Cal-Maine Foods, Inc. $CALM Stake Lifted by Edgestream Partners L.P.

Edgestream Partners L.P. increased its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 64.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 154,627 shares of the basic materials company’s stock after acquiring an additional 60,558 shares during the period. Cal-Maine Foods makes up about 0.4% of Edgestream Partners L.P.’s holdings, making the stock its 19th largest holding. Edgestream Partners L.P.’s holdings in Cal-Maine Foods were worth $12,239,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in Cal-Maine Foods by 13.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,519,483 shares of the basic materials company’s stock valued at $199,416,000 after buying an additional 300,910 shares during the last quarter. State Street Corp grew its position in shares of Cal-Maine Foods by 6.8% during the second quarter. State Street Corp now owns 1,716,731 shares of the basic materials company’s stock worth $171,038,000 after acquiring an additional 108,578 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Cal-Maine Foods by 29.7% in the 1st quarter. First Trust Advisors LP now owns 1,552,297 shares of the basic materials company’s stock worth $122,864,000 after acquiring an additional 355,762 shares during the period. Morgan Stanley increased its holdings in shares of Cal-Maine Foods by 9.4% in the 4th quarter. Morgan Stanley now owns 978,163 shares of the basic materials company’s stock worth $77,832,000 after acquiring an additional 84,124 shares during the period. Finally, Northern Trust Corp lifted its position in Cal-Maine Foods by 8.4% in the 3rd quarter. Northern Trust Corp now owns 900,466 shares of the basic materials company’s stock valued at $84,734,000 after purchasing an additional 70,063 shares during the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Up 0.3%

Shares of NASDAQ CALM opened at $93.50 on Thursday. The stock has a market cap of $4.43 billion, a P/E ratio of 14.27 and a beta of 0.25. The firm’s 50-day simple moving average is $81.39 and its 200 day simple moving average is $80.81. Cal-Maine Foods, Inc. has a fifty-two week low of $71.92 and a fifty-two week high of $117.45.

Cal-Maine Foods (NASDAQ:CALM) last announced its 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). The company had revenue of $552.58 million during the quarter, compared to the consensus estimate of $563.83 million. Cal-Maine Foods had a net margin of 10.88% and a return on equity of 11.79%. The business’s quarterly revenue was down 49.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.04 EPS.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CALM shares. Wells Fargo & Company set a $100.00 target price on shares of Cal-Maine Foods in a research note on Monday, July 13th. BMO Capital Markets raised their price target on shares of Cal-Maine Foods from $75.00 to $83.00 and gave the company a “market perform” rating in a research note on Thursday, July 23rd. Stephens cut their price target on Cal-Maine Foods from $90.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 14th. Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a research report on Monday, July 13th. Finally, Wall Street Zen lowered Cal-Maine Foods from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $94.71.

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. 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.