Cal-Maine Foods, Inc. $CALM Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 5.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,778,468 shares of the basic materials company’s stock after selling 103,608 shares during the period. Renaissance Technologies LLC’s holdings in Cal-Maine Foods were worth $140,766,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CALM. Dimensional Fund Advisors LP grew its stake in Cal-Maine Foods by 13.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,519,483 shares of the basic materials company’s stock worth $199,416,000 after buying an additional 300,910 shares during the last quarter. State Street Corp raised its stake in Cal-Maine Foods by 6.8% in the second quarter. State Street Corp now owns 1,716,731 shares of the basic materials company’s stock valued at $171,038,000 after buying an additional 108,578 shares during the last quarter. First Trust Advisors LP boosted its holdings in Cal-Maine Foods by 29.7% in the first quarter. First Trust Advisors LP now owns 1,552,297 shares of the basic materials company’s stock worth $122,864,000 after acquiring an additional 355,762 shares in the last quarter. Morgan Stanley boosted its holdings in Cal-Maine Foods by 9.4% in the fourth quarter. Morgan Stanley now owns 978,163 shares of the basic materials company’s stock worth $77,832,000 after acquiring an additional 84,124 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Cal-Maine Foods by 8.4% in the third quarter. Northern Trust Corp now owns 900,466 shares of the basic materials company’s stock worth $84,734,000 after acquiring an additional 70,063 shares in the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CALM. Stephens cut their price objective on shares of Cal-Maine Foods from $90.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 14th. Royal Bank Of Canada set a $100.00 target price on shares of Cal-Maine Foods in a research note on Tuesday, May 26th. BMO Capital Markets boosted their target price on shares of Cal-Maine Foods from $75.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday. Wall Street Zen lowered shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings lowered shares of Cal-Maine Foods from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $94.71.

Cal-Maine Foods Trading Up 2.5%

CALM opened at $90.32 on Friday. Cal-Maine Foods, Inc. has a 12-month low of $71.92 and a 12-month high of $117.45. The firm has a 50 day moving average of $80.57 and a two-hundred day moving average of $80.49. The firm has a market capitalization of $4.28 billion, a PE ratio of 13.79 and a beta of 0.25.

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

Cal-Maine Foods 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.