Stifel Financial Corp Raises Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Stifel Financial Corp lifted its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 1.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,049 shares of the basic materials company’s stock after purchasing an additional 188 shares during the period. Stifel Financial Corp’s holdings in Cal-Maine Foods were worth $1,126,000 at the end of the most recent quarter.

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

Cal-Maine Foods Stock Performance

Shares of Cal-Maine Foods stock opened at $102.89 on Monday. The company has a market capitalization of $5.05 billion, a PE ratio of 11.79 and a beta of -0.10. The company has a 50-day simple moving average of $95.32 and a two-hundred day simple moving average of $77.99. Cal-Maine Foods, Inc. has a one year low of $53.02 and a one year high of $114.06.

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

Wall Street Analyst Weigh In

CALM has been the subject of several research reports. StockNews.com cut shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd. Stephens started coverage on Cal-Maine Foods in a report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 target price for the company.

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.