Janus Henderson Group PLC Raises Holdings in Cal-Maine Foods, Inc. $CALM

Janus Henderson Group PLC boosted its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 68.8% during the first quarter, Holdings Channel.com reports. The fund owned 353,751 shares of the basic materials company’s stock after purchasing an additional 144,140 shares during the quarter. Janus Henderson Group PLC’s holdings in Cal-Maine Foods were worth $27,997,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CALM. Northwestern Mutual Wealth Management Co. increased its stake in Cal-Maine Foods by 3,014.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 623,571 shares of the basic materials company’s stock worth $49,618,000 after acquiring an additional 603,551 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Cal-Maine Foods in the 4th quarter valued at about $28,864,000. First Trust Advisors LP lifted its stake 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 valued at $122,864,000 after purchasing an additional 355,762 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Cal-Maine Foods by 13.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,519,483 shares of the basic materials company’s stock worth $199,416,000 after purchasing an additional 300,910 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Cal-Maine Foods by 533.2% during the 4th quarter. Millennium Management LLC now owns 348,762 shares of the basic materials company’s stock worth $27,751,000 after purchasing an additional 293,684 shares during the period. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Price Performance

Shares of NASDAQ CALM opened at $87.78 on Monday. Cal-Maine Foods, Inc. has a 1-year low of $71.92 and a 1-year high of $117.45. The business has a 50-day moving average of $81.80 and a 200-day moving average of $81.00. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 13.40 and a beta of 0.25.

Cal-Maine Foods (NASDAQ:CALM) last posted 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 analyst estimates of $563.83 million. Cal-Maine Foods had a net margin of 10.88% and a return on equity of 11.79%. Cal-Maine Foods’s quarterly revenue was down 49.9% compared to the same quarter last year. During the same quarter last year, the business posted $7.04 EPS.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CALM shares. Weiss Ratings downgraded shares of Cal-Maine Foods from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Stephens reduced their price target on shares of Cal-Maine Foods from $90.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 14th. Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a research note on Monday, July 13th. Royal Bank Of Canada set a $100.00 price objective on shares of Cal-Maine Foods in a research report on Tuesday, May 26th. Finally, BMO Capital Markets raised their target price 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. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus 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.