Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 9.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,042 shares of the basic materials company’s stock after purchasing an additional 1,536 shares during the quarter. Victory Capital Management Inc.’s holdings in Cal-Maine Foods were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in Cal-Maine Foods in the third quarter valued at $2,402,000. Maryland State Retirement & Pension System purchased a new stake in Cal-Maine Foods during the third quarter valued at about $541,000. State of New Jersey Common Pension Fund D purchased a new stake in Cal-Maine Foods during the third quarter valued at about $2,613,000. First Quadrant L P CA purchased a new stake in Cal-Maine Foods during the third quarter valued at about $246,000. Finally, Total Clarity Wealth Management Inc. purchased a new stake in Cal-Maine Foods during the third quarter valued at about $192,000. Hedge funds and other institutional investors own 79.47% of the company’s stock.

CALM stock opened at $41.13 on Friday. Cal-Maine Foods, Inc. has a 12-month low of $33.85 and a 12-month high of $43.24. The stock has a 50-day moving average price of $37.14 and a two-hundred day moving average price of $36.19. The company has a market cap of $2.01 billion, a PE ratio of -257.06 and a beta of -0.16.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Tuesday, December 28th. The basic materials company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.28). Cal-Maine Foods had a negative return on equity of 0.75% and a negative net margin of 0.53%. The company had revenue of $390.90 million during the quarter, compared to analysts’ expectations of $387.77 million. During the same period in the previous year, the company earned $0.25 EPS. Cal-Maine Foods’s quarterly revenue was up 12.5% on a year-over-year basis. Equities analysts predict that Cal-Maine Foods, Inc. will post 0.68 earnings per share for the current fiscal year.

Separately, Zacks Investment Research downgraded Cal-Maine Foods from a “hold” rating to a “strong sell” rating in a research report on Friday, December 31st.

About Cal-Maine Foods

Cal-Maine Foods, Inc engages in the production, grading, packing, marketing, and distribution of fresh shell eggs. The firm operates farms, processing plants, hatcheries, feed mills, warehouses, offices and other properties. It markets shell eggs to national and regional grocery store chains, club stores, foodservice distributors, and egg product manufacturers.

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

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