Phocas Financial Corp. Acquires Shares of 13,108 Cal-Maine Foods, Inc. (CALM)

Phocas Financial Corp. acquired a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,108 shares of the basic materials company’s stock, valued at approximately $519,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. increased its stake in shares of Cal-Maine Foods by 3,766.5% in the 1st quarter. BlackRock Inc. now owns 3,706,968 shares of the basic materials company’s stock valued at $136,416,000 after buying an additional 3,611,093 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Cal-Maine Foods in the 2nd quarter valued at $78,336,000. Brandes Investment Partners LP acquired a new stake in shares of Cal-Maine Foods in the 2nd quarter valued at $11,874,000. Robecosam AG acquired a new stake in shares of Cal-Maine Foods in the 2nd quarter valued at $7,647,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Cal-Maine Foods by 106.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 295,548 shares of the basic materials company’s stock valued at $10,877,000 after buying an additional 152,191 shares during the period. Hedge funds and other institutional investors own 61.67% of the company’s stock.

Several research firms have recently commented on CALM. BidaskClub raised Cal-Maine Foods from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Stephens raised Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $35.00 to $50.00 in a research note on Tuesday, October 3rd. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $37.90.

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Cal-Maine Foods, Inc. (CALM) traded up 0.36% during midday trading on Wednesday, hitting $42.40. The stock had a trading volume of 31,705 shares. The company has a 50-day moving average of $39.80 and a 200-day moving average of $38.15. The stock’s market cap is $2.06 billion. Cal-Maine Foods, Inc. has a 1-year low of $33.40 and a 1-year high of $46.15.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings results on Monday, October 2nd. The basic materials company reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.18). Cal-Maine Foods had a negative net margin of 5.41% and a negative return on equity of 6.97%. The firm had revenue of $262.80 million during the quarter, compared to the consensus estimate of $265.50 million. During the same quarter in the previous year, the company posted ($0.64) earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. Equities research analysts forecast that Cal-Maine Foods, Inc. will post $0.84 EPS for the current year.

Cal-Maine Foods Profile

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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