Neuberger Berman Group LLC increased its position in Cal-Maine Foods Inc. (NASDAQ:CALM) by 95.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,588,857 shares of the company’s stock after buying an additional 776,556 shares during the period. Neuberger Berman Group LLC owned about 3.27% of Cal-Maine Foods worth $61,235,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CALM. JPMorgan Chase & Co. boosted its stake in Cal-Maine Foods by 248.5% in the first quarter. JPMorgan Chase & Co. now owns 23,941 shares of the company’s stock worth $1,243,000 after buying an additional 40,062 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Cal-Maine Foods by 79.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,236 shares of the company’s stock valued at $791,000 after buying an additional 6,727 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Cal-Maine Foods by 92.1% in the second quarter. BNP Paribas Arbitrage SA now owns 11,304 shares of the company’s stock valued at $501,000 after buying an additional 5,420 shares in the last quarter. Randolph Co Inc acquired a new stake in shares of Cal-Maine Foods during the second quarter valued at about $2,891,000. Finally, Naples Global Advisors LLC boosted its stake in shares of Cal-Maine Foods by 26.0% in the second quarter. Naples Global Advisors LLC now owns 26,365 shares of the company’s stock valued at $1,168,000 after buying an additional 5,445 shares in the last quarter. 58.88% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

Shares of Cal-Maine Foods Inc. (NASDAQ:CALM) opened at 40.10 on Wednesday. The stock has a 50 day moving average of $38.64 and a 200 day moving average of $41.91. Cal-Maine Foods Inc. has a 1-year low of $35.65 and a 1-year high of $56.49. The stock has a market cap of $1.95 billion, a PE ratio of 13.65 and a beta of 0.80.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Monday, September 26th. The company reported ($0.64) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by $0.31. Cal-Maine Foods had a net margin of 9.23% and a return on equity of 15.81%. The company earned $239.80 million during the quarter. During the same period last year, the business earned $2.95 EPS. The firm’s revenue for the quarter was down 60.7% on a year-over-year basis. Equities research analysts forecast that Cal-Maine Foods Inc. will post ($0.25) EPS for the current year.

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Several analysts recently issued reports on CALM shares. Vetr cut shares of Cal-Maine Foods from a “strong-buy” rating to a “buy” rating and set a $46.33 price objective for the company. in a research note on Wednesday, August 3rd. Zacks Investment Research raised shares of Cal-Maine Foods from a “strong sell” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Monday, August 15th. DA Davidson reaffirmed an “underperform” rating and set a $35.00 price objective (down previously from $37.00) on shares of Cal-Maine Foods in a research note on Tuesday, September 27th. TheStreet cut shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Monday, September 26th. Finally, Goldman Sachs Group Inc. started coverage on shares of Cal-Maine Foods in a research note on Thursday, November 10th. They set a “neutral” rating and a $37.00 price objective for the company. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $39.73.

About Cal-Maine Foods

Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It offers shell eggs, including specialty and non-specialty eggs. It classifies cage free, organic and brown eggs as specialty products.

5 Day Chart for NASDAQ:CALM

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