Icon Wealth Advisors LLC Has $315,000 Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Icon Wealth Advisors LLC increased its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 10.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,212 shares of the basic materials company’s stock after buying an additional 393 shares during the period. Icon Wealth Advisors LLC’s holdings in Cal-Maine Foods were worth $315,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its holdings in shares of Cal-Maine Foods by 362.8% during the second 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 during the period. Janus Henderson Group PLC lifted 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 worth $3,681,000 after buying an additional 38,693 shares during the period. AE Wealth Management LLC grew its position in shares of Cal-Maine Foods by 267.4% in 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 buying an additional 12,917 shares during the last quarter. Main Street Financial Solutions LLC increased its stake in shares of Cal-Maine Foods by 47.6% in 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 buying an additional 9,145 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Cal-Maine Foods in the second quarter valued at about $368,000. 84.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. StockNews.com cut Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Saturday, November 23rd. Stephens started coverage on shares of Cal-Maine Foods in a research report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target on the stock.

Cal-Maine Foods Trading Up 0.5 %

Shares of Cal-Maine Foods stock opened at $97.61 on Friday. The business has a 50-day moving average price of $88.05 and a two-hundred day moving average price of $73.09. Cal-Maine Foods, Inc. has a 1-year low of $47.06 and a 1-year high of $99.63. The company has a market cap of $4.79 billion, a P/E ratio of 11.13 and a beta of -0.12.

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). Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The business had revenue of $785.87 million for the quarter, compared to analyst estimates of $704.65 million. During the same period in the prior year, the business earned $0.02 EPS. The company’s revenue for the quarter was up 71.1% on a year-over-year basis. Equities research analysts forecast that Cal-Maine Foods, Inc. will post 8.54 EPS 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.