Unison Advisors LLC bought a new position in shares of Cal-Maine Foods Inc (NASDAQ:CALM) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 6,817 shares of the basic materials company’s stock, valued at approximately $303,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CALM. Public Employees Retirement System of Ohio lifted its stake in shares of Cal-Maine Foods by 22.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,161 shares of the basic materials company’s stock worth $125,000 after buying an additional 590 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Cal-Maine Foods during the 3rd quarter worth about $127,000. PNC Financial Services Group Inc. lifted its stake in shares of Cal-Maine Foods by 48.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,423 shares of the basic materials company’s stock worth $135,000 after buying an additional 1,111 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Cal-Maine Foods by 42.4% during the 3rd quarter. Sei Investments Co. now owns 3,882 shares of the basic materials company’s stock worth $160,000 after buying an additional 1,156 shares during the last quarter. Finally, Aviance Capital Management LLC acquired a new stake in shares of Cal-Maine Foods during the 2nd quarter worth about $191,000. Institutional investors own 62.98% of the company’s stock.

CALM has been the subject of a number of research reports. BidaskClub cut shares of Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 9th. Zacks Investment Research upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Friday, November 17th. Cleveland Research upgraded shares of Cal-Maine Foods from a “sell” rating to a “neutral” rating in a research note on Friday, December 22nd. Finally, Stephens upgraded shares of Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $35.00 to $50.00 in a research note on Tuesday, October 3rd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $39.00.

Cal-Maine Foods Inc (NASDAQ:CALM) opened at $43.00 on Friday. Cal-Maine Foods Inc has a 1 year low of $33.40 and a 1 year high of $50.40. The company has a market cap of $2,078.97, a PE ratio of -33.33 and a beta of 0.76. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.85 and a current ratio of 2.78.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Friday, January 5th. The basic materials company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.15). Cal-Maine Foods had a negative return on equity of 1.15% and a negative net margin of 5.18%. The business had revenue of $361.20 million for the quarter, compared to the consensus estimate of $370.85 million. During the same period in the prior year, the business posted ($0.48) earnings per share. Cal-Maine Foods’s revenue was up 42.5% compared to the same quarter last year. analysts anticipate that Cal-Maine Foods Inc will post 1 EPS for the current year.

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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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