Brandes Investment Partners LP Invests $235,000 in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Brandes Investment Partners LP acquired a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,096 shares of the basic materials company’s stock, valued at approximately $235,000.

Several other institutional investors have also recently made changes to their positions in CALM. Pacer Advisors Inc. grew its position in shares of Cal-Maine Foods by 66.3% during the fourth quarter. Pacer Advisors Inc. now owns 2,375,311 shares of the basic materials company’s stock worth $136,319,000 after purchasing an additional 947,115 shares in the last quarter. William Blair Investment Management LLC purchased a new position in Cal-Maine Foods during the 3rd quarter valued at approximately $33,105,000. Heartland Advisors Inc. grew its holdings in Cal-Maine Foods by 2,331.6% during the 4th quarter. Heartland Advisors Inc. now owns 363,933 shares of the basic materials company’s stock valued at $20,886,000 after buying an additional 348,966 shares in the last quarter. Nuance Investments LLC grew its holdings in Cal-Maine Foods by 25.8% during the 3rd quarter. Nuance Investments LLC now owns 1,567,434 shares of the basic materials company’s stock valued at $75,895,000 after buying an additional 321,438 shares in the last quarter. Finally, Atlas FRM LLC purchased a new position in Cal-Maine Foods during the 3rd quarter valued at approximately $9,684,000. Institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Price Performance

Shares of Cal-Maine Foods stock traded down $0.42 on Wednesday, reaching $60.65. The company had a trading volume of 97,838 shares, compared to its average volume of 631,889. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 10.89 and a beta of -0.02. The firm’s 50-day moving average price is $59.34 and its two-hundred day moving average price is $55.92. Cal-Maine Foods, Inc. has a 1 year low of $42.25 and a 1 year high of $64.76.

Cal-Maine Foods (NASDAQ:CALM) last announced its earnings results on Tuesday, April 2nd. The basic materials company reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.55. Cal-Maine Foods had a return on equity of 16.79% and a net margin of 11.61%. The firm had revenue of $703.08 million during the quarter, compared to analysts’ expectations of $692.35 million. During the same quarter in the previous year, the business earned $6.62 EPS. The company’s quarterly revenue was down 29.5% on a year-over-year basis. As a group, analysts anticipate that Cal-Maine Foods, Inc. will post 4.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Stephens reiterated an “equal weight” rating and issued a $65.00 target price on shares of Cal-Maine Foods in a report on Wednesday, April 3rd.

About Cal-Maine Foods

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.