California State Teachers Retirement System Purchases 10,098 Shares of Cal-Maine Foods, Inc. $CALM

California State Teachers Retirement System increased its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 24.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,201 shares of the basic materials company’s stock after acquiring an additional 10,098 shares during the quarter. California State Teachers Retirement System’s holdings in Cal-Maine Foods were worth $4,053,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CALM. Pinnacle Holdings LLC purchased a new position in Cal-Maine Foods during the 4th quarter valued at about $30,000. WealthCollab LLC lifted its position in shares of Cal-Maine Foods by 105.2% in the 4th quarter. WealthCollab LLC now owns 431 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 221 shares during the period. IFP Advisors Inc lifted its position in shares of Cal-Maine Foods by 58.2% in the 3rd quarter. IFP Advisors Inc now owns 378 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 139 shares during the period. Signaturefd LLC boosted its stake in shares of Cal-Maine Foods by 46.5% during the fourth quarter. Signaturefd LLC now owns 488 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 155 shares in the last quarter. Finally, National Bank of Canada FI bought a new position in shares of Cal-Maine Foods during the third quarter valued at approximately $42,000. 84.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CALM. Royal Bank Of Canada set a $100.00 price objective on shares of Cal-Maine Foods in a research note on Tuesday, May 26th. Wells Fargo & Company set a $100.00 price target on Cal-Maine Foods in a report on Monday, July 13th. BMO Capital Markets boosted their price target on Cal-Maine Foods from $75.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday, July 23rd. Weiss Ratings cut Cal-Maine Foods from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Finally, Benchmark reaffirmed a “buy” rating on shares of Cal-Maine Foods in a research report on Monday, July 13th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $94.71.

Cal-Maine Foods Stock Up 0.3%

Shares of CALM opened at $85.08 on Friday. The company has a 50 day moving average of $82.75 and a two-hundred day moving average of $81.32. Cal-Maine Foods, Inc. has a twelve month low of $71.92 and a twelve month high of $117.45. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 12.99 and a beta of 0.25.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Wednesday, July 22nd. The basic materials company reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.84). Cal-Maine Foods had a return on equity of 11.79% and a net margin of 10.88%.The business had revenue of $552.58 million for the quarter, compared to analyst estimates of $563.83 million. During the same period in the previous year, the company posted $7.04 earnings per share. The business’s revenue for the quarter was down 49.9% on a year-over-year basis.

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. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.