8,740 Shares in Cal-Maine Foods, Inc. $CALM Bought by Front Street Capital Management Inc.

Front Street Capital Management Inc. purchased a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the second quarter, Holdings Channel reports. The fund purchased 8,740 shares of the basic materials company’s stock, valued at approximately $746,000.

A number of other large investors have also recently bought and sold shares of CALM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cal-Maine Foods by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,401 shares of the basic materials company’s stock worth $2,218,000 after acquiring an additional 1,057 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Cal-Maine Foods by 100.8% during the 1st quarter. NewEdge Advisors LLC now owns 7,985 shares of the basic materials company’s stock valued at $726,000 after purchasing an additional 4,009 shares in the last quarter. United Services Automobile Association bought a new stake in shares of Cal-Maine Foods during the 1st quarter valued at about $245,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Cal-Maine Foods by 10.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,422 shares of the basic materials company’s stock valued at $7,765,000 after purchasing an additional 7,736 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Cal-Maine Foods by 323.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,087 shares of the basic materials company’s stock worth $108,000 after purchasing an additional 830 shares during the period. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CALM has been the subject of a number of research analyst reports. Royal Bank Of Canada set a $100.00 target price on Cal-Maine Foods in a report on Tuesday, May 26th. Stephens reduced their price objective on shares of Cal-Maine Foods from $90.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a research note on Monday, July 13th. Wells Fargo & Company set a $100.00 target price on shares of Cal-Maine Foods in a research report on Monday, July 13th. Finally, Wall Street Zen cut shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $94.71.

Cal-Maine Foods Stock Up 2.2%

Shares of NASDAQ:CALM opened at $84.60 on Tuesday. Cal-Maine Foods, Inc. has a twelve month low of $71.92 and a twelve month high of $117.45. The stock’s 50 day moving average is $83.88 and its 200-day moving average is $81.35. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 12.92 and a beta of 0.25.

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

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. 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.