XTX Topco Ltd Has $938,000 Stake in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Key Points

• XTX Topco Ltd has increased its stake in Cal-Maine Foods, Inc. by 35.9%, owning 10,321 shares worth $938,000 as of the end of the recent quarter.
• Cal-Maine Foods reported a significant year-over-year revenue increase of 72.1%, with earnings per share of $7.04 for the last quarter, exceeding expectations.
• Recent analyst actions include a downgrade by Wall Street Zen and price target increases from both BMO Capital Markets and Stephens, reflecting mixed sentiment in the market.

XTX Topco Ltd lifted its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 35.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,321 shares of the basic materials company's stock after acquiring an additional 2,725 shares during the quarter. XTX Topco Ltd's holdings in Cal-Maine Foods were worth $938,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Evergreen Capital Management LLC raised its position in Cal-Maine Foods by 1.7% in the 4th quarter. Evergreen Capital Management LLC now owns 5,755 shares of the basic materials company's stock valued at $592,000 after purchasing an additional 97 shares during the last quarter. Two Sigma Securities LLC increased its stake in shares of Cal-Maine Foods by 2.8% in the fourth quarter. Two Sigma Securities LLC now owns 3,894 shares of the basic materials company's stock valued at $401,000 after buying an additional 106 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of Cal-Maine Foods by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,290 shares of the basic materials company's stock valued at $442,000 after buying an additional 136 shares during the last quarter. Captrust Financial Advisors lifted its position in Cal-Maine Foods by 0.3% during the 4th quarter. Captrust Financial Advisors now owns 55,892 shares of the basic materials company's stock worth $5,752,000 after buying an additional 163 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in Cal-Maine Foods by 8.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,511 shares of the basic materials company's stock worth $228,000 after acquiring an additional 191 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Stock Down 2.9%

Shares of CALM stock opened at $107.88 on Friday. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 4.32 and a beta of 0.19. Cal-Maine Foods, Inc. has a 12 month low of $67.40 and a 12 month high of $126.40. The stock has a 50-day moving average price of $101.30 and a 200 day moving average price of $97.87.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly 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 during the quarter, compared to analysts' expectations 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 quarter in the previous year, the company earned $2.32 EPS. Sell-side analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on CALM. Wall Street Zen downgraded 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 price objective 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 upped their price objective on Cal-Maine Foods from $108.00 to $115.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th.

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.

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