Empowered Funds LLC Has $7.46 Million Stock Position in Cal-Maine Foods, Inc. $CALM

Empowered Funds LLC lowered its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 57.3% in the first quarter, HoldingsChannel reports. The fund owned 94,199 shares of the basic materials company’s stock after selling 126,508 shares during the period. Empowered Funds LLC’s holdings in Cal-Maine Foods were worth $7,456,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CALM. IFP Advisors Inc boosted its holdings in Cal-Maine Foods by 58.2% in the third quarter. IFP Advisors Inc now owns 378 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 139 shares during the last quarter. Pinnacle Holdings LLC bought a new stake in Cal-Maine Foods during the 4th quarter worth about $30,000. WealthCollab LLC raised its holdings in Cal-Maine Foods by 105.2% during the 4th quarter. WealthCollab LLC now owns 431 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 221 shares during the last quarter. National Bank of Canada FI bought a new stake in Cal-Maine Foods during the 3rd quarter worth about $42,000. Finally, Signaturefd LLC lifted its position in Cal-Maine Foods by 46.5% during the 4th quarter. Signaturefd LLC now owns 488 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 155 shares during the period. Institutional investors and hedge funds own 84.67% of the company’s stock.

Analysts Set New Price Targets

CALM has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating on shares of Cal-Maine Foods in a research note on Monday, July 13th. Weiss Ratings lowered shares of Cal-Maine Foods from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. 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. Wall Street Zen cut shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Finally, BMO Capital Markets lifted 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 report on Thursday, July 23rd. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $94.71.

Cal-Maine Foods Trading Up 0.8%

NASDAQ:CALM opened at $87.78 on Friday. Cal-Maine Foods, Inc. has a 1-year low of $71.92 and a 1-year high of $117.45. The business’s 50-day moving average price is $81.80 and its two-hundred day moving average price is $80.95. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 13.40 and a beta of 0.25.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Wednesday, July 22nd. The basic materials company reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%.Cal-Maine Foods’s quarterly revenue was down 49.9% on a year-over-year basis. During the same quarter last year, the business posted $7.04 EPS.

About Cal-Maine Foods

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.