Bridgewater Associates LP Sells 26,720 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Bridgewater Associates LP cut its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 49.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,598 shares of the basic materials company's stock after selling 26,720 shares during the period. Bridgewater Associates LP owned approximately 0.06% of Cal-Maine Foods worth $2,065,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in Cal-Maine Foods by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company's stock worth $159,863,000 after purchasing an additional 114,995 shares during the period. Renaissance Technologies LLC raised its stake in Cal-Maine Foods by 5.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,115,624 shares of the basic materials company's stock worth $129,286,000 after buying an additional 110,900 shares during the period. Pacer Advisors Inc. boosted its holdings in Cal-Maine Foods by 4.3% in the third quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company's stock worth $116,876,000 after acquiring an additional 64,489 shares in the last quarter. American Century Companies Inc. grew its stake in Cal-Maine Foods by 8.9% in the second quarter. American Century Companies Inc. now owns 1,013,713 shares of the basic materials company's stock valued at $61,948,000 after acquiring an additional 82,772 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Cal-Maine Foods by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 621,191 shares of the basic materials company's stock worth $46,490,000 after purchasing an additional 20,528 shares during the period. 84.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CALM has been the subject of several research reports. StockNews.com downgraded shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Saturday, November 23rd. Stephens began coverage on shares of Cal-Maine Foods in a report on Thursday, October 3rd. They set an "equal weight" rating and a $82.00 price objective for the company.

Cal-Maine Foods Trading Up 0.5 %

Shares of NASDAQ:CALM traded up $0.46 during mid-day trading on Friday, hitting $97.61. 173,715 shares of the company traded hands, compared to its average volume of 427,141. The stock has a market cap of $4.79 billion, a P/E ratio of 11.18 and a beta of -0.12. The stock has a 50-day moving average price of $88.51 and a two-hundred day moving average price of $73.47. Cal-Maine Foods, Inc. has a 12-month low of $47.06 and a 12-month high of $99.63.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing analysts' consensus estimates of $3.36 by ($0.30). The firm had revenue of $785.87 million for 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 firm's revenue for the quarter was up 71.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 earnings per share. As a group, analysts expect that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current 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.