D.A. Davidson & CO. Makes New Investment in Cal-Maine Foods, Inc. (NASDAQ:CALM)

D.A. Davidson & CO. purchased a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,038 shares of the basic materials company’s stock, valued at approximately $302,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CALM. SG Americas Securities LLC increased its stake in Cal-Maine Foods by 362.8% in the second quarter. SG Americas Securities LLC now owns 15,801 shares of the basic materials company’s stock valued at $966,000 after acquiring an additional 12,387 shares during the last quarter. AE Wealth Management LLC lifted its holdings in Cal-Maine Foods by 267.4% in the second quarter. AE Wealth Management LLC now owns 17,747 shares of the basic materials company’s stock valued at $1,085,000 after buying an additional 12,917 shares during the period. Main Street Financial Solutions LLC increased its holdings in Cal-Maine Foods by 47.6% in the second quarter. Main Street Financial Solutions LLC now owns 28,343 shares of the basic materials company’s stock worth $1,732,000 after purchasing an additional 9,145 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Cal-Maine Foods during the 2nd quarter worth approximately $368,000. Finally, Quest Partners LLC increased its stake in Cal-Maine Foods by 50,918.2% in the third quarter. Quest Partners LLC now owns 5,612 shares of the basic materials company’s stock valued at $420,000 after purchasing an additional 5,601 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CALM shares. StockNews.com cut Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Saturday, November 23rd. Stephens began coverage on Cal-Maine Foods in a report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 price target for the company.

Cal-Maine Foods Stock Down 1.4 %

Shares of CALM stock opened at $97.25 on Thursday. The company has a 50 day moving average of $89.45 and a 200-day moving average of $74.15. Cal-Maine Foods, Inc. has a 12-month low of $48.22 and a 12-month high of $100.86. The firm has a market cap of $4.77 billion, a P/E ratio of 11.30 and a beta of -0.10.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Tuesday, October 1st. The basic materials company reported $3.06 EPS for the quarter, missing the consensus estimate of $3.36 by ($0.30). Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The business had revenue of $785.87 million during the quarter, compared to the consensus estimate of $704.65 million. During the same period last year, the business posted $0.02 earnings per share. The firm’s quarterly revenue was up 71.1% on a year-over-year basis. As a group, equities analysts expect that Cal-Maine Foods, Inc. will post 8.54 EPS for the current year.

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.