Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 621,191 shares of the basic materials company's stock after acquiring an additional 20,528 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.27% of Cal-Maine Foods worth $46,490,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CALM. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 valued at $1,723,000 after purchasing an additional 1,518 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Cal-Maine Foods by 162.0% in the first quarter. Janus Henderson Group PLC now owns 62,572 shares of the basic materials company's stock worth $3,681,000 after buying an additional 38,693 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Cal-Maine Foods by 20.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,474 shares of the basic materials company's stock worth $381,000 after acquiring an additional 1,095 shares during the period. Virtu Financial LLC bought a new stake in shares of Cal-Maine Foods during the first quarter valued at approximately $260,000. Finally, Cetera Advisors LLC purchased a new stake in Cal-Maine Foods during the first quarter valued at $318,000. Institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Stock Performance

Cal-Maine Foods stock traded up $0.53 during trading on Monday, reaching $98.14. The company had a trading volume of 431,726 shares, compared to its average volume of 594,572. The firm's 50-day simple moving average is $88.51 and its 200 day simple moving average is $73.58. The firm has a market capitalization of $4.81 billion, a PE ratio of 11.18 and a beta of -0.12. Cal-Maine Foods, Inc. has a 1-year low of $48.22 and a 1-year high of $99.63.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released 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 in the prior year, the firm earned $0.02 earnings per share. The business's revenue was up 71.1% compared to the same quarter last year. Analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CALM. Stephens began coverage on shares of Cal-Maine Foods in a research note on Thursday, October 3rd. They issued an "equal weight" rating and a $82.00 target price on the stock. StockNews.com lowered shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Saturday, November 23rd.

About Cal-Maine Foods

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.