Kestra Investment Management LLC Makes New $2.60 Million Investment in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Kestra Investment Management LLC purchased a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 34,729 shares of the basic materials company’s stock, valued at approximately $2,599,000.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Stephens began coverage on Cal-Maine Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price objective for the company. StockNews.com lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd.

Cal-Maine Foods Stock Performance

Cal-Maine Foods stock opened at $97.61 on Friday. The stock has a market cap of $4.79 billion, a PE ratio of 11.18 and a beta of -0.12. Cal-Maine Foods, Inc. has a fifty-two week low of $47.06 and a fifty-two week high of $99.63. The firm’s 50-day simple moving average is $88.51 and its 200 day simple moving average is $73.37.

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 the consensus estimate of $3.36 by ($0.30). The business had revenue of $785.87 million during the quarter, compared to the consensus estimate of $704.65 million. Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The business’s revenue was up 71.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.02 earnings per share. As a group, analysts predict 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.