Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Bought by Empower Advisory Group LLC

Key Points

• Empower Advisory Group LLC has increased its stake in Cal-Maine Foods by 200% during the first quarter, now owning 6,864 shares valued at approximately $624,000.
• Cal-Maine Foods reported $7.04 EPS for the latest quarter, surpassing analysts' expectations of $5.29, with a revenue of $1.10 billion that represented a 72.1% increase year-over-year.
• Institutional investors hold 84.67% of Cal-Maine Foods' stock, indicating strong institutional interest in the company.

Empower Advisory Group LLC raised its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 200.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,864 shares of the basic materials company's stock after buying an additional 4,576 shares during the quarter. Empower Advisory Group LLC's holdings in Cal-Maine Foods were worth $624,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Northern Trust Corp lifted its stake in shares of Cal-Maine Foods by 60.2% during the 4th quarter. Northern Trust Corp now owns 674,335 shares of the basic materials company's stock worth $69,403,000 after purchasing an additional 253,310 shares during the period. Man Group plc lifted its stake in shares of Cal-Maine Foods by 258.7% during the 4th quarter. Man Group plc now owns 582,711 shares of the basic materials company's stock worth $59,973,000 after purchasing an additional 420,247 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Cal-Maine Foods by 8.7% during the 1st quarter. Bank of New York Mellon Corp now owns 562,810 shares of the basic materials company's stock worth $51,159,000 after purchasing an additional 45,201 shares during the period. Jupiter Asset Management Ltd. lifted its stake in shares of Cal-Maine Foods by 336.5% during the 1st quarter. Jupiter Asset Management Ltd. now owns 487,214 shares of the basic materials company's stock worth $44,288,000 after purchasing an additional 375,604 shares during the period. Finally, Millennium Management LLC raised its position in shares of Cal-Maine Foods by 515.1% in the 4th quarter. Millennium Management LLC now owns 477,477 shares of the basic materials company's stock worth $49,142,000 after buying an additional 399,848 shares during the period. Institutional investors and hedge funds own 84.67% of the company's stock.

Cal-Maine Foods Stock Down 0.1%

Shares of Cal-Maine Foods stock traded down $0.08 during trading hours on Monday, hitting $107.67. 146,200 shares of the company's stock traded hands, compared to its average volume of 974,932. The stock has a 50 day simple moving average of $102.35 and a 200-day simple moving average of $97.51. The company has a market cap of $5.28 billion, a PE ratio of 4.31 and a beta of 0.19. 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 announced its 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. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm earned $2.32 earnings per share. As a group, equities research analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CALM shares. 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 research report on Thursday, July 24th. Wall Street Zen lowered Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a research 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 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.