19,657 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. bought a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 19,657 shares of the basic materials company's stock, valued at approximately $1,471,000.

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

Analyst Upgrades and Downgrades

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

Cal-Maine Foods Stock Up 2.2 %

NASDAQ:CALM traded up $2.18 during trading hours on Monday, hitting $101.40. 272,535 shares of the company's stock traded hands, compared to its average volume of 590,155. The firm has a market cap of $4.97 billion, a P/E ratio of 11.37 and a beta of -0.10. The business's fifty day simple moving average is $90.91 and its two-hundred day simple moving average is $74.95. Cal-Maine Foods, Inc. has a 52 week low of $48.22 and a 52 week high of $102.00.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released 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 net margin of 16.09% and a return on equity of 24.25%. The business had revenue of $785.87 million for the quarter, compared to the consensus estimate of $704.65 million. During the same period in the prior year, the business posted $0.02 EPS. Cal-Maine Foods's revenue for the quarter was up 71.1% on a year-over-year basis. On average, analysts expect that Cal-Maine Foods, Inc. will post 8.54 EPS for the current year.

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.