New Age Alpha Advisors LLC Has $189,000 Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Key Points

• New Age Alpha Advisors LLC reduced its holdings in Cal-Maine Foods by 52.8% during the first quarter, selling 2,324 shares, leaving them with a total of 2,079 shares valued at $189,000.
• Several institutional investors, including Jupiter Asset Management Ltd., have increased their positions in Cal-Maine Foods significantly, with Jupiter boosting its stake by 336.5% during the same period.
• Cal-Maine Foods reported $7.04 EPS for the last quarter, exceeding expectations, with a revenue of $1.10 billion, a 72.1% increase from the previous year.

New Age Alpha Advisors LLC decreased its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 52.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,079 shares of the basic materials company's stock after selling 2,324 shares during the period. New Age Alpha Advisors LLC's holdings in Cal-Maine Foods were worth $189,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Financial Management Professionals Inc. purchased a new position in Cal-Maine Foods in the first quarter valued at about $30,000. Investment Management Corp VA ADV boosted its holdings in Cal-Maine Foods by 172.2% in the first quarter. Investment Management Corp VA ADV now owns 392 shares of the basic materials company's stock valued at $36,000 after purchasing an additional 248 shares during the last quarter. Blue Trust Inc. boosted its holdings in Cal-Maine Foods by 388.2% in the first quarter. Blue Trust Inc. now owns 620 shares of the basic materials company's stock valued at $56,000 after purchasing an additional 493 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in Cal-Maine Foods in the first quarter valued at about $77,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in Cal-Maine Foods by 126.0% in the first quarter. Harbor Capital Advisors Inc. now owns 920 shares of the basic materials company's stock valued at $84,000 after purchasing an additional 513 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Stock Performance

Shares of CALM stock traded up $1.82 during mid-day trading on Wednesday, hitting $109.65. 1,052,347 shares of the stock traded hands, compared to its average volume of 976,145. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 4.39 and a beta of 0.19. The company's 50-day simple moving average is $102.78 and its 200-day simple moving average is $97.58. Cal-Maine Foods, Inc. has a twelve month low of $68.22 and a twelve month high of $126.40.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The basic materials company reported $7.04 earnings per share 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 revenue was up 72.1% compared to the same quarter last year. During the same period last year, the company posted $2.32 EPS. 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 research analysts have commented on CALM shares. BMO Capital Markets increased their target price on Cal-Maine Foods from $100.00 to $105.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Wall Street Zen downgraded Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Finally, 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.

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.