9,547 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Acquired by JSF Financial LLC

Key Points

• JSF Financial LLC has acquired a new position in Cal-Maine Foods, Inc., purchasing 9,547 shares valued at approximately $868,000.
• Recent analyst reports indicate a mixed outlook for Cal-Maine, with Wall Street Zen lowering its rating from "strong-buy" to "buy," while BMO Capital Markets and Stephens have raised their target prices to $105.00 and $115.00, respectively.
• Cal-Maine Foods reported significant quarterly earnings, with an earnings per share of $7.04, substantially exceeding analysts' expectations and showing a 72.1% annual revenue increase.

JSF Financial LLC acquired a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,547 shares of the basic materials company's stock, valued at approximately $868,000.

Other institutional investors also recently made changes to their positions in the company. Man Group plc lifted its holdings 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 valued at $59,973,000 after acquiring an additional 420,247 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Cal-Maine Foods by 515.1% during the 4th quarter. Millennium Management LLC now owns 477,477 shares of the basic materials company's stock valued at $49,142,000 after acquiring an additional 399,848 shares in the last quarter. Northern Trust Corp lifted its holdings 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 valued at $69,403,000 after acquiring an additional 253,310 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Cal-Maine Foods by 11,328.9% during the 1st quarter. GAMMA Investing LLC now owns 156,348 shares of the basic materials company's stock valued at $14,212,000 after acquiring an additional 154,980 shares in the last quarter. Finally, Burney Co. acquired a new position in shares of Cal-Maine Foods during the 1st quarter valued at $11,042,000. 84.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on CALM. Wall Street Zen lowered shares of Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. BMO Capital Markets raised their target price on Cal-Maine Foods from $100.00 to $105.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Finally, Stephens lifted 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.

Cal-Maine Foods Stock Performance

Shares of NASDAQ:CALM traded down $2.96 during trading on Friday, hitting $108.19. The company's stock had a trading volume of 464,940 shares, compared to its average volume of 982,449. Cal-Maine Foods, Inc. has a fifty-two week low of $67.40 and a fifty-two week high of $126.40. The stock's 50-day moving average price is $101.05 and its two-hundred day moving average price is $97.98. The company has a market capitalization of $5.31 billion, a PE ratio of 4.33 and a beta of 0.17.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The basic materials company reported $7.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.29 by $1.75. The business 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 company's revenue for the quarter was up 72.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.32 EPS. On average, equities analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

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.