Royce & Associates LP raised its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 18.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,099,910 shares of the basic materials company’s stock after purchasing an additional 170,304 shares during the quarter. Royce & Associates LP owned 2.26% of Cal-Maine Foods worth $45,206,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC acquired a new position in shares of Cal-Maine Foods in the second quarter worth $78,336,000. Aberdeen Asset Management PLC UK grew its stake in shares of Cal-Maine Foods by 6.2% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,610,763 shares of the basic materials company’s stock worth $63,786,000 after acquiring an additional 93,704 shares in the last quarter. State Street Corp grew its stake in shares of Cal-Maine Foods by 4.2% in the second quarter. State Street Corp now owns 757,120 shares of the basic materials company’s stock worth $29,984,000 after acquiring an additional 30,863 shares in the last quarter. Northern Trust Corp grew its stake in shares of Cal-Maine Foods by 2.5% in the second quarter. Northern Trust Corp now owns 497,899 shares of the basic materials company’s stock worth $19,717,000 after acquiring an additional 12,075 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of Cal-Maine Foods by 5.5% in the third quarter. Allianz Asset Management GmbH now owns 400,970 shares of the basic materials company’s stock worth $16,480,000 after acquiring an additional 20,866 shares in the last quarter. 66.30% of the stock is currently owned by institutional investors.

Cal-Maine Foods, Inc. (NASDAQ CALM) opened at $45.35 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.14 and a current ratio of 6.67. Cal-Maine Foods, Inc. has a 12 month low of $33.40 and a 12 month high of $50.40.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Monday, October 2nd. The basic materials company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.18). The firm had revenue of $262.80 million for the quarter, compared to analyst estimates of $265.50 million. Cal-Maine Foods had a negative return on equity of 6.97% and a negative net margin of 5.41%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.64) EPS. analysts forecast that Cal-Maine Foods, Inc. will post 0.9 earnings per share for the current fiscal year.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Friday, November 17th. Stephens upgraded shares of Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $35.00 to $50.00 in a research note on Tuesday, October 3rd. Four analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $40.08.

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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.

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

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