Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 5.4% in the third quarter, Holdings Channel.com reports. The fund owned 31,961 shares of the basic materials company’s stock after selling 1,825 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Cal-Maine Foods were worth $2,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in shares of Cal-Maine Foods in the third quarter valued at about $29,000. Hantz Financial Services Inc. acquired a new position in Cal-Maine Foods during the second quarter worth about $25,000. Hexagon Capital Partners LLC grew its position in Cal-Maine Foods by 57.0% during the third quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock worth $32,000 after buying an additional 155 shares during the period. Krane Funds Advisors LLC acquired a new stake in shares of Cal-Maine Foods in the third quarter valued at approximately $33,000. Finally, Quarry LP grew its position in shares of Cal-Maine Foods by 1,975.0% in the second 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 hedge funds and other institutional investors.

Cal-Maine Foods Trading Up 0.5 %

Shares of CALM stock opened at $97.15 on Thursday. The company’s fifty day simple moving average is $87.07 and its 200-day simple moving average is $72.75. The company has a market cap of $4.76 billion, a PE ratio of 11.13 and a beta of -0.12. Cal-Maine Foods, Inc. has a 52 week low of $46.30 and a 52 week high of $99.63.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. StockNews.com lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd. Stephens assumed coverage on shares of Cal-Maine Foods in a research note on Thursday, October 3rd. They set 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.