Crossmark Global Holdings Inc. Buys New Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Crossmark Global Holdings Inc. purchased a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,090 shares of the basic materials company’s stock, valued at approximately $231,000.

A number of other institutional investors also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. bought a new stake in Cal-Maine Foods during the third quarter worth approximately $29,000. Hantz Financial Services Inc. acquired a new stake in shares of Cal-Maine Foods in the second quarter valued at $25,000. Hexagon Capital Partners LLC boosted its stake in 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 valued at $32,000 after buying an additional 155 shares in the last quarter. Krane Funds Advisors LLC acquired a new position in Cal-Maine Foods during the third quarter worth about $33,000. Finally, Quarry LP lifted its holdings in Cal-Maine Foods by 1,975.0% in the 2nd quarter. Quarry LP now owns 581 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 553 shares during the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Cal-Maine Foods Price Performance

CALM stock opened at $93.97 on Tuesday. The firm has a market capitalization of $4.61 billion, a P/E ratio of 10.76 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 company’s 50 day simple moving average is $83.93 and its 200-day simple moving average is $71.12.

Cal-Maine Foods (NASDAQ:CALM) last released 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 business 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%. Cal-Maine Foods’s revenue for the quarter was up 71.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.02 EPS. Sell-side analysts predict that Cal-Maine Foods, Inc. will post 8.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on CALM. Stephens assumed coverage on shares of Cal-Maine Foods in a research note on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 target price for the company. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Friday.

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.