Midas Management Corp held its stake in shares of Cal-Maine Foods Inc. (NASDAQ:CALM) during the second quarter, Holdings Channel reports. The firm owned 23,000 shares of the company’s stock at the end of the second quarter. Midas Management Corp’s holdings in Cal-Maine Foods were worth $1,019,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in CALM. Aviance Capital Management LLC increased its position in Cal-Maine Foods by 0.7% in the second quarter. Aviance Capital Management LLC now owns 6,410 shares of the company’s stock valued at $284,000 after buying an additional 42 shares during the period. Adams Diversified Equity Fund Inc. purchased a new position in shares of Cal-Maine Foods during the second quarter valued at approximately $288,000. Fox Run Management L.L.C. purchased a new position in shares of Cal-Maine Foods during the second quarter valued at approximately $328,000. HBK Investments L P purchased a new position in shares of Cal-Maine Foods during the first quarter valued at approximately $351,000. Finally, M&T Bank Corp increased its position in shares of Cal-Maine Foods by 3.0% in the first quarter. M&T Bank Corp now owns 8,784 shares of the company’s stock valued at $456,000 after buying an additional 256 shares during the last quarter. 63.87% of the stock is currently owned by institutional investors and hedge funds.
Cal-Maine Foods Inc. (NASDAQ:CALM) traded down 1.28% during mid-day trading on Monday, reaching $37.93. 394,489 shares of the company traded hands. Cal-Maine Foods Inc. has a 12-month low of $37.11 and a 12-month high of $63.00. The firm has a market capitalization of $1.84 billion, a P/E ratio of 12.91 and a beta of 0.75. The company’s 50 day moving average price is $41.49 and its 200 day moving average price is $44.57.
Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings results on Monday, September 26th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.33) by $0.31. The firm had revenue of $239.80 million for the quarter. Cal-Maine Foods had a net margin of 9.23% and a return on equity of 15.81%. The company’s revenue for the quarter was down 60.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.95 EPS. Equities research analysts predict that Cal-Maine Foods Inc. will post $0.37 EPS for the current year.
CALM has been the topic of several analyst reports. Zacks Investment Research raised shares of Cal-Maine Foods from a “strong sell” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Monday, August 15th. Vetr downgraded shares of Cal-Maine Foods from a “strong-buy” rating to a “buy” rating and set a $46.33 target price on the stock. in a research note on Wednesday, August 3rd. TheStreet downgraded shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Monday, September 26th. Finally, DA Davidson reaffirmed an “underperform” rating and issued a $35.00 target price (down from $37.00) on shares of Cal-Maine Foods in a research note on Tuesday, September 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.44.
Cal-Maine Foods Company Profile
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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