32,080 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Purchased by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP invested approximately $2.92 million in Cal-Maine Foods, buying 32,080 shares, making the stock the 16th largest holding in their portfolio.
• Cal-Maine Foods reported an impressive 72.1% increase in revenue year-over-year for the last quarter, with earnings per share (EPS) of $7.04 exceeding expectations by $1.75.
• Institutional investors own 84.67% of Cal-Maine Foods' stock, indicating strong institutional interest in the company and its shares.

GSA Capital Partners LLP bought a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 32,080 shares of the basic materials company's stock, valued at approximately $2,916,000. Cal-Maine Foods accounts for approximately 0.3% of GSA Capital Partners LLP's portfolio, making the stock its 16th biggest position. GSA Capital Partners LLP owned approximately 0.07% of Cal-Maine Foods at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. acquired a new position in Cal-Maine Foods in the 1st quarter valued at $527,000. Bank of New York Mellon Corp increased its stake in Cal-Maine Foods by 8.7% in the 1st quarter. Bank of New York Mellon Corp now owns 562,810 shares of the basic materials company's stock valued at $51,159,000 after buying an additional 45,201 shares during the period. KBC Group NV increased its stake in Cal-Maine Foods by 23.2% in the 1st quarter. KBC Group NV now owns 2,071 shares of the basic materials company's stock valued at $188,000 after buying an additional 390 shares during the period. GAMMA Investing LLC increased its stake in Cal-Maine Foods by 25.7% in the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the basic materials company's stock valued at $156,000 after buying an additional 352 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Cal-Maine Foods in the 4th quarter valued at $1,123,000. 84.67% of the stock is owned by institutional investors and hedge funds.

Cal-Maine Foods Price Performance

Shares of NASDAQ CALM traded down $3.26 during trading on Friday, hitting $107.88. 573,907 shares of the company were exchanged, compared to its average volume of 982,958. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 4.34 and a beta of 0.17. Cal-Maine Foods, Inc. has a 1 year low of $67.40 and a 1 year high of $126.40. The firm's fifty day moving average price is $101.05 and its 200 day moving average price is $97.98.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The basic materials company reported $7.04 EPS for the quarter, topping the consensus estimate of $5.29 by $1.75. The company had revenue of $1.10 billion for 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 54.81%. The business's revenue was up 72.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.32 EPS. On average, research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

CALM has been the topic of several recent research reports. Wall Street Zen cut shares of Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. BMO Capital Markets boosted their target price on shares of Cal-Maine Foods from $100.00 to $105.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Finally, Stephens boosted their target price 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, 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.