Wolverine Trading LLC Buys Shares of 40,765 Cal-Maine Foods, Inc. (NASDAQ:CALM)

Wolverine Trading LLC purchased a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 40,765 shares of the basic materials company's stock, valued at approximately $3,043,000. Wolverine Trading LLC owned approximately 0.08% of Cal-Maine Foods at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CALM. Hantz Financial Services Inc. bought a new stake in Cal-Maine Foods in the second quarter valued at about $25,000. Harbor Capital Advisors Inc. acquired a new position in Cal-Maine Foods in the third quarter worth $29,000. Hexagon Capital Partners LLC raised its holdings in shares of 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 purchasing an additional 155 shares during the period. Krane Funds Advisors LLC bought a new position in shares of Cal-Maine Foods in the 3rd quarter worth about $33,000. Finally, Quarry LP boosted its holdings 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 buying an additional 553 shares during the period. Hedge funds and other institutional investors own 84.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CALM. Stephens started 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 objective on the stock. StockNews.com cut Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Saturday, November 23rd.

Cal-Maine Foods Stock Performance

Shares of Cal-Maine Foods stock traded up $2.41 during trading on Tuesday, hitting $104.20. 566,814 shares of the stock were exchanged, compared to its average volume of 591,442. Cal-Maine Foods, Inc. has a 12 month low of $48.22 and a 12 month high of $105.29. The stock's fifty day moving average is $91.45 and its 200 day moving average is $75.24. The stock has a market cap of $5.11 billion, a PE ratio of 11.66 and a beta of -0.10.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 EPS for the quarter, missing the consensus estimate of $3.36 by ($0.30). The firm had revenue of $785.87 million during 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.02 EPS. Sell-side analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 EPS for the current fiscal year.

Cal-Maine Foods Company 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.