39,495 Shares in Cal-Maine Foods, Inc. $CALM Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 39,495 shares of the basic materials company’s stock, valued at approximately $3,182,000.

Other large investors have also modified their holdings of the company. California State Teachers Retirement System lifted its position in shares of Cal-Maine Foods by 7,727.9% in the 2nd quarter. California State Teachers Retirement System now owns 4,007,941 shares of the basic materials company’s stock worth $322,880,000 after purchasing an additional 3,956,740 shares during the period. Bank of New York Mellon Corp purchased a new position in Cal-Maine Foods during the second quarter valued at approximately $57,894,000. Northwestern Mutual Wealth Management Co. raised its stake in Cal-Maine Foods by 3,014.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 623,571 shares of the basic materials company’s stock worth $49,618,000 after buying an additional 603,551 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in Cal-Maine Foods in the fourth quarter worth approximately $28,864,000. Finally, First Trust Advisors LP lifted its holdings in Cal-Maine Foods by 29.7% during the first quarter. First Trust Advisors LP now owns 1,552,297 shares of the basic materials company’s stock worth $122,864,000 after buying an additional 355,762 shares during the period. Institutional investors own 84.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wall Street Zen downgraded Cal-Maine Foods from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Weiss Ratings cut Cal-Maine Foods from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Stephens dropped their price objective on 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. Benchmark lowered Cal-Maine Foods from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 4th. Finally, BMO Capital Markets boosted their target price on shares of Cal-Maine Foods from $75.00 to $83.00 and gave the stock a “market perform” rating in a report on Thursday, July 23rd. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $94.71.

Cal-Maine Foods Trading Up 0.7%

Shares of CALM stock opened at $73.71 on Friday. Cal-Maine Foods, Inc. has a 12-month low of $71.92 and a 12-month high of $111.76. The business’s fifty day simple moving average is $83.50 and its 200-day simple moving average is $80.85. The company has a market cap of $3.46 billion, a PE ratio of 11.25 and a beta of 0.23.

Cal-Maine Foods (NASDAQ:CALM) last announced its earnings results on Wednesday, July 22nd. The basic materials company reported ($0.76) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.84). Cal-Maine Foods had a return on equity of 11.79% and a net margin of 10.88%.The business had revenue of $552.58 million for the quarter, compared to analysts’ expectations of $563.83 million. During the same quarter last year, the firm earned $7.04 earnings per share. The firm’s quarterly revenue 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.