King Luther Capital Management Corp Has $4.35 Million Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

King Luther Capital Management Corp boosted its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 1.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,176 shares of the basic materials company’s stock after acquiring an additional 837 shares during the period. King Luther Capital Management Corp’s holdings in Cal-Maine Foods were worth $4,354,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CALM. Dimensional Fund Advisors LP lifted its holdings in shares of Cal-Maine Foods by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company’s stock worth $159,863,000 after acquiring an additional 114,995 shares during the period. Renaissance Technologies LLC raised its position in Cal-Maine Foods by 5.5% during the second quarter. Renaissance Technologies LLC now owns 2,115,624 shares of the basic materials company’s stock valued at $129,286,000 after purchasing an additional 110,900 shares in the last quarter. American Century Companies Inc. lifted its stake in Cal-Maine Foods by 8.9% during the second quarter. American Century Companies Inc. now owns 1,013,713 shares of the basic materials company’s stock worth $61,948,000 after purchasing an additional 82,772 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Cal-Maine Foods in the 3rd quarter valued at $58,810,000. Finally, Janus Henderson Group PLC increased its stake in shares of Cal-Maine Foods by 162.0% in the 1st quarter. Janus Henderson Group PLC now owns 62,572 shares of the basic materials company’s stock valued at $3,681,000 after purchasing an additional 38,693 shares during the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Up 0.2 %

NASDAQ CALM opened at $95.96 on Friday. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 10.99 and a beta of -0.12. Cal-Maine Foods, Inc. has a twelve month low of $46.30 and a twelve month high of $96.63. The business’s fifty day moving average is $86.02 and its 200 day moving average is $71.99.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 EPS for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.30). Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The firm had revenue of $785.87 million for the quarter, compared to analyst estimates of $704.65 million. During the same period in the previous year, the business posted $0.02 earnings per share. The business’s revenue for the quarter was up 71.1% compared to the same quarter last year. On average, research analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CALM has been the topic of several research analyst reports. StockNews.com lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Saturday. Stephens initiated coverage on shares of Cal-Maine Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target on the stock.

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.