Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC trimmed its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 15.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,349 shares of the basic materials company’s stock after selling 9,199 shares during the period. Pathstone Holdings LLC owned about 0.10% of Cal-Maine Foods worth $3,843,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC lifted its position in shares of Cal-Maine Foods by 50,918.2% during the 3rd quarter. Quest Partners LLC now owns 5,612 shares of the basic materials company’s stock valued at $420,000 after acquiring an additional 5,601 shares during the last quarter. Chesapeake Capital Corp IL lifted its holdings in shares of Cal-Maine Foods by 27.9% during the third quarter. Chesapeake Capital Corp IL now owns 7,733 shares of the basic materials company’s stock valued at $577,000 after purchasing an additional 1,687 shares during the last quarter. Natixis Advisors LLC acquired a new position in shares of Cal-Maine Foods in the 3rd quarter valued at $766,000. Empowered Funds LLC increased its stake in Cal-Maine Foods by 0.9% in the 3rd quarter. Empowered Funds LLC now owns 76,232 shares of the basic materials company’s stock worth $5,705,000 after purchasing an additional 654 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Cal-Maine Foods by 29.5% during the 3rd quarter. Victory Capital Management Inc. now owns 129,067 shares of the basic materials company’s stock worth $9,659,000 after buying an additional 29,435 shares during the period. Institutional investors and hedge funds own 84.67% of the company’s stock.

Cal-Maine Foods Trading Up 0.2 %

Shares of NASDAQ CALM opened at $95.96 on Friday. Cal-Maine Foods, Inc. has a one year low of $46.30 and a one year high of $96.63. The business has a 50-day moving average price of $86.02 and a two-hundred day moving average price of $72.10. The firm has a market capitalization of $4.71 billion, a PE ratio of 10.99 and a beta of -0.12.

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

Analysts Set New Price Targets

Several brokerages have commented on CALM. Stephens assumed coverage on shares of Cal-Maine Foods in a report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 target price for the company. StockNews.com lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Saturday.

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.