Creative Planning Grows Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Creative Planning grew its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 34.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,249 shares of the basic materials company’s stock after purchasing an additional 2,641 shares during the quarter. Creative Planning’s holdings in Cal-Maine Foods were worth $767,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. purchased a new stake in shares of Cal-Maine Foods during the 2nd quarter valued at approximately $25,000. Hexagon Capital Partners LLC raised its position in shares of Cal-Maine Foods by 57.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock valued at $32,000 after buying an additional 155 shares during the period. Quarry LP raised its position in shares of 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 buying an additional 553 shares during the period. CWM LLC raised its position in shares of Cal-Maine Foods by 120.1% during the 2nd quarter. CWM LLC now owns 625 shares of the basic materials company’s stock valued at $38,000 after buying an additional 341 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Cal-Maine Foods by 73.8% during the 2nd quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock valued at $41,000 after buying an additional 287 shares during the period. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CALM. Stephens began coverage on shares of Cal-Maine Foods in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 price target on the stock. The Goldman Sachs Group boosted their target price on Cal-Maine Foods from $47.00 to $52.00 and gave the company a “sell” rating in a research report on Wednesday, July 17th. Finally, StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday.

Cal-Maine Foods Stock Down 0.8 %

Shares of NASDAQ CALM opened at $87.11 on Friday. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 9.98 and a beta of -0.12. Cal-Maine Foods, Inc. has a 52-week low of $45.07 and a 52-week high of $95.06. The business’s 50 day moving average is $79.52 and its two-hundred day moving average is $68.49.

Cal-Maine Foods (NASDAQ:CALM) last announced 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 net margin of 16.09% and a return on equity of 24.25%. The firm’s revenue for the quarter was up 71.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.02 EPS.

Insider Buying and Selling at Cal-Maine Foods

In other Cal-Maine Foods news, VP Robert L. Holladay, Jr. sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total value of $106,395.00. Following the completion of the transaction, the vice president now owns 16,754 shares in the company, valued at $1,188,361.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 13.45% of the stock is owned by corporate insiders.

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.