Cullen Frost Bankers Inc. purchased a new stake in Cal-Maine Foods Inc (NASDAQ:CALM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,252 shares of the basic materials company’s stock, valued at approximately $130,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Oakworth Capital Inc. acquired a new stake in Cal-Maine Foods during the 2nd quarter worth approximately $44,000. NEXT Financial Group Inc increased its stake in shares of Cal-Maine Foods by 28.6% in the 2nd quarter. NEXT Financial Group Inc now owns 1,350 shares of the basic materials company’s stock valued at $56,000 after acquiring an additional 300 shares in the last quarter. Advisor Group Inc. grew its position in Cal-Maine Foods by 17.5% in the 2nd quarter. Advisor Group Inc. now owns 2,574 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 383 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in Cal-Maine Foods in the 1st quarter valued at $161,000. Finally, Bank of Montreal Can grew its position in Cal-Maine Foods by 109.0% in the 2nd quarter. Bank of Montreal Can now owns 4,349 shares of the basic materials company’s stock valued at $181,000 after purchasing an additional 2,268 shares during the period. Institutional investors own 67.42% of the company’s stock.
A number of equities analysts have issued reports on CALM shares. ValuEngine raised shares of Cal-Maine Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, November 1st. Zacks Investment Research upgraded Cal-Maine Foods from a “sell” rating to a “hold” rating and set a $42.00 price target on the stock in a research report on Tuesday, October 1st. BidaskClub cut shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, Stephens set a $45.00 target price on Cal-Maine Foods and gave the stock a “hold” rating in a research note on Monday, September 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $43.50.
Shares of NASDAQ:CALM opened at $41.52 on Friday. Cal-Maine Foods Inc has a 1-year low of $36.65 and a 1-year high of $50.63. The business has a fifty day moving average price of $40.78 and a 200-day moving average price of $40.95. The company has a market capitalization of $2.01 billion, a PE ratio of 35.79 and a beta of 0.39.
Cal-Maine Foods (NASDAQ:CALM) last announced its earnings results on Monday, September 30th. The basic materials company reported ($0.94) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.78). Cal-Maine Foods had a positive return on equity of 0.07% and a negative net margin of 0.31%. The company had revenue of $241.20 million during the quarter, compared to analysts’ expectations of $251.33 million. During the same quarter last year, the firm posted $0.26 EPS. Cal-Maine Foods’s revenue for the quarter was down 29.2% compared to the same quarter last year. On average, analysts expect that Cal-Maine Foods Inc will post 0.31 EPS for the current year.
Cal-Maine Foods Profile
Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.
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