Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 29.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,067 shares of the basic materials company’s stock after acquiring an additional 29,435 shares during the period. Victory Capital Management Inc. owned approximately 0.26% of Cal-Maine Foods worth $9,659,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC increased its position in shares of Cal-Maine Foods by 362.8% in the second quarter. SG Americas Securities LLC now owns 15,801 shares of the basic materials company’s stock worth $966,000 after acquiring an additional 12,387 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Cal-Maine Foods by 162.0% in the first quarter. Janus Henderson Group PLC now owns 62,572 shares of the basic materials company’s stock worth $3,681,000 after acquiring an additional 38,693 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of Cal-Maine Foods in the first quarter worth $479,000. Vanguard Group Inc. boosted its stake in shares of Cal-Maine Foods by 0.5% in the first quarter. Vanguard Group Inc. now owns 4,795,570 shares of the basic materials company’s stock valued at $282,219,000 after purchasing an additional 23,915 shares during the period. Finally, AE Wealth Management LLC boosted its stake in shares of Cal-Maine Foods by 267.4% in the second quarter. AE Wealth Management LLC now owns 17,747 shares of the basic materials company’s stock valued at $1,085,000 after purchasing an additional 12,917 shares during the period. Institutional investors and hedge funds own 84.67% of the company’s stock.

Cal-Maine Foods Stock Performance

Shares of Cal-Maine Foods stock opened at $95.78 on Friday. Cal-Maine Foods, Inc. has a 1 year low of $45.07 and a 1 year high of $96.50. The firm’s 50-day simple moving average is $85.49 and its 200-day simple moving average is $71.72. The firm has a market cap of $4.70 billion, a PE ratio of 10.97 and a beta of -0.12.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Stephens assumed coverage on shares of Cal-Maine Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 target price for the company. StockNews.com upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Friday, November 15th.

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.