Jefferson Bridge Capital LLC Buys Shares of 13,000 Cal-Maine Foods, Inc. $CALM

Jefferson Bridge Capital LLC bought a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 13,000 shares of the basic materials company’s stock, valued at approximately $1,034,000.

Other hedge funds have also modified their holdings of the company. Sound Income Strategies LLC purchased a new position in shares of Cal-Maine Foods in the 3rd quarter worth $32,000. IFP Advisors Inc raised its holdings in Cal-Maine Foods by 58.2% in the third quarter. IFP Advisors Inc now owns 378 shares of the basic materials company’s stock valued at $37,000 after buying an additional 139 shares during the period. Signaturefd LLC raised its holdings in Cal-Maine Foods by 46.5% in the fourth quarter. Signaturefd LLC now owns 488 shares of the basic materials company’s stock valued at $39,000 after buying an additional 155 shares during the period. National Bank of Canada FI purchased a new stake in shares of Cal-Maine Foods during the third quarter valued at approximately $42,000. Finally, Carolina Wealth Advisors LLC purchased a new stake in shares of Cal-Maine Foods during the third quarter valued at approximately $47,000. 84.67% of the stock is owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Performance

Shares of CALM opened at $77.24 on Wednesday. Cal-Maine Foods, Inc. has a 1 year low of $71.92 and a 1 year high of $126.40. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 5.38 and a beta of 0.32. The firm has a fifty day moving average of $83.34 and a 200-day moving average of $85.31.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings results on Wednesday, April 1st. The basic materials company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.17. Cal-Maine Foods had a net margin of 20.07% and a return on equity of 26.05%. The company had revenue of $666.95 million during the quarter, compared to the consensus estimate of $655.82 million. During the same quarter in the previous year, the company posted $10.39 earnings per share. The company’s revenue for the quarter was down 53.0% compared to the same quarter last year. Analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Cal-Maine Foods Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Wednesday, April 29th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, April 29th. Cal-Maine Foods’s payout ratio is currently 20.14%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CALM shares. Stephens lifted their price objective on shares of Cal-Maine Foods from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Cal-Maine Foods in a research report on Friday, March 27th. BMO Capital Markets decreased their price objective on shares of Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating for the company in a report on Wednesday, March 25th. Finally, Benchmark reaffirmed a “buy” rating on shares of Cal-Maine Foods in a report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $93.00.

Cal-Maine Foods Company Profile

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. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.