Algert Global LLC Buys 49,013 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Algert Global LLC increased its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 140.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 84,026 shares of the basic materials company’s stock after acquiring an additional 49,013 shares during the period. Algert Global LLC’s holdings in Cal-Maine Foods were worth $6,289,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC increased its holdings in Cal-Maine Foods by 362.8% during the 2nd quarter. SG Americas Securities LLC now owns 15,801 shares of the basic materials company’s stock valued at $966,000 after purchasing an additional 12,387 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Cal-Maine Foods by 162.0% during the 1st quarter. Janus Henderson Group PLC now owns 62,572 shares of the basic materials company’s stock valued at $3,681,000 after purchasing an additional 38,693 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in Cal-Maine Foods during the 1st quarter valued at $479,000. Vanguard Group Inc. increased its holdings in Cal-Maine Foods by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 4,795,570 shares of the basic materials company’s stock valued at $282,219,000 after purchasing an additional 23,915 shares in the last quarter. Finally, AE Wealth Management LLC increased its holdings in Cal-Maine Foods by 267.4% during the 2nd quarter. AE Wealth Management LLC now owns 17,747 shares of the basic materials company’s stock valued at $1,085,000 after purchasing an additional 12,917 shares in the last quarter. Institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Stock Performance

NASDAQ CALM opened at $95.96 on Friday. The stock has a fifty day moving average of $86.02 and a 200-day moving average of $72.10. The stock has a market capitalization of $4.71 billion, a P/E ratio of 10.99 and a beta of -0.12. Cal-Maine Foods, Inc. has a 52 week low of $46.30 and a 52 week high of $96.63.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. StockNews.com cut Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Saturday. Stephens began coverage on Cal-Maine Foods in a report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 price target for the company.

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.