Royce & Associates LP Has $48.59 Million Position in Cal-Maine Foods Inc (CALM)

Royce & Associates LP cut its stake in shares of Cal-Maine Foods Inc (NASDAQ:CALM) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,093,110 shares of the basic materials company’s stock after selling 6,800 shares during the period. Royce & Associates LP’s holdings in Cal-Maine Foods were worth $48,589,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CALM. Public Employees Retirement System of Ohio grew its stake in shares of Cal-Maine Foods by 22.9% during the second quarter. Public Employees Retirement System of Ohio now owns 3,161 shares of the basic materials company’s stock worth $125,000 after purchasing an additional 590 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Cal-Maine Foods during the third quarter worth $127,000. PNC Financial Services Group Inc. grew its stake in shares of Cal-Maine Foods by 48.1% during the second quarter. PNC Financial Services Group Inc. now owns 3,423 shares of the basic materials company’s stock worth $135,000 after purchasing an additional 1,111 shares during the period. Sei Investments Co. grew its stake in shares of Cal-Maine Foods by 42.4% during the third quarter. Sei Investments Co. now owns 3,882 shares of the basic materials company’s stock worth $160,000 after purchasing an additional 1,156 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Cal-Maine Foods during the third quarter worth $252,000. 63.40% of the stock is owned by institutional investors and hedge funds.

Cal-Maine Foods Inc (NASDAQ:CALM) opened at $42.65 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.78 and a quick ratio of 1.85. Cal-Maine Foods Inc has a twelve month low of $33.40 and a twelve month high of $50.40.

Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Friday, January 5th. The basic materials company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.15). The business had revenue of $361.20 million for the quarter, compared to the consensus estimate of $370.85 million. Cal-Maine Foods had a negative return on equity of 1.15% and a negative net margin of 5.18%. The business’s revenue was up 42.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.48) earnings per share. sell-side analysts anticipate that Cal-Maine Foods Inc will post 1.3 earnings per share for the current year.

CALM has been the subject of a number of analyst reports. BidaskClub cut Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 9th. Zacks Investment Research raised Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Friday, November 17th. Finally, Cleveland Research raised Cal-Maine Foods from a “sell” rating to a “neutral” rating in a research note on Saturday, December 30th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $38.80.

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About Cal-Maine Foods

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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Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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