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Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Bought by XTX Topco Ltd

Cal-Maine Foods logo with Basic Materials background

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.
  • Looking to export and analyze Cal-Maine Foods data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

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

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Northern Trust Corp raised its stake in shares of 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 valued at $69,403,000 after acquiring an additional 253,310 shares in the last quarter. Man Group plc raised its stake in shares of Cal-Maine Foods by 258.7% during the fourth 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. Bank of New York Mellon Corp raised its stake in shares of Cal-Maine Foods by 8.7% during the first 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 in the last quarter. Millennium Management LLC lifted its holdings in Cal-Maine Foods by 515.1% during the fourth quarter. Millennium Management LLC now owns 477,477 shares of the basic materials company's stock worth $49,142,000 after buying an additional 399,848 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in Cal-Maine Foods by 0.3% during the fourth quarter. Nuveen Asset Management LLC now owns 265,449 shares of the basic materials company's stock worth $27,320,000 after buying an additional 818 shares during the period. Institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Stock Up 1.1%

CALM stock traded up $1.14 during midday trading on Thursday, hitting $105.59. The company's stock had a trading volume of 328,699 shares, compared to its average volume of 980,550. Cal-Maine Foods, Inc. has a 52-week low of $68.22 and a 52-week high of $126.40. The firm has a market capitalization of $5.18 billion, a P/E ratio of 4.23 and a beta of 0.19. The firm has a 50-day simple moving average of $101.88 and a 200-day simple moving average of $97.80.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CALM. BMO Capital Markets upped their target price on Cal-Maine Foods from $100.00 to $105.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Stephens increased 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 note on Thursday, July 24th. Finally, Wall Street Zen downgraded shares of Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th.

Check Out Our Latest Research Report on Cal-Maine Foods

About Cal-Maine Foods

(Free Report)

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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Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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