Crossmark Global Holdings Inc. Takes $231,000 Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Crossmark Global Holdings Inc. acquired a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 3,090 shares of the basic materials company’s stock, valued at approximately $231,000.

Several other hedge funds also recently bought and sold shares of CALM. Harbor Capital Advisors Inc. bought a new stake in shares of Cal-Maine Foods in the 3rd quarter valued at approximately $29,000. Hantz Financial Services Inc. bought a new stake in Cal-Maine Foods in the second quarter worth approximately $25,000. Hexagon Capital Partners LLC raised its holdings in shares of Cal-Maine Foods by 57.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 155 shares in the last quarter. Krane Funds Advisors LLC bought a new position in shares of Cal-Maine Foods during the 3rd quarter valued at $33,000. Finally, Quarry LP lifted its stake in shares of Cal-Maine Foods by 1,975.0% in the 2nd quarter. Quarry LP now owns 581 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 553 shares during the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CALM. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Friday. Stephens began coverage on Cal-Maine Foods in a report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 price target on the stock.

Cal-Maine Foods Price Performance

CALM stock opened at $93.97 on Tuesday. The company has a 50-day moving average of $83.93 and a two-hundred day moving average of $71.12. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 10.76 and a beta of -0.12. Cal-Maine Foods, Inc. has a 52-week low of $45.07 and a 52-week high of $95.06.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share (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 business had revenue of $785.87 million during the quarter, compared to analyst estimates of $704.65 million. During the same period last year, the business earned $0.02 EPS. The business’s quarterly revenue was up 71.1% compared to the same quarter last year. Equities analysts expect that Cal-Maine Foods, Inc. will post 8.54 EPS for the current fiscal year.

Cal-Maine Foods 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.