Good Life Advisors LLC raised its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,842 shares of the basic materials company’s stock after buying an additional 475 shares during the period. Good Life Advisors LLC’s holdings in Cal-Maine Foods were worth $360,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. State of Alaska Department of Revenue raised its stake in shares of Cal-Maine Foods by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,280 shares of the basic materials company’s stock valued at $120,000 after buying an additional 60 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Cal-Maine Foods by 138.3% in the second quarter. Bessemer Group Inc. now owns 3,649 shares of the basic materials company’s stock valued at $145,000 after buying an additional 2,118 shares during the last quarter. Carroll Financial Associates Inc. acquired a new stake in shares of Cal-Maine Foods during the second quarter valued at approximately $162,000. FNY Managed Accounts LLC purchased a new position in Cal-Maine Foods during the first quarter valued at $187,000. Finally, Juncture Wealth Strategies LLC purchased a new position in Cal-Maine Foods during the second quarter valued at $202,000. 62.05% of the stock is currently owned by institutional investors.

Cal-Maine Foods, Inc. (NASDAQ:CALM) traded up 0.209% during trading on Wednesday, hitting $35.975. The stock had a trading volume of 30,940 shares. The stock’s 50 day moving average price is $36.35 and its 200 day moving average price is $37.80. Cal-Maine Foods, Inc. has a 12-month low of $33.40 and a 12-month high of $46.47. The firm’s market cap is $1.75 billion.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Monday, July 24th. The basic materials company reported ($0.51) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.42. The business had revenue of $274.60 million during the quarter, compared to analyst estimates of $271.33 million. Cal-Maine Foods had a negative return on equity of 8.57% and a negative net margin of 6.91%. The company’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.01) EPS. On average, analysts anticipate that Cal-Maine Foods, Inc. will post $0.26 EPS for the current fiscal year.

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CALM has been the topic of several research reports. Goldman Sachs Group, Inc. (The) downgraded Cal-Maine Foods from a “neutral” rating to a “sell” rating and set a $31.00 target price on the stock. in a research report on Friday, June 16th. Cleveland Research downgraded Cal-Maine Foods from a “neutral” rating to an “underperform” rating and set a $30.00 target price on the stock. in a research report on Tuesday, May 30th. BidaskClub downgraded Cal-Maine Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, ValuEngine upgraded Cal-Maine Foods from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Cal-Maine Foods currently has a consensus rating of “Hold” and a consensus target price of $36.70.

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.

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

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