Range Financial Group LLC Buys New Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Range Financial Group LLC purchased a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,328 shares of the basic materials company’s stock, valued at approximately $1,578,000.

Several other large investors have also recently bought and sold shares of the business. Neo Ivy Capital Management purchased a new position in shares of Cal-Maine Foods during the third quarter worth approximately $788,000. Centiva Capital LP purchased a new stake in Cal-Maine Foods in the 3rd quarter valued at approximately $491,000. Franklin Resources Inc. increased its position in Cal-Maine Foods by 91.7% during the 3rd quarter. Franklin Resources Inc. now owns 62,979 shares of the basic materials company’s stock worth $4,713,000 after purchasing an additional 30,122 shares in the last quarter. Barclays PLC raised its position in shares of Cal-Maine Foods by 48.3% in the third quarter. Barclays PLC now owns 103,558 shares of the basic materials company’s stock valued at $7,749,000 after buying an additional 33,731 shares during the last quarter. Finally, AE Wealth Management LLC boosted its holdings in shares of Cal-Maine Foods by 267.4% during the second quarter. AE Wealth Management LLC now owns 17,747 shares of the basic materials company’s stock worth $1,085,000 after purchasing an additional 12,917 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Analyst Upgrades and Downgrades

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

Cal-Maine Foods Trading Down 1.0 %

CALM traded down $1.07 during trading on Tuesday, reaching $103.68. 947,525 shares of the company were exchanged, compared to its average volume of 580,619. Cal-Maine Foods, Inc. has a 52 week low of $53.38 and a 52 week high of $114.06. The stock has a market cap of $5.08 billion, a P/E ratio of 11.88 and a beta of -0.11. The firm has a 50 day moving average of $97.98 and a 200 day moving average of $81.59.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.42. Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The business had revenue of $954.70 million during the quarter, compared to the consensus estimate of $751.50 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 82.5% compared to the same quarter last year. As a group, analysts forecast that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current fiscal year.

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.