10,256 Shares in Cal-Maine Foods, Inc. $CALM Purchased by Chapin Davis Inc.

Chapin Davis Inc. bought a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) during the 3rd quarter, Holdings Channel reports. The firm bought 10,256 shares of the basic materials company’s stock, valued at approximately $698,000.

A number of other large investors also recently made changes to their positions in the company. Pinnacle Holdings LLC bought a new stake in Cal-Maine Foods in the 2nd quarter valued at $31,000. Versant Capital Management Inc lifted its holdings in shares of Cal-Maine Foods by 257.7% during the third quarter. Versant Capital Management Inc now owns 626 shares of the basic materials company’s stock worth $43,000 after buying an additional 451 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in shares of Cal-Maine Foods by 13.5% during the second quarter. CoreCap Advisors LLC now owns 1,153 shares of the basic materials company’s stock worth $93,000 after buying an additional 137 shares in the last quarter. Himension Capital Singapore PTE. LTD. bought a new stake in shares of Cal-Maine Foods in the first quarter valued at about $111,000. Finally, Compass Financial Management LLC acquired a new position in shares of Cal-Maine Foods in the second quarter valued at about $153,000. Institutional investors own 84.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on CALM shares. Stephens lowered their price target on shares of Cal-Maine Foods from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 1st. Benchmark cut shares of Cal-Maine Foods from a “strong-buy” rating to a “hold” rating in a report on Friday, September 4th. Wells Fargo & Company set a $100.00 target price on shares of Cal-Maine Foods in a report on Monday, July 13th. The Goldman Sachs Group set a $60.00 price target on shares of Cal-Maine Foods in a research report on Thursday, October 1st. Finally, Weiss Ratings cut Cal-Maine Foods from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $84.17.

Cal-Maine Foods Price Performance

Shares of NASDAQ:CALM opened at $64.83 on Friday. The company’s 50 day simple moving average is $76.38 and its 200 day simple moving average is $78.49. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 55.41 and a beta of 0.25. Cal-Maine Foods, Inc. has a 1 year low of $61.88 and a 1 year high of $95.57.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Wednesday, September 30th. The basic materials company reported ($1.26) EPS for the quarter, missing the consensus estimate of ($0.77) by ($0.49). Cal-Maine Foods had a net margin of 2.32% and a return on equity of 2.21%. The firm had revenue of $539.61 million for the quarter, compared to analyst estimates of $561.57 million. During the same quarter in the prior year, the firm earned $4.12 earnings per share. The firm’s revenue for the quarter was down 41.5% on a year-over-year basis.

About Cal-Maine Foods

Cal-Maine Foods, Inc is a major producer and distributor of shell eggs in the United States. The company supplies eggs to grocery retailers, foodservice operators, food distributors and institutional customers under both its own brands and private-label programs.

Its product portfolio includes conventional eggs as well as specialty products such as cage-free, organic, free-range, brown, pasture-raised and nutritionally enhanced eggs. Cal-Maine also markets hard-boiled eggs and other value-added egg products, and sells eggs through a network of production, processing, packaging and distribution facilities.

Founded in 1969 and headquartered in Jackson, Mississippi, Cal-Maine serves customers throughout the United States and has expanded through acquisitions and investments in production capacity.