Los Angeles Capital Management LLC Increases Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Los Angeles Capital Management LLC increased its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,871 shares of the basic materials company’s stock after acquiring an additional 330 shares during the period. Los Angeles Capital Management LLC owned approximately 0.06% of Cal-Maine Foods worth $2,086,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Cal-Maine Foods by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 4,795,570 shares of the basic materials company’s stock valued at $282,219,000 after buying an additional 23,915 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Cal-Maine Foods by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company’s stock worth $159,863,000 after acquiring an additional 114,995 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Cal-Maine Foods by 5.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,115,624 shares of the basic materials company’s stock worth $129,286,000 after purchasing an additional 110,900 shares during the period. American Century Companies Inc. grew its holdings in Cal-Maine Foods by 8.9% during the 2nd quarter. American Century Companies Inc. now owns 1,013,713 shares of the basic materials company’s stock valued at $61,948,000 after purchasing an additional 82,772 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Cal-Maine Foods by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 481,313 shares of the basic materials company’s stock worth $29,413,000 after purchasing an additional 10,287 shares during the period. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CALM has been the subject of several recent analyst reports. The Goldman Sachs Group boosted their target price on Cal-Maine Foods from $47.00 to $52.00 and gave the company a “sell” rating in a research report on Wednesday, July 17th. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th. Finally, Stephens assumed coverage on Cal-Maine Foods in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 target price for the company.

Cal-Maine Foods Stock Performance

Cal-Maine Foods stock opened at $91.29 on Thursday. The company has a market capitalization of $4.48 billion, a PE ratio of 10.46 and a beta of -0.12. The company has a 50 day moving average price of $82.56 and a 200-day moving average price of $70.28. Cal-Maine Foods, Inc. has a fifty-two week low of $45.07 and a fifty-two week high of $95.06.

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

Insiders Place Their Bets

In other news, VP Robert L. Holladay, Jr. sold 1,500 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total value of $106,395.00. Following the completion of the sale, the vice president now owns 16,754 shares in the company, valued at approximately $1,188,361.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.45% of the stock is owned by company insiders.

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.