Roxbury Financial LLC Buys Shares of 7,153 Cal-Maine Foods, Inc. $CALM

Roxbury Financial LLC bought a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,153 shares of the basic materials company’s stock, valued at approximately $576,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Cozad Asset Management Inc. raised its holdings in shares of Cal-Maine Foods by 2.3% during the first quarter. Cozad Asset Management Inc. now owns 32,655 shares of the basic materials company’s stock worth $2,585,000 after acquiring an additional 736 shares in the last quarter. Bank of America Corp DE grew its stake in Cal-Maine Foods by 21.9% in the first quarter. Bank of America Corp DE now owns 505,359 shares of the basic materials company’s stock valued at $39,999,000 after purchasing an additional 90,779 shares in the last quarter. Edgestream Partners L.P. grew its stake in Cal-Maine Foods by 64.4% in the first quarter. Edgestream Partners L.P. now owns 154,627 shares of the basic materials company’s stock valued at $12,239,000 after purchasing an additional 60,558 shares in the last quarter. Janus Henderson Group PLC grew its stake in Cal-Maine Foods by 68.8% in the first quarter. Janus Henderson Group PLC now owns 353,751 shares of the basic materials company’s stock valued at $27,997,000 after purchasing an additional 144,140 shares in the last quarter. Finally, Amundi increased its position in Cal-Maine Foods by 101.3% in the 1st quarter. Amundi now owns 12,314 shares of the basic materials company’s stock worth $975,000 after purchasing an additional 6,196 shares during the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CALM. BMO Capital Markets raised their price target on Cal-Maine Foods from $75.00 to $83.00 and gave the stock a “market perform” rating in a research note on Thursday, July 23rd. Wall Street Zen cut Cal-Maine Foods from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Benchmark restated a “buy” rating on shares of Cal-Maine Foods in a report on Monday, July 13th. Weiss Ratings downgraded Cal-Maine Foods from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. Finally, Wells Fargo & Company set a $100.00 price objective on shares of Cal-Maine Foods in a research report on Monday, July 13th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Cal-Maine Foods has an average rating of “Hold” and an average target price of $94.71.

Cal-Maine Foods Price Performance

Shares of NASDAQ:CALM opened at $87.78 on Monday. Cal-Maine Foods, Inc. has a fifty-two week low of $71.92 and a fifty-two week high of $117.45. The business has a 50-day moving average of $81.80 and a two-hundred day moving average of $81.00. The stock has a market capitalization of $4.12 billion, a P/E ratio of 13.40 and a beta of 0.25.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Wednesday, July 22nd. The basic materials company reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.84). The company had revenue of $552.58 million for the quarter, compared to the consensus estimate of $563.83 million. Cal-Maine Foods had a return on equity of 11.79% and a net margin of 10.88%.The business’s revenue was down 49.9% compared to the same quarter last year. During the same quarter last year, the company posted $7.04 EPS.

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.