10,236 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Purchased by Natixis Advisors LLC

Natixis Advisors LLC acquired a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,236 shares of the basic materials company’s stock, valued at approximately $766,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its stake in Cal-Maine Foods by 362.8% in the 2nd quarter. SG Americas Securities LLC now owns 15,801 shares of the basic materials company’s stock worth $966,000 after buying an additional 12,387 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Cal-Maine Foods by 162.0% in the 1st quarter. Janus Henderson Group PLC now owns 62,572 shares of the basic materials company’s stock worth $3,681,000 after buying an additional 38,693 shares during the last quarter. AE Wealth Management LLC boosted its stake in Cal-Maine Foods by 267.4% in the 2nd quarter. AE Wealth Management LLC now owns 17,747 shares of the basic materials company’s stock worth $1,085,000 after buying an additional 12,917 shares during the last quarter. Main Street Financial Solutions LLC boosted its stake in Cal-Maine Foods by 47.6% in the 2nd quarter. Main Street Financial Solutions LLC now owns 28,343 shares of the basic materials company’s stock worth $1,732,000 after buying an additional 9,145 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Cal-Maine Foods in the 2nd quarter worth about $368,000. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Stephens assumed coverage on Cal-Maine Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target on the stock. StockNews.com lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Saturday, November 23rd.

Cal-Maine Foods Price Performance

NASDAQ CALM opened at $97.15 on Thursday. The firm has a market capitalization of $4.76 billion, a P/E ratio of 11.22 and a beta of -0.12. Cal-Maine Foods, Inc. has a 1-year low of $46.30 and a 1-year high of $99.63. The business’s 50-day simple moving average is $87.07 and its 200-day simple moving average is $72.75.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing the consensus estimate of $3.36 by ($0.30). The firm had revenue of $785.87 million during the quarter, compared to analyst estimates of $704.65 million. Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The business’s revenue for the quarter was up 71.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 earnings per share. On average, equities research analysts expect that Cal-Maine Foods, Inc. will post 8.54 EPS for the current fiscal year.

About Cal-Maine Foods

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.