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

Capstone Investment Advisors LLC lessened its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 67.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. 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 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC lifted its stake in 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 last quarter. Janus Henderson Group PLC boosted its holdings in shares of Cal-Maine Foods by 162.0% in 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 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% 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 buying an additional 12,917 shares during the last quarter. Main Street Financial Solutions LLC raised its stake in 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 worth $1,732,000 after acquiring an additional 9,145 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Cal-Maine Foods in the second quarter worth about $368,000. Institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Price Performance

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 capitalization of $4.76 billion, a PE ratio of 11.13 and a beta of -0.12. The firm has a 50 day simple moving average of $87.58 and a 200-day simple moving average of $72.92.

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). The firm had revenue of $785.87 million for 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 revenue for the quarter was up 71.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 earnings per share. On average, analysts forecast that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.