Hotchkis & Wiley Capital Management LLC Purchases 75,090 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 130.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 132,460 shares of the basic materials company's stock after buying an additional 75,090 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.27% of Cal-Maine Foods worth $9,913,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CALM. Axiom Advisory LLC boosted its holdings in Cal-Maine Foods by 3.3% in the 3rd quarter. Axiom Advisory LLC now owns 4,061 shares of the basic materials company's stock valued at $280,000 after purchasing an additional 128 shares during the period. Martingale Asset Management L P lifted its stake in shares of Cal-Maine Foods by 0.4% in the third quarter. Martingale Asset Management L P now owns 39,321 shares of the basic materials company's stock valued at $2,943,000 after buying an additional 145 shares during the period. Hexagon Capital Partners LLC grew its position in Cal-Maine Foods by 57.0% during the third quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company's stock worth $32,000 after buying an additional 155 shares in the last quarter. Garner Asset Management Corp grew its position in Cal-Maine Foods by 0.9% during the second quarter. Garner Asset Management Corp now owns 20,252 shares of the basic materials company's stock worth $1,238,000 after buying an additional 183 shares in the last quarter. Finally, Regal Investment Advisors LLC increased its stake in Cal-Maine Foods by 3.9% during the second quarter. Regal Investment Advisors LLC now owns 5,404 shares of the basic materials company's stock valued at $330,000 after acquiring an additional 203 shares during the period. 84.67% of the stock is owned by institutional investors.

Cal-Maine Foods Trading Up 0.1 %

NASDAQ:CALM traded up $0.05 during mid-day trading on Thursday, hitting $97.30. The company's stock had a trading volume of 382,192 shares, compared to its average volume of 592,210. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 11.15 and a beta of -0.10. Cal-Maine Foods, Inc. has a fifty-two week low of $48.22 and a fifty-two week high of $100.86. The stock has a fifty day moving average of $89.94 and a 200-day moving average of $74.31.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its earnings results 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). Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The company had revenue of $785.87 million for the quarter, compared to the consensus estimate of $704.65 million. During the same quarter last year, the business earned $0.02 EPS. Cal-Maine Foods's quarterly revenue was up 71.1% compared to the same quarter last year. On average, equities analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.