Burney Co. Buys Shares of 121,472 Cal-Maine Foods, Inc. (NASDAQ:CALM)

Burney Co. bought a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 121,472 shares of the basic materials company's stock, valued at approximately $11,042,000. Burney Co. owned approximately 0.25% of Cal-Maine Foods at the end of the most recent quarter.

Several other large investors have also modified their holdings of CALM. Financial Management Professionals Inc. purchased a new stake in Cal-Maine Foods in the 1st quarter valued at $30,000. Blue Trust Inc. raised its position in Cal-Maine Foods by 388.2% during the 1st quarter. Blue Trust Inc. now owns 620 shares of the basic materials company's stock worth $56,000 after buying an additional 493 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in Cal-Maine Foods during the 1st quarter worth $77,000. Harbor Capital Advisors Inc. raised its position in Cal-Maine Foods by 126.0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 920 shares of the basic materials company's stock worth $84,000 after buying an additional 513 shares during the last quarter. Finally, NBC Securities Inc. raised its position in Cal-Maine Foods by 139,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,400 shares of the basic materials company's stock worth $127,000 after buying an additional 1,399 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company's stock.

Cal-Maine Foods Trading Down 11.1%

Shares of CALM traded down $13.28 during trading hours on Thursday, reaching $105.88. The company had a trading volume of 1,657,882 shares, compared to its average volume of 916,578. The firm has a 50 day simple moving average of $99.95 and a 200-day simple moving average of $97.86. The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 4.24 and a beta of 0.17. Cal-Maine Foods, Inc. has a 12-month low of $66.86 and a 12-month high of $126.40.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CALM. Stephens upped their price objective on shares of Cal-Maine Foods from $108.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Thursday. Wall Street Zen upgraded shares of Cal-Maine Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. Finally, BMO Capital Markets increased their price target on shares of Cal-Maine Foods from $100.00 to $105.00 and gave the company a "market perform" rating in a report on Thursday.

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.