Kingsview Wealth Management LLC Makes New $563,000 Investment in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Kingsview Wealth Management LLC bought a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,519 shares of the basic materials company’s stock, valued at approximately $563,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC increased its stake in shares of Cal-Maine Foods by 362.8% in the second quarter. SG Americas Securities LLC now owns 15,801 shares of the basic materials company’s stock valued at $966,000 after buying an additional 12,387 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Cal-Maine Foods by 162.0% in the first quarter. Janus Henderson Group PLC now owns 62,572 shares of the basic materials company’s stock valued at $3,681,000 after buying an additional 38,693 shares in the last quarter. AE Wealth Management LLC increased its stake in shares of Cal-Maine Foods by 267.4% in the second quarter. AE Wealth Management LLC now owns 17,747 shares of the basic materials company’s stock valued at $1,085,000 after buying an additional 12,917 shares in the last quarter. Main Street Financial Solutions LLC increased its stake in shares of Cal-Maine Foods by 47.6% in the second quarter. Main Street Financial Solutions LLC now owns 28,343 shares of the basic materials company’s stock valued at $1,732,000 after buying an additional 9,145 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Cal-Maine Foods in the second quarter valued at $368,000. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Up 0.5 %

Cal-Maine Foods stock opened at $97.15 on Thursday. The business’s 50-day simple moving average is $87.07 and its 200 day simple moving average is $72.75. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 11.13 and a beta of -0.12. Cal-Maine Foods, Inc. has a 12-month low of $46.30 and a 12-month high of $99.63.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.36 by ($0.30). Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The firm had revenue of $785.87 million during the quarter, compared to the consensus estimate of $704.65 million. During the same quarter in the prior year, the business earned $0.02 EPS. Cal-Maine Foods’s revenue was up 71.1% on a year-over-year basis. As a group, sell-side analysts expect that Cal-Maine Foods, Inc. will post 8.54 EPS for the current year.

Analyst Upgrades and Downgrades

CALM has been the subject of a number of research reports. Stephens assumed coverage on Cal-Maine Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 target price for the company. StockNews.com cut Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Saturday, November 23rd.

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.