Cozad Asset Management Inc. Raises Stake in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Cozad Asset Management Inc. grew its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 3.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 30,339 shares of the basic materials company’s stock after acquiring an additional 892 shares during the period. Cozad Asset Management Inc.’s holdings in Cal-Maine Foods were worth $2,758,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Evergreen Capital Management LLC boosted its position in shares of Cal-Maine Foods by 1.7% in the 4th quarter. Evergreen Capital Management LLC now owns 5,755 shares of the basic materials company’s stock worth $592,000 after buying an additional 97 shares in the last quarter. Two Sigma Securities LLC boosted its position in shares of Cal-Maine Foods by 2.8% in the 4th quarter. Two Sigma Securities LLC now owns 3,894 shares of the basic materials company’s stock worth $401,000 after buying an additional 106 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in shares of Cal-Maine Foods by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,290 shares of the basic materials company’s stock worth $442,000 after buying an additional 136 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Cal-Maine Foods by 0.3% in the 4th quarter. Captrust Financial Advisors now owns 55,892 shares of the basic materials company’s stock worth $5,752,000 after buying an additional 163 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Cal-Maine Foods by 8.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,511 shares of the basic materials company’s stock worth $228,000 after buying an additional 191 shares in the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on CALM. BMO Capital Markets boosted their price objective on shares of Cal-Maine Foods from $100.00 to $105.00 and gave the stock a “market perform” rating in a research report on Thursday, July 24th. Wall Street Zen downgraded shares of Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Stephens boosted their target price on shares of Cal-Maine Foods from $108.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, July 24th.

Cal-Maine Foods Trading Down 0.5%

Shares of CALM stock opened at $104.36 on Tuesday. The firm has a 50-day moving average price of $100.20 and a 200 day moving average price of $97.79. Cal-Maine Foods, Inc. has a twelve month low of $67.40 and a twelve month high of $126.40. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 4.18 and a beta of 0.17.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Tuesday, July 22nd. The basic materials company reported $7.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.29 by $1.75. Cal-Maine Foods had a return on equity of 54.81% and a net margin of 28.63%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $877.03 million. During the same quarter in the previous year, the business earned $2.32 EPS. The company’s revenue for the quarter was up 72.1% on a year-over-year basis. As a group, research analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current 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.