Quantbot Technologies LP Buys New Stake in Cal-Maine Foods, Inc. $CALM

Quantbot Technologies LP bought a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 31,463 shares of the basic materials company’s stock, valued at approximately $2,860,000. Quantbot Technologies LP owned about 0.06% of Cal-Maine Foods at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Financial Management Professionals Inc. purchased a new position in shares of Cal-Maine Foods during the first quarter worth about $30,000. Investment Management Corp VA ADV grew its holdings in shares of Cal-Maine Foods by 172.2% during the first quarter. Investment Management Corp VA ADV now owns 392 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 248 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Cal-Maine Foods during the first quarter worth about $52,000. Blue Trust Inc. grew its holdings in shares of Cal-Maine Foods by 388.2% during the first quarter. Blue Trust Inc. now owns 620 shares of the basic materials company’s stock worth $56,000 after purchasing an additional 493 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Cal-Maine Foods during the first quarter worth about $77,000. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Stock Up 3.8%

NASDAQ CALM opened at $114.20 on Thursday. Cal-Maine Foods, Inc. has a 52-week low of $68.22 and a 52-week high of $126.40. The business’s 50-day moving average price is $104.50 and its 200 day moving average price is $97.63. The firm has a market cap of $5.60 billion, a P/E ratio of 4.58 and a beta of 0.19.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Tuesday, July 22nd. The basic materials company reported $7.04 EPS for the quarter, beating analysts’ consensus estimates of $5.29 by $1.75. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $877.03 million. Cal-Maine Foods had a net margin of 28.63% and a return on equity of 54.81%. The firm’s revenue was up 72.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.32 earnings per share. As a group, analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on CALM. Wall Street Zen lowered Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 26th. Stephens raised their price objective on Cal-Maine Foods from $108.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, July 24th. The Goldman Sachs Group began coverage on Cal-Maine Foods in a report on Thursday, August 14th. They set a “neutral” rating and a $110.00 price target on the stock. Finally, BMO Capital Markets raised their price target on Cal-Maine Foods from $100.00 to $105.00 and gave the stock a “market perform” rating in a report on Thursday, July 24th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $110.00.

About Cal-Maine Foods

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.