Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Purchased by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd significantly increased its holdings in Cal-Maine Foods, Inc. by 3,779.2%, acquiring an additional 5,631 shares to bring its total ownership to 5,780 shares valued at $525,000.
• The company's quarterly earnings report showed $7.04 EPS, surpassing analysts' expectations of $5.29, with revenues of $1.10 billion, up 72.1% year-over-year.
• Multiple investment firms have adjusted their price targets for Cal-Maine Foods, with Stephens raising it from $108.00 to $115.00 and BMO Capital Markets increasing it from $100.00 to $105.00.

Bayforest Capital Ltd increased its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 3,779.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,780 shares of the basic materials company's stock after buying an additional 5,631 shares during the period. Bayforest Capital Ltd's holdings in Cal-Maine Foods were worth $525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC lifted its holdings in Cal-Maine Foods by 1.7% in the 4th quarter. Evergreen Capital Management LLC now owns 5,755 shares of the basic materials company's stock valued at $592,000 after purchasing an additional 97 shares in the last quarter. Two Sigma Securities LLC lifted its holdings in Cal-Maine Foods by 2.8% in the 4th quarter. Two Sigma Securities LLC now owns 3,894 shares of the basic materials company's stock valued at $401,000 after purchasing an additional 106 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in Cal-Maine Foods by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,290 shares of the basic materials company's stock valued at $442,000 after purchasing an additional 136 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Cal-Maine Foods by 0.3% in the 4th 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 lifted its holdings in Cal-Maine Foods by 8.2% in the 1st 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. Hedge funds and other institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Stock Performance

Shares of NASDAQ CALM traded down $3.26 during trading on Friday, hitting $107.88. 926,680 shares of the company were exchanged, compared to its average volume of 1,016,194. Cal-Maine Foods, Inc. has a 12-month low of $67.40 and a 12-month high of $126.40. The company has a fifty day moving average price of $101.30 and a 200-day moving average price of $97.97. The firm has a market capitalization of $5.29 billion, a PE ratio of 4.32 and a beta of 0.19.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted 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. Cal-Maine Foods had a return on equity of 54.81% and a net margin of 28.63%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $877.03 million. During the same quarter in the previous year, the firm earned $2.32 EPS. The company's quarterly revenue was up 72.1% compared to the same quarter last year. Research analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. 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 report on Thursday, July 24th. Wall Street Zen lowered Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Stephens lifted their price target 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.

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.