Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 56.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,149 shares of the basic materials company's stock after acquiring an additional 12,673 shares during the period. BNP Paribas Financial Markets owned approximately 0.07% of Cal-Maine Foods worth $2,631,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in Cal-Maine Foods by 5.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,265 shares of the basic materials company's stock worth $1,723,000 after buying an additional 1,518 shares during the last quarter. Cetera Advisors LLC bought a new position in Cal-Maine Foods during the first quarter valued at approximately $318,000. GAMMA Investing LLC lifted its position in Cal-Maine Foods by 73.8% during the second quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 287 shares during the period. CWM LLC boosted its holdings in Cal-Maine Foods by 120.1% in the second quarter. CWM LLC now owns 625 shares of the basic materials company's stock worth $38,000 after purchasing an additional 341 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position in Cal-Maine Foods by 1.5% in the 2nd quarter. QRG Capital Management Inc. now owns 37,659 shares of the basic materials company's stock worth $2,301,000 after purchasing an additional 545 shares during the period. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CALM shares. Stephens initiated coverage on Cal-Maine Foods in a research note on Thursday, October 3rd. They issued an "equal weight" rating and a $82.00 price target 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 $1.92 on Friday, hitting $99.22. 447,773 shares of the company's stock were exchanged, compared to its average volume of 406,328. Cal-Maine Foods, Inc. has a 1 year low of $48.22 and a 1 year high of $100.86. The stock has a market capitalization of $4.87 billion, a PE ratio of 11.37 and a beta of -0.10. The company has a 50-day simple moving average of $90.91 and a 200-day simple moving average of $74.74.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing the consensus estimate of $3.36 by ($0.30). Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The firm had revenue of $785.87 million during the quarter, compared to analyst estimates of $704.65 million. During the same period last year, the business earned $0.02 EPS. The firm's revenue was up 71.1% compared to the same quarter last year. On average, analysts expect 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.