Foundry Partners LLC Decreases Stake in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Foundry Partners LLC reduced its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 58.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,893 shares of the basic materials company's stock after selling 4,139 shares during the period. Foundry Partners LLC's holdings in Cal-Maine Foods were worth $263,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Cal-Maine Foods from $100.00 to $105.00 and gave the company a "market perform" 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 research report on Saturday, July 5th. Finally, 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 report on Thursday.

Cal-Maine Foods Stock Down 8.4%

CALM traded down $10.02 during trading on Thursday, hitting $109.15. The company's stock had a trading volume of 585,465 shares, compared to its average volume of 971,026. Cal-Maine Foods, Inc. has a one year low of $66.86 and a one year high of $126.40. The firm has a market cap of $5.35 billion, a PE ratio of 4.39 and a beta of 0.17. The business's 50 day simple moving average is $99.28 and its 200-day simple moving average is $97.71.

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 EPS for the quarter, beating 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 net margin of 28.63% and a return on equity of 57.75%. Cal-Maine Foods's quarterly revenue was up 72.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.32 earnings per share. Equities research 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.