Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Bought by Quest Partners LLC

Quest Partners LLC raised its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 50,918.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,612 shares of the basic materials company's stock after acquiring an additional 5,601 shares during the period. Quest Partners LLC's holdings in Cal-Maine Foods were worth $420,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CALM. Harbor Capital Advisors Inc. acquired a new stake in Cal-Maine Foods during the third quarter worth about $29,000. Hantz Financial Services Inc. purchased a new stake in shares of Cal-Maine Foods during the 2nd quarter valued at approximately $25,000. Hexagon Capital Partners LLC lifted its holdings in Cal-Maine Foods by 57.0% in the third quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 155 shares during the last quarter. Krane Funds Advisors LLC purchased a new position in Cal-Maine Foods in the third quarter worth approximately $33,000. Finally, Quarry LP increased its stake in Cal-Maine Foods by 1,975.0% during the second quarter. Quarry LP now owns 581 shares of the basic materials company's stock worth $36,000 after acquiring an additional 553 shares during the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Cal-Maine Foods Price Performance

Shares of CALM stock traded up $0.53 on Monday, hitting $96.49. The stock had a trading volume of 707,265 shares, compared to its average volume of 598,643. The company's 50 day moving average price is $86.02 and its 200-day moving average price is $72.20. Cal-Maine Foods, Inc. has a 1 year low of $46.30 and a 1 year high of $99.63. The firm has a market capitalization of $4.73 billion, a P/E ratio of 11.07 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.36 by ($0.30). The business had revenue of $785.87 million for the quarter, compared to analyst estimates of $704.65 million. Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The firm's revenue for the quarter was up 71.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.02 EPS. On average, equities analysts forecast that Cal-Maine Foods, Inc. will post 8.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CALM. StockNews.com cut Cal-Maine Foods from a "buy" rating to a "hold" rating in a report on Saturday. Stephens started coverage on shares of Cal-Maine Foods in a research report on Thursday, October 3rd. They set an "equal weight" rating and a $82.00 price target for the company.

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.