Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC cut its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 67.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,287 shares of the basic materials company’s stock after selling 19,572 shares during the quarter. Capstone Investment Advisors LLC’s holdings in Cal-Maine Foods were worth $695,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. SG Americas Securities LLC increased its stake in Cal-Maine Foods by 362.8% in the 2nd quarter. SG Americas Securities LLC now owns 15,801 shares of the basic materials company’s stock worth $966,000 after purchasing an additional 12,387 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Cal-Maine Foods by 162.0% in the first quarter. Janus Henderson Group PLC now owns 62,572 shares of the basic materials company’s stock worth $3,681,000 after buying an additional 38,693 shares during the period. AE Wealth Management LLC increased its position in shares of Cal-Maine Foods by 267.4% in the second quarter. AE Wealth Management LLC now owns 17,747 shares of the basic materials company’s stock worth $1,085,000 after acquiring an additional 12,917 shares in the last quarter. Main Street Financial Solutions LLC raised its holdings in shares of Cal-Maine Foods by 47.6% during the second quarter. Main Street Financial Solutions LLC now owns 28,343 shares of the basic materials company’s stock valued at $1,732,000 after acquiring an additional 9,145 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Cal-Maine Foods in the 2nd quarter valued at approximately $368,000. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on CALM. Stephens initiated coverage on shares of Cal-Maine Foods in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 price objective on the stock. StockNews.com downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Saturday, November 23rd.

Cal-Maine Foods Stock Up 0.5 %

Cal-Maine Foods stock opened at $97.15 on Friday. Cal-Maine Foods, Inc. has a 12 month low of $46.30 and a 12 month high of $99.63. The stock has a market cap of $4.76 billion, a P/E ratio of 11.13 and a beta of -0.12. The company’s fifty day simple moving average is $87.58 and its 200-day simple moving average is $72.92.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Tuesday, October 1st. The basic materials company reported $3.06 EPS for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.30). Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The firm had revenue of $785.87 million during the quarter, compared to analysts’ expectations of $704.65 million. During the same quarter last year, the firm earned $0.02 EPS. The business’s revenue for the quarter was up 71.1% compared to the same quarter last year. On average, equities research analysts expect that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current fiscal year.

Cal-Maine Foods 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.