Garrison Financial Corp cut its position in shares of Cal-Maine Foods Inc. (NASDAQ:CALM) by 1.5% during the second quarter, Holdings Channel reports. The fund owned 57,047 shares of the company’s stock after selling 870 shares during the period. Cal-Maine Foods comprises 1.7% of Garrison Financial Corp’s portfolio, making the stock its 29th largest position. Garrison Financial Corp’s holdings in Cal-Maine Foods were worth $2,528,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Aviance Capital Management LLC boosted its position in shares of Cal-Maine Foods by 0.7% in the second quarter. Aviance Capital Management LLC now owns 6,410 shares of the company’s stock worth $284,000 after buying an additional 42 shares during the last quarter. Adams Diversified Equity Fund Inc. purchased a new position in shares of Cal-Maine Foods during the second quarter worth $288,000. Huntington Asset Advisors Inc. purchased a new position in shares of Cal-Maine Foods during the first quarter worth $311,000. Fox Run Management L.L.C. purchased a new position in shares of Cal-Maine Foods during the second quarter worth $328,000. Finally, Acrospire Investment Management LLC purchased a new position in shares of Cal-Maine Foods during the first quarter worth $337,000. 63.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Cal-Maine Foods Inc. (NASDAQ:CALM) traded down 1.64% during midday trading on Thursday, hitting $39.68. 986,675 shares of the company were exchanged. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 6.08 and a beta of 0.70. Cal-Maine Foods Inc. has a one year low of $39.32 and a one year high of $63.25. The firm’s 50 day moving average price is $43.26 and its 200 day moving average price is $45.81.
Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings results on Monday, September 26th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by $0.31. Cal-Maine Foods had a net margin of 9.23% and a return on equity of 15.81%. The business earned $239.80 million during the quarter. During the same period in the prior year, the business posted $2.95 EPS. The business’s revenue for the quarter was down 60.7% on a year-over-year basis. Analysts forecast that Cal-Maine Foods Inc. will post $0.37 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on CALM shares. Zacks Investment Research raised shares of Cal-Maine Foods from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 26th. TheStreet cut shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Monday. Vetr raised shares of Cal-Maine Foods from a “buy” rating to a “strong-buy” rating and set a $47.11 price target on the stock in a research report on Thursday, July 28th. BB&T Corp. raised shares of Cal-Maine Foods from an “underweight” rating to a “hold” rating in a research report on Thursday, June 16th. Finally, DA Davidson reissued an “underperform” rating and set a $35.00 price target (down from $37.00) on shares of Cal-Maine Foods in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $50.87.
About Cal-Maine Foods
Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It offers shell eggs, including specialty and non-specialty eggs. It classifies cage free, organic and brown eggs as specialty products.
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