Kestra Investment Management LLC Purchases Shares of 34,729 Cal-Maine Foods, Inc. (NASDAQ:CALM)

Kestra Investment Management LLC bought a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 34,729 shares of the basic materials company's stock, valued at approximately $2,599,000. Kestra Investment Management LLC owned 0.07% of Cal-Maine Foods at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. SG Americas Securities LLC grew its stake in Cal-Maine Foods by 362.8% in the second quarter. SG Americas Securities LLC now owns 15,801 shares of the basic materials company's stock valued at $966,000 after acquiring an additional 12,387 shares during the period. Janus Henderson Group PLC increased its stake in Cal-Maine Foods by 162.0% during the 1st quarter. Janus Henderson Group PLC now owns 62,572 shares of the basic materials company's stock worth $3,681,000 after purchasing an additional 38,693 shares in the last quarter. AE Wealth Management LLC raised its holdings in Cal-Maine Foods by 267.4% during the 2nd quarter. AE Wealth Management LLC now owns 17,747 shares of the basic materials company's stock worth $1,085,000 after buying an additional 12,917 shares during the period. Main Street Financial Solutions LLC lifted its stake in Cal-Maine Foods by 47.6% in the second quarter. Main Street Financial Solutions LLC now owns 28,343 shares of the basic materials company's stock valued at $1,732,000 after buying an additional 9,145 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Cal-Maine Foods in the second quarter valued at approximately $368,000. 84.67% of the stock is owned by institutional investors.

Cal-Maine Foods Price Performance

Shares of CALM traded up $0.46 during mid-day trading on Friday, hitting $97.61. 173,715 shares of the company's stock were exchanged, compared to its average volume of 427,141. Cal-Maine Foods, Inc. has a 52 week low of $47.06 and a 52 week high of $99.63. The company has a market cap of $4.79 billion, a PE ratio of 11.18 and a beta of -0.12. The company has a 50-day simple moving average of $88.51 and a 200 day simple moving average of $73.47.

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 analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $704.65 million. During the same period last year, the business posted $0.02 EPS. The firm's revenue for the quarter was up 71.1% on a year-over-year basis. On average, analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current year.

Wall Street Analyst Weigh In

CALM has been the topic of a number of research analyst reports. Stephens started coverage on shares of Cal-Maine Foods in a report on Thursday, October 3rd. They set an "equal weight" rating and a $82.00 price objective 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.

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.