Pacer Advisors Inc. Sells 54,676 Shares of Cal-Maine Foods, Inc. $CALM

Pacer Advisors Inc. trimmed its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 13.1% in the first quarter, HoldingsChannel.com reports. The firm owned 364,110 shares of the basic materials company’s stock after selling 54,676 shares during the period. Pacer Advisors Inc.’s holdings in Cal-Maine Foods were worth $28,819,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Pinnacle Holdings LLC acquired a new position in Cal-Maine Foods during the 4th quarter worth about $30,000. WealthCollab LLC grew its position in shares of Cal-Maine Foods by 105.2% in the 4th quarter. WealthCollab LLC now owns 431 shares of the basic materials company’s stock valued at $34,000 after buying an additional 221 shares during the last quarter. IFP Advisors Inc increased its stake in shares of 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 buying an additional 139 shares during the period. Signaturefd LLC increased its stake in shares of Cal-Maine Foods by 46.5% in the fourth quarter. Signaturefd LLC now owns 488 shares of the basic materials company’s stock valued at $39,000 after buying an additional 155 shares during the period. Finally, National Bank of Canada FI bought a new position in shares of Cal-Maine Foods during the third quarter worth about $42,000. 84.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Cal-Maine Foods Trading Down 0.8%

Shares of Cal-Maine Foods stock opened at $87.06 on Tuesday. The business has a 50-day moving average price of $82.01 and a two-hundred day moving average price of $81.10. Cal-Maine Foods, Inc. has a 1-year low of $71.92 and a 1-year high of $117.45. The company has a market cap of $4.08 billion, a P/E ratio of 13.29 and a beta of 0.25.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data 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). Cal-Maine Foods had a net margin of 10.88% and a return on equity of 11.79%. The business had revenue of $552.58 million during the quarter, compared to analyst estimates of $563.83 million. During the same period in the prior year, the firm earned $7.04 earnings per share. The firm’s revenue for the quarter was down 49.9% compared to the same quarter last year.

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.