Peloton Wealth Strategists Grows Stake in Cal-Maine Foods, Inc. (CALM)
Peloton Wealth Strategists lifted its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 15.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,050 shares of the basic materials company’s stock after purchasing an additional 4,300 shares during the period. Peloton Wealth Strategists owned about 0.07% of Cal-Maine Foods worth $1,358,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in CALM. Public Employees Retirement System of Ohio grew its holdings in shares of Cal-Maine Foods by 22.9% during the second quarter. Public Employees Retirement System of Ohio now owns 3,161 shares of the basic materials company’s stock worth $125,000 after purchasing an additional 590 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Cal-Maine Foods by 48.1% during the second quarter. PNC Financial Services Group Inc. now owns 3,423 shares of the basic materials company’s stock worth $135,000 after purchasing an additional 1,111 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Cal-Maine Foods by 138.3% during the second quarter. Bessemer Group Inc. now owns 3,649 shares of the basic materials company’s stock worth $145,000 after purchasing an additional 2,118 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Cal-Maine Foods by 42.4% during the third quarter. Sei Investments Co. now owns 3,882 shares of the basic materials company’s stock worth $160,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Carroll Financial Associates Inc. bought a new stake in shares of Cal-Maine Foods during the second quarter worth about $162,000. Institutional investors own 60.63% of the company’s stock.
Cal-Maine Foods, Inc. (NASDAQ CALM) opened at $47.30 on Friday. The company has a current ratio of 6.67, a quick ratio of 4.14 and a debt-to-equity ratio of 0.01. Cal-Maine Foods, Inc. has a 12 month low of $33.40 and a 12 month high of $48.00.
Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Monday, October 2nd. The basic materials company reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.18). The company had revenue of $262.80 million during the quarter, compared to analyst estimates of $265.50 million. Cal-Maine Foods had a negative return on equity of 6.97% and a negative net margin of 5.41%. Cal-Maine Foods’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.64) earnings per share. sell-side analysts predict that Cal-Maine Foods, Inc. will post 0.9 EPS for the current year.
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Several analysts have recently weighed in on CALM shares. Stephens upgraded Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $35.00 to $50.00 in a report on Tuesday, October 3rd. Zacks Investment Research upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Friday, November 17th. Finally, BidaskClub upgraded Cal-Maine Foods from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $40.08.
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.
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