Pacer Advisors Inc. Acquires 64,489 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Pacer Advisors Inc. raised its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 4.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,561,672 shares of the basic materials company’s stock after buying an additional 64,489 shares during the period. Pacer Advisors Inc.’s holdings in Cal-Maine Foods were worth $116,876,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new position in shares of Cal-Maine Foods in the third quarter valued at about $29,000. Hantz Financial Services Inc. acquired a new position in shares of Cal-Maine Foods in the second quarter valued at approximately $25,000. Hexagon Capital Partners LLC grew its holdings in Cal-Maine Foods by 57.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock valued at $32,000 after buying an additional 155 shares in the last quarter. Krane Funds Advisors LLC acquired a new position in shares of Cal-Maine Foods in the third quarter valued at about $33,000. Finally, Quarry LP increased its position in Cal-Maine Foods by 1,975.0% during the second quarter. Quarry LP now owns 581 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 553 shares during the period. Institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Stock Up 1.1 %

CALM stock opened at $95.78 on Friday. Cal-Maine Foods, Inc. has a 12 month low of $45.07 and a 12 month high of $96.50. The firm has a market cap of $4.70 billion, a P/E ratio of 10.97 and a beta of -0.12. The company’s 50-day moving average price is $85.49 and its two-hundred day moving average price is $71.72.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $785.87 million during the quarter, compared to the consensus estimate of $704.65 million. During the same quarter in the previous year, the business posted $0.02 EPS. The company’s revenue for the quarter was up 71.1% on a year-over-year basis. Equities analysts predict that Cal-Maine Foods, Inc. will post 8.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CALM shares. StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Stephens assumed coverage on Cal-Maine Foods in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 price target on the stock.

About Cal-Maine Foods

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.