Cetera Investment Advisers Boosts Stake in Cal-Maine Foods, Inc. $CALM

Cetera Investment Advisers increased its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 36.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,621 shares of the basic materials company’s stock after acquiring an additional 11,888 shares during the period. Cetera Investment Advisers’ holdings in Cal-Maine Foods were worth $3,532,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its position in Cal-Maine Foods by 12.8% during the second quarter. Smartleaf Asset Management LLC now owns 1,022 shares of the basic materials company’s stock worth $101,000 after buying an additional 116 shares during the period. MML Investors Services LLC raised its position in shares of Cal-Maine Foods by 1.8% in the fourth quarter. MML Investors Services LLC now owns 7,428 shares of the basic materials company’s stock valued at $591,000 after buying an additional 131 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in Cal-Maine Foods by 0.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 23,884 shares of the basic materials company’s stock worth $1,900,000 after buying an additional 131 shares during the last quarter. IFP Advisors Inc increased its stake in Cal-Maine Foods by 58.2% during the third quarter. IFP Advisors Inc now owns 378 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 139 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in Cal-Maine Foods by 4.1% during the 3rd quarter. Private Advisor Group LLC now owns 3,899 shares of the basic materials company’s stock worth $367,000 after acquiring an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a research note on Monday, July 13th. Wall Street Zen lowered shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. BMO Capital Markets lifted their target price on Cal-Maine Foods from $75.00 to $83.00 and gave the stock a “market perform” rating in a report on Thursday, July 23rd. Stephens dropped their target price on shares of Cal-Maine Foods from $90.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 14th. Finally, Wells Fargo & Company set a $100.00 price target on Cal-Maine Foods in a research report on Monday, July 13th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $94.71.

Cal-Maine Foods Price Performance

CALM stock opened at $85.67 on Thursday. The business has a fifty day moving average price of $82.37 and a 200 day moving average price of $81.24. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 13.08 and a beta of 0.25. Cal-Maine Foods, Inc. has a fifty-two week low of $71.92 and a fifty-two week high of $117.45.

Cal-Maine Foods (NASDAQ:CALM) last announced its earnings results on Wednesday, July 22nd. The basic materials company reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.84). The company had revenue of $552.58 million for the quarter, compared to analyst estimates of $563.83 million. Cal-Maine Foods had a return on equity of 11.79% and a net margin of 10.88%.Cal-Maine Foods’s revenue for the quarter was down 49.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.04 earnings per share.

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. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.