MCF Advisors LLC Purchases Shares of 786 Cal-Maine Foods, Inc. (NASDAQ:CALM)

MCF Advisors LLC acquired a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 786 shares of the basic materials company’s stock, valued at approximately $46,000.

Several other large investors have also made changes to their positions in CALM. Pacer Advisors Inc. increased its position in Cal-Maine Foods by 66.3% in the 4th quarter. Pacer Advisors Inc. now owns 2,375,311 shares of the basic materials company’s stock worth $136,319,000 after buying an additional 947,115 shares during the period. Wasatch Advisors LP bought a new stake in Cal-Maine Foods in the 4th quarter valued at $47,771,000. Balyasny Asset Management L.P. grew its position in Cal-Maine Foods by 748.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 790,266 shares of the basic materials company’s stock worth $45,353,000 after purchasing an additional 697,170 shares during the last quarter. Heartland Advisors Inc. increased its holdings in shares of Cal-Maine Foods by 2,331.6% during the 4th quarter. Heartland Advisors Inc. now owns 363,933 shares of the basic materials company’s stock worth $20,886,000 after purchasing an additional 348,966 shares during the period. Finally, Nuance Investments LLC raised its position in shares of Cal-Maine Foods by 13.0% during the fourth quarter. Nuance Investments LLC now owns 1,771,205 shares of the basic materials company’s stock valued at $101,649,000 after buying an additional 203,771 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stephens reaffirmed an “equal weight” rating and set a $65.00 price objective on shares of Cal-Maine Foods in a report on Wednesday, April 3rd.

Cal-Maine Foods Trading Up 1.0 %

Shares of CALM opened at $61.11 on Friday. Cal-Maine Foods, Inc. has a 1 year low of $42.25 and a 1 year high of $64.76. The stock has a market cap of $3.00 billion, a PE ratio of 10.84 and a beta of -0.05. The stock has a 50 day simple moving average of $58.85 and a 200-day simple moving average of $57.95.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Tuesday, April 2nd. The basic materials company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.55. The firm had revenue of $703.08 million during the quarter, compared to analysts’ expectations of $692.35 million. Cal-Maine Foods had a net margin of 11.61% and a return on equity of 16.79%. Cal-Maine Foods’s revenue was down 29.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.62 EPS. On average, sell-side analysts forecast that Cal-Maine Foods, Inc. will post 4.51 EPS for the current fiscal 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.