31,463 Shares in Cal-Maine Foods, Inc. $CALM Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP has acquired a new stake in Cal-Maine Foods, purchasing 31,463 shares valued at approximately $2.86 million during the first quarter.
• Cal-Maine Foods reported a strong quarterly performance, with earnings per share (EPS) of $7.04, significantly exceeding analysts' expectations of $5.29.
• Hedge funds and institutional investors own around 84.67% of Cal-Maine Foods’ stock, indicating strong investor interest in the company.

Quantbot Technologies LP bought a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 31,463 shares of the basic materials company's stock, valued at approximately $2,860,000. Quantbot Technologies LP owned approximately 0.06% of Cal-Maine Foods at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northern Trust Corp grew its stake in shares of Cal-Maine Foods by 23.5% in the 1st quarter. Northern Trust Corp now owns 833,054 shares of the basic materials company's stock worth $75,725,000 after buying an additional 158,719 shares during the last quarter. Versor Investments LP raised its position in Cal-Maine Foods by 462.1% in the 1st quarter. Versor Investments LP now owns 18,122 shares of the basic materials company's stock worth $1,647,000 after buying an additional 14,898 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Cal-Maine Foods by 13.4% during the first quarter. American Century Companies Inc. now owns 1,436,943 shares of the basic materials company's stock valued at $130,618,000 after purchasing an additional 170,322 shares during the last quarter. Fox Run Management L.L.C. lifted its holdings in shares of Cal-Maine Foods by 462.4% during the 1st quarter. Fox Run Management L.L.C. now owns 17,632 shares of the basic materials company's stock valued at $1,603,000 after buying an additional 14,497 shares during the period. Finally, Sei Investments Co. lifted its holdings in Cal-Maine Foods by 0.7% in the first quarter. Sei Investments Co. now owns 54,903 shares of the basic materials company's stock valued at $5,368,000 after acquiring an additional 398 shares during the period. 84.67% of the stock is owned by hedge funds and other institutional investors.

Cal-Maine Foods Trading Down 0.4%

CALM stock traded down $0.44 during mid-day trading on Tuesday, reaching $114.99. The company's stock had a trading volume of 676,203 shares, compared to its average volume of 828,994. Cal-Maine Foods, Inc. has a fifty-two week low of $68.22 and a fifty-two week high of $126.40. The stock has a market cap of $5.64 billion, a PE ratio of 4.61 and a beta of 0.19. The company's 50 day moving average is $105.85 and its two-hundred day moving average is $97.77.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted 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 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%. Cal-Maine Foods's revenue was up 72.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.32 EPS. On average, analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Stephens lifted their target price on Cal-Maine Foods from $108.00 to $115.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. 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. Wall Street Zen lowered Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, The Goldman Sachs Group started coverage on Cal-Maine Foods in a research note on Thursday, August 14th. They set a "neutral" rating and a $110.00 target price on the stock. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $110.00.

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.