Hoxton Planning & Management LLC Purchases New Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Key Points

• Hoxton Planning & Management LLC has acquired 3,569 shares of Cal-Maine Foods, Inc. (NASDAQ:CALM), valued at approximately $324,000, marking a new position in the company.
• Cal-Maine Foods reported a strong earnings performance with $7.04 EPS for the quarter, exceeding estimates by $1.75, and a revenue increase of 72.1% year-over-year.
• Institutional investors hold 84.67% of Cal-Maine Foods' stock, indicating strong interest from significant market players.

Hoxton Planning & Management LLC bought a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,569 shares of the basic materials company's stock, valued at approximately $324,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CALM. Evergreen Capital Management LLC grew its stake in shares of Cal-Maine Foods by 1.7% in the fourth quarter. Evergreen Capital Management LLC now owns 5,755 shares of the basic materials company's stock valued at $592,000 after buying an additional 97 shares in the last quarter. Two Sigma Securities LLC lifted its holdings in shares of Cal-Maine Foods by 2.8% during the fourth quarter. Two Sigma Securities LLC now owns 3,894 shares of the basic materials company's stock worth $401,000 after buying an additional 106 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Cal-Maine Foods by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,290 shares of the basic materials company's stock worth $442,000 after buying an additional 136 shares in the last quarter. Captrust Financial Advisors raised its stake in Cal-Maine Foods by 0.3% in the fourth quarter. Captrust Financial Advisors now owns 55,892 shares of the basic materials company's stock valued at $5,752,000 after purchasing an additional 163 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in Cal-Maine Foods by 8.2% in the first quarter. Sequoia Financial Advisors LLC now owns 2,511 shares of the basic materials company's stock valued at $228,000 after purchasing an additional 191 shares in the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Stephens increased their target price 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. Wall Street Zen cut Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Finally, BMO Capital Markets raised their price objective on Cal-Maine Foods from $100.00 to $105.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th.

Cal-Maine Foods Trading Up 1.3%

Shares of CALM traded up $1.34 during trading hours on Tuesday, hitting $104.95. The company had a trading volume of 407,887 shares, compared to its average volume of 983,787. The company's fifty day moving average price is $101.47 and its two-hundred day moving average price is $97.70. The company has a market capitalization of $5.15 billion, a PE ratio of 4.21 and a beta of 0.19. Cal-Maine Foods, Inc. has a one year low of $68.22 and a one year high of $126.40.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The basic materials company reported $7.04 EPS for the quarter, topping the consensus estimate of $5.29 by $1.75. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $877.03 million. Cal-Maine Foods had a return on equity of 54.81% and a net margin of 28.63%. The company's quarterly revenue was up 72.1% on a year-over-year basis. During the same period last year, the business posted $2.32 earnings per share. Analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current 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.