Cerity Partners LLC Has $1.75 Million Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Cerity Partners LLC cut its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 33.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,235 shares of the basic materials company's stock after selling 9,861 shares during the quarter. Cerity Partners LLC's holdings in Cal-Maine Foods were worth $1,749,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Financial Management Professionals Inc. bought a new position in shares of Cal-Maine Foods in the first quarter valued at $30,000. Blue Trust Inc. lifted its stake 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 acquiring an additional 493 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Cal-Maine Foods in the 1st quarter valued at about $77,000. Harbor Capital Advisors Inc. increased its stake in shares of 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 purchasing an additional 513 shares during the last quarter. Finally, NBC Securities Inc. raised its holdings in shares of Cal-Maine Foods by 139,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,400 shares of the basic materials company's stock valued at $127,000 after purchasing an additional 1,399 shares during the period. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CALM has been the subject of a number of research analyst reports. 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. 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. Finally, Wall Street Zen raised Cal-Maine Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th.

Cal-Maine Foods Stock Down 11.1%

Shares of CALM traded down $13.28 during trading hours on Thursday, hitting $105.88. The company had a trading volume of 1,657,882 shares, compared to its average volume of 916,578. The business has a fifty day moving average of $99.95 and a 200-day moving average of $97.86. The firm has a market cap 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 released its quarterly earnings results on Tuesday, July 22nd. The basic materials company reported $7.04 earnings per share for the quarter, beating the consensus estimate of $5.29 by $1.75. Cal-Maine Foods had a net margin of 28.63% and a return on equity of 54.81%. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $877.03 million. During the same period in the prior year, the firm earned $2.32 EPS. The business's revenue was up 72.1% on a year-over-year basis. On average, equities analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Cal-Maine Foods 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.