New York State Teachers Retirement System Grows Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

New York State Teachers Retirement System raised its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 5.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,220 shares of the basic materials company’s stock after buying an additional 2,860 shares during the period. New York State Teachers Retirement System owned about 0.10% of Cal-Maine Foods worth $3,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Axiom Advisory LLC raised its stake in shares of Cal-Maine Foods by 3.3% during the 3rd quarter. Axiom Advisory LLC now owns 4,061 shares of the basic materials company’s stock worth $280,000 after acquiring an additional 128 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in shares of Cal-Maine Foods by 57.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 155 shares in the last quarter. Garner Asset Management Corp raised its stake in shares of Cal-Maine Foods by 0.9% during the 2nd quarter. Garner Asset Management Corp now owns 20,252 shares of the basic materials company’s stock worth $1,238,000 after acquiring an additional 183 shares in the last quarter. Regal Investment Advisors LLC raised its stake in shares of Cal-Maine Foods by 3.9% during the 2nd quarter. Regal Investment Advisors LLC now owns 5,404 shares of the basic materials company’s stock worth $330,000 after acquiring an additional 203 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Cal-Maine Foods by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 11,765 shares of the basic materials company’s stock worth $719,000 after acquiring an additional 230 shares in the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. StockNews.com upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group upped their price target on shares of Cal-Maine Foods from $47.00 to $52.00 and gave the company a “sell” rating in a research note on Wednesday, July 17th. Finally, Stephens began coverage on shares of Cal-Maine Foods in a research note on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 price target on the stock.

Insider Transactions at Cal-Maine Foods

In other news, VP Robert L. Holladay, Jr. sold 1,500 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total value of $106,395.00. Following the sale, the vice president now owns 16,754 shares in the company, valued at $1,188,361.22. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 13.45% of the company’s stock.

Cal-Maine Foods Trading Up 2.3 %

Shares of Cal-Maine Foods stock opened at $90.71 on Thursday. Cal-Maine Foods, Inc. has a 12-month low of $45.07 and a 12-month high of $95.06. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 10.39 and a beta of -0.12. The firm’s 50 day simple moving average is $80.18 and its two-hundred day simple moving average is $68.99.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.30). The business had revenue of $785.87 million during the quarter, compared to analyst estimates of $704.65 million. Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The firm’s revenue was up 71.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.02 EPS.

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.