LPL Financial LLC Sells 5,133 Shares of Cal-Maine Foods, Inc. $CALM

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LPL Financial LLC cut its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 17.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,793 shares of the basic materials company's stock after selling 5,133 shares during the period. LPL Financial LLC owned about 0.05% of Cal-Maine Foods worth $2,254,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Northern Trust Corp lifted its stake in Cal-Maine Foods by 60.2% during the fourth 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 last quarter. Man Group plc lifted its stake in shares of Cal-Maine Foods by 258.7% in 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 during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of 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 acquiring an additional 45,201 shares during the last quarter. Millennium Management LLC lifted its stake 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 valued at $49,142,000 after acquiring an additional 399,848 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of Cal-Maine Foods by 0.3% in the 4th quarter. Nuveen Asset Management LLC now owns 265,449 shares of the basic materials company's stock valued at $27,320,000 after acquiring an additional 818 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wall Street Zen cut Cal-Maine Foods from a "buy" rating to a "hold" rating in a research note on Saturday. Stephens increased their price target on Cal-Maine Foods from $108.00 to $115.00 and gave the company an "equal weight" rating in a research note on Thursday, July 24th. The Goldman Sachs Group assumed coverage on Cal-Maine Foods in a research note on Thursday, August 14th. They issued a "neutral" rating and a $110.00 price target for the company. Finally, BMO Capital Markets increased their price target 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. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $110.00.

Cal-Maine Foods Stock Up 2.5%

CALM traded up $2.79 during midday trading on Friday, hitting $116.04. 740,608 shares of the company were exchanged, compared to its average volume of 884,805. The firm has a market capitalization of $5.69 billion, a P/E ratio of 4.65 and a beta of 0.19. Cal-Maine Foods, Inc. has a 1-year low of $68.22 and a 1-year high of $126.40. The firm's 50 day moving average price is $105.26 and its 200-day moving average price is $97.74.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced 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 firm had revenue of $1.10 billion for 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 business's quarterly revenue was up 72.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.32 EPS. On average, sell-side analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Cal-Maine Foods Company 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.