-year high of $46.47. The stock’s market capitalization is $1.74 billion.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Monday, July 24th. The basic materials company reported ($0.51) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.42. Cal-Maine Foods had a negative net margin of 6.91% and a negative return on equity of 8.57%. The company had revenue of $274.60 million during the quarter, compared to analysts’ expectations of $271.33 million. During the same period last year, the business posted ($0.01) earnings per share. The company’s quarterly revenue was down 9.4% on a year-over-year basis. Equities research analysts expect that Cal-Maine Foods, Inc. will post $0.26 earnings per share for the current fiscal year.

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Several research firms have commented on CALM. Goldman Sachs Group, Inc. (The) lowered Cal-Maine Foods from a “neutral” rating to a “sell” rating and set a $31.00 price objective for the company. in a research note on Friday, June 16th. BidaskClub upgraded Cal-Maine Foods from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Cleveland Research lowered Cal-Maine Foods from a “neutral” rating to an “underperform” rating and set a $30.00 price objective for the company. in a research note on Tuesday, May 30th. Finally, ValuEngine upgraded Cal-Maine Foods from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Five research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Cal-Maine Foods currently has a consensus rating of “Hold” and an average price target of $36.70.

About Cal-Maine Foods

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.

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

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