Cerity Partners LLC Buys 313 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Cerity Partners LLC boosted its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 1.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,754 shares of the basic materials company’s stock after purchasing an additional 313 shares during the quarter. Cerity Partners LLC owned approximately 0.06% of Cal-Maine Foods worth $2,152,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Hantz Financial Services Inc. purchased a new position in shares of Cal-Maine Foods in the 2nd quarter worth approximately $25,000. Harbor Capital Advisors Inc. purchased a new position in Cal-Maine Foods in the third quarter worth $29,000. Hexagon Capital Partners LLC increased its position in shares of Cal-Maine Foods by 57.0% during the third quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 155 shares in the last quarter. Krane Funds Advisors LLC purchased a new stake in shares of Cal-Maine Foods during the 3rd quarter valued at $33,000. Finally, Quarry LP boosted its position in shares of Cal-Maine Foods by 1,975.0% in the 2nd quarter. Quarry LP now owns 581 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 553 shares in the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Cal-Maine Foods Trading Up 0.5 %

NASDAQ:CALM opened at $97.61 on Monday. The company has a market capitalization of $4.79 billion, a P/E ratio of 11.18 and a beta of -0.12. Cal-Maine Foods, Inc. has a 12 month low of $47.06 and a 12 month high of $99.63. The firm has a fifty day simple moving average of $88.51 and a 200-day simple moving average of $73.47.

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