Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 29.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 129,067 shares of the basic materials company's stock after buying an additional 29,435 shares during the period. Victory Capital Management Inc. owned about 0.26% of Cal-Maine Foods worth $9,659,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Hantz Financial Services Inc. purchased a new stake in Cal-Maine Foods during the second quarter worth $25,000. Harbor Capital Advisors Inc. acquired a new position in shares of Cal-Maine Foods in the third quarter worth about $29,000. Hexagon Capital Partners LLC boosted its stake in shares of Cal-Maine Foods by 57.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company's stock worth $32,000 after acquiring an additional 155 shares in the last quarter. Krane Funds Advisors LLC purchased a new stake in shares of Cal-Maine Foods during the 3rd quarter worth about $33,000. Finally, Quarry LP grew its position in shares of Cal-Maine Foods by 1,975.0% during the 2nd quarter. Quarry LP now owns 581 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 553 shares during the period. Institutional investors and hedge funds own 84.67% of the company's stock.

Cal-Maine Foods Stock Performance

Shares of CALM traded up $0.18 during mid-day trading on Friday, hitting $95.96. 379,440 shares of the company were exchanged, compared to its average volume of 598,162. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 10.99 and a beta of -0.12. Cal-Maine Foods, Inc. has a 1-year low of $46.30 and a 1-year high of $96.63. The company has a 50 day moving average of $86.02 and a 200-day moving average of $71.99.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $704.65 million. Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. Cal-Maine Foods's quarterly revenue was up 71.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 earnings per share. Research analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Stephens assumed coverage on Cal-Maine Foods in a research report on Thursday, October 3rd. They set an "equal weight" rating and a $82.00 price target on the stock. StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a research report on Friday, November 15th.

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.