Hennion & Walsh Asset Management Inc. Sells 372 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Hennion & Walsh Asset Management Inc. lessened its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 4.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,999 shares of the basic materials company’s stock after selling 372 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Cal-Maine Foods were worth $471,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CALM. Park Place Capital Corp bought a new position in Cal-Maine Foods in the fourth quarter valued at approximately $26,000. Cape Investment Advisory Inc. acquired a new stake in shares of Cal-Maine Foods during the fourth quarter worth $32,000. TFO Wealth Partners LLC increased its holdings in Cal-Maine Foods by 32,400.0% in the fourth quarter. TFO Wealth Partners LLC now owns 650 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 648 shares during the last quarter. Principal Securities Inc. bought a new stake in Cal-Maine Foods in the fourth quarter valued at about $43,000. Finally, MCF Advisors LLC acquired a new position in Cal-Maine Foods in the first quarter valued at about $46,000. Institutional investors and hedge funds own 84.67% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stephens reaffirmed an “equal weight” rating and issued a $65.00 price target on shares of Cal-Maine Foods in a research note on Wednesday, April 3rd.

Cal-Maine Foods Stock Down 1.5 %

Shares of NASDAQ CALM opened at $61.82 on Wednesday. Cal-Maine Foods, Inc. has a twelve month low of $42.25 and a twelve month high of $64.76. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 10.96 and a beta of -0.10. The company’s fifty day moving average is $58.96 and its 200-day moving average is $58.08.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Tuesday, April 2nd. The basic materials company reported $3.00 EPS for the quarter, topping the consensus estimate of $2.45 by $0.55. Cal-Maine Foods had a return on equity of 16.79% and a net margin of 11.61%. The business had revenue of $703.08 million for the quarter, compared to the consensus estimate of $692.35 million. During the same quarter last year, the business posted $6.62 EPS. The firm’s revenue was down 29.5% compared to the same quarter last year. On average, research analysts anticipate that Cal-Maine Foods, Inc. will post 4.51 EPS 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.