BNP Paribas Arbitrage SA Sells 5,731 Shares of Cal-Maine Foods Inc (CALM)

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BNP Paribas Arbitrage SA lessened its position in Cal-Maine Foods Inc (NASDAQ:CALM) by 37.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,473 shares of the basic materials company’s stock after selling 5,731 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Cal-Maine Foods were worth $414,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Great West Life Assurance Co. Can increased its position in shares of Cal-Maine Foods by 1.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 245,174 shares of the basic materials company’s stock worth $10,751,000 after purchasing an additional 2,850 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Cal-Maine Foods by 118.8% during the 1st quarter. JPMorgan Chase & Co. now owns 20,023 shares of the basic materials company’s stock worth $875,000 after purchasing an additional 10,870 shares during the last quarter. BlackRock Inc. increased its position in shares of Cal-Maine Foods by 1.5% during the 1st quarter. BlackRock Inc. now owns 3,828,096 shares of the basic materials company’s stock worth $167,289,000 after purchasing an additional 56,980 shares during the last quarter. Dean Investment Associates LLC increased its position in shares of Cal-Maine Foods by 17.7% during the 1st quarter. Dean Investment Associates LLC now owns 101,112 shares of the basic materials company’s stock worth $4,419,000 after purchasing an additional 15,235 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new position in shares of Cal-Maine Foods during the 1st quarter worth approximately $222,000. 56.89% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods opened at $51.55 on Thursday, MarketBeat.com reports. The company has a market cap of $2.48 billion, a P/E ratio of -33.47 and a beta of 0.59. Cal-Maine Foods Inc has a 1-year low of $33.40 and a 1-year high of $52.30.

Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Monday, April 2nd. The basic materials company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.01. The business had revenue of $435.80 million for the quarter, compared to analyst estimates of $404.33 million. Cal-Maine Foods had a return on equity of 5.62% and a net margin of 2.23%. The firm’s revenue was up 42.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.09 EPS. analysts anticipate that Cal-Maine Foods Inc will post 2.95 earnings per share for the current fiscal year.

Several research firms have weighed in on CALM. ValuEngine raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. BidaskClub raised Cal-Maine Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 20th. Zacks Investment Research raised Cal-Maine Foods from a “hold” rating to a “strong-buy” rating and set a $54.00 price target on the stock in a research report on Friday, April 13th. TheStreet raised Cal-Maine Foods from a “c” rating to a “b” rating in a research report on Monday, April 2nd. Finally, Stephens boosted their price target on Cal-Maine Foods from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 3rd. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $54.50.

In related news, VP Charles Jeff Hardin sold 2,036 shares of the business’s stock in a transaction that occurred on Friday, April 6th. The stock was sold at an average price of $47.39, for a total transaction of $96,486.04. Following the transaction, the vice president now directly owns 3,800 shares of the company’s stock, valued at approximately $180,082. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 33.22% of the stock is currently owned by insiders.

About Cal-Maine Foods

Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. It offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.

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

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