Comerica Bank boosted its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,958 shares of the basic materials company’s stock after buying an additional 1,154 shares during the period. Comerica Bank owned about 0.07% of Cal-Maine Foods worth $1,279,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Elkfork Partners LLC purchased a new stake in Cal-Maine Foods during the fourth quarter worth about $104,000. State of Alaska Department of Revenue increased its stake in Cal-Maine Foods by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,280 shares of the basic materials company’s stock worth $120,000 after buying an additional 60 shares in the last quarter. Eqis Capital Management Inc. increased its stake in Cal-Maine Foods by 22.8% in the first quarter. Eqis Capital Management Inc. now owns 6,088 shares of the basic materials company’s stock worth $224,000 after buying an additional 1,131 shares in the last quarter. Auxier Asset Management increased its stake in Cal-Maine Foods by 16.7% in the third quarter. Auxier Asset Management now owns 7,001 shares of the basic materials company’s stock worth $270,000 after buying an additional 1,000 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in Cal-Maine Foods during the fourth quarter worth about $296,000. Institutional investors and hedge funds own 61.85% of the company’s stock.

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

Shares of Cal-Maine Foods, Inc. (CALM) opened at 37.35 on Friday. The firm’s 50 day moving average price is $38.36 and its 200-day moving average price is $39.67. Cal-Maine Foods, Inc. has a 1-year low of $35.10 and a 1-year high of $46.71. The company’s market capitalization is $1.81 billion.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Monday, March 27th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.07. Cal-Maine Foods had a negative return on equity of 5.67% and a negative net margin of 4.55%. The firm had revenue of $306.50 million during the quarter, compared to analysts’ expectations of $331.87 million. During the same quarter in the previous year, the business earned $1.33 earnings per share. The company’s revenue for the quarter was down 31.9% compared to the same quarter last year. Analysts expect that Cal-Maine Foods, Inc. will post ($1.06) EPS for the current year.

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CALM has been the subject of a number of recent research reports. DA Davidson restated a “buy” rating and set a $35.00 price target (down from $37.00) on shares of Cal-Maine Foods in a research note on Wednesday, March 22nd. Zacks Investment Research downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, March 15th. Goldman Sachs Group, Inc. (The) cut their price target on Cal-Maine Foods from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, March 27th. ValuEngine upgraded Cal-Maine Foods from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Cleveland Research downgraded Cal-Maine Foods from a “neutral” rating to an “underperform” rating and set a $30.00 price target for the company. in a research note on Tuesday, May 30th. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Sell” and a consensus price target of $36.70.

About Cal-Maine Foods

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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