Martingale Asset Management L P Has $2.94 Million Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Martingale Asset Management L P raised its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 0.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,321 shares of the basic materials company’s stock after acquiring an additional 145 shares during the period. Martingale Asset Management L P owned about 0.08% of Cal-Maine Foods worth $2,943,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Hantz Financial Services Inc. acquired a new position in Cal-Maine Foods in the 2nd quarter worth $25,000. Harbor Capital Advisors Inc. acquired a new position in shares of Cal-Maine Foods during the third quarter worth about $29,000. Hexagon Capital Partners LLC grew its holdings in shares of Cal-Maine Foods by 57.0% during the third quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock worth $32,000 after buying an additional 155 shares in the last quarter. Krane Funds Advisors LLC acquired a new stake in Cal-Maine Foods in the 3rd quarter valued at approximately $33,000. Finally, Quarry LP lifted its stake in Cal-Maine Foods by 1,975.0% in the 2nd quarter. Quarry LP now owns 581 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 553 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Price Performance

Shares of CALM opened at $97.61 on Friday. The company has a market cap of $4.79 billion, a PE ratio of 11.18 and a beta of -0.12. The firm has a 50-day moving average of $88.51 and a 200-day moving average of $73.37. Cal-Maine Foods, Inc. has a one year low of $47.06 and a one year high of $99.63.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CALM shares. StockNews.com downgraded shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Saturday, November 23rd. Stephens started coverage on shares of Cal-Maine Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target on the stock.

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.