Garner Asset Management Corp purchased a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 27,487 shares of the basic materials company’s stock, valued at approximately $1,088,000. Cal-Maine Foods comprises 1.0% of Garner Asset Management Corp’s portfolio, making the stock its 29th biggest position. Garner Asset Management Corp owned 0.06% of Cal-Maine Foods at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CALM. BlackRock Inc. increased its stake in Cal-Maine Foods by 3,766.5% during the 1st quarter. BlackRock Inc. now owns 3,706,968 shares of the basic materials company’s stock worth $136,416,000 after purchasing an additional 3,611,093 shares in the last quarter. Vanguard Group Inc. increased its stake in Cal-Maine Foods by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 2,682,585 shares of the basic materials company’s stock worth $98,720,000 after purchasing an additional 127,576 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Cal-Maine Foods by 117.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,712,526 shares of the basic materials company’s stock worth $63,021,000 after purchasing an additional 924,563 shares in the last quarter. Aberdeen Asset Management PLC UK increased its stake in Cal-Maine Foods by 6.2% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,610,763 shares of the basic materials company’s stock worth $63,786,000 after purchasing an additional 93,704 shares in the last quarter. Finally, Royce & Associates LP increased its stake in Cal-Maine Foods by 1.2% during the 2nd quarter. Royce & Associates LP now owns 929,606 shares of the basic materials company’s stock worth $36,812,000 after purchasing an additional 11,400 shares in the last quarter. 61.69% of the stock is owned by institutional investors.

A number of research firms recently issued reports on CALM. Goldman Sachs Group, Inc. (The) cut Cal-Maine Foods from a “neutral” rating to a “sell” rating and set a $31.00 target price for the company. in a research note on Friday, June 16th. BidaskClub cut Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Finally, ValuEngine raised Cal-Maine Foods from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Sell” and an average price target of $36.70.

Cal-Maine Foods, Inc. (NASDAQ:CALM) traded up 0.98% during mid-day trading on Friday, reaching $41.10. The company had a trading volume of 585,097 shares. The firm’s market capitalization is $2.00 billion. The firm’s 50-day moving average is $36.72 and its 200-day moving average is $37.66. Cal-Maine Foods, Inc. has a one year low of $33.40 and a one year high of $46.15.

Cal-Maine Foods (NASDAQ:CALM) last issued 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). Cal-Maine Foods had a negative net margin of 6.91% and a negative return on equity of 8.57%. The business had revenue of $274.60 million during the quarter, compared to analyst estimates of $271.33 million. During the same period last year, the firm posted ($0.01) earnings per share. Cal-Maine Foods’s quarterly revenue was down 9.4% compared to the same quarter last year. On average, equities research analysts anticipate that Cal-Maine Foods, Inc. will post $0.43 earnings per share for the current fiscal year.

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Cal-Maine Foods Company Profile

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.

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

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