Sanctuary Advisors LLC Raises Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Sanctuary Advisors LLC raised its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 7.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,935 shares of the basic materials company’s stock after acquiring an additional 467 shares during the period. Sanctuary Advisors LLC’s holdings in Cal-Maine Foods were worth $519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. bought a new stake in Cal-Maine Foods in the third quarter worth $29,000. Hantz Financial Services Inc. bought a new stake in shares of Cal-Maine Foods in the 2nd quarter worth about $25,000. Hexagon Capital Partners LLC raised its position 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 valued at $32,000 after buying an additional 155 shares in the last quarter. Krane Funds Advisors LLC bought a new position in shares of Cal-Maine Foods in the 3rd quarter valued at about $33,000. Finally, Quarry LP grew its position in Cal-Maine Foods by 1,975.0% in the second quarter. Quarry LP now owns 581 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 553 shares in the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CALM has been the subject of several analyst reports. StockNews.com lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Saturday, November 23rd. Stephens started 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 objective for the company.

Cal-Maine Foods Price Performance

Shares of NASDAQ CALM opened at $102.75 on Thursday. Cal-Maine Foods, Inc. has a 1 year low of $53.02 and a 1 year high of $114.06. The firm has a 50-day simple moving average of $95.90 and a two-hundred day simple moving average of $78.91. The company has a market cap of $5.04 billion, a P/E ratio of 11.77 and a beta of -0.10.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share 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 analysts’ expectations of $704.65 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 71.1% compared to the same quarter last year. As a group, equities research analysts expect that Cal-Maine Foods, Inc. will post 8.54 EPS for the current year.

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.