Wasatch Advisors LP Has $45.18 Million Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Wasatch Advisors LP reduced its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 7.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 767,753 shares of the basic materials company’s stock after selling 64,638 shares during the quarter. Wasatch Advisors LP owned 1.57% of Cal-Maine Foods worth $45,182,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CALM. Park Place Capital Corp purchased a new position in Cal-Maine Foods during the fourth quarter worth about $26,000. Cape Investment Advisory Inc. purchased a new position in Cal-Maine Foods during the fourth quarter worth about $32,000. TFO Wealth Partners LLC boosted its holdings in Cal-Maine Foods by 32,400.0% during the fourth quarter. TFO Wealth Partners LLC now owns 650 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 648 shares during the last quarter. Principal Securities Inc. purchased a new position in Cal-Maine Foods during the fourth quarter worth about $43,000. Finally, MCF Advisors LLC purchased a new position in Cal-Maine Foods during the first quarter worth about $46,000. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Price Performance

NASDAQ CALM opened at $61.82 on Wednesday. Cal-Maine Foods, Inc. has a 1 year low of $42.25 and a 1 year high of $64.76. The stock has a market capitalization of $3.03 billion, a PE ratio of 10.96 and a beta of -0.10. The company’s 50 day simple moving average is $58.96 and its two-hundred day simple moving average is $58.08.

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

Wall Street Analysts Forecast Growth

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

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.