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Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Purchased by Two Sigma Advisers LP

Cal-Maine Foods logo with Basic Materials background

Two Sigma Advisers LP boosted its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 652.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 160,300 shares of the basic materials company's stock after buying an additional 139,000 shares during the quarter. Two Sigma Advisers LP owned approximately 0.33% of Cal-Maine Foods worth $11,997,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in Cal-Maine Foods by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company's stock valued at $159,863,000 after buying an additional 114,995 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Cal-Maine Foods by 5.5% during the second quarter. Renaissance Technologies LLC now owns 2,115,624 shares of the basic materials company's stock worth $129,286,000 after purchasing an additional 110,900 shares during the last quarter. State Street Corp grew its holdings in shares of Cal-Maine Foods by 3.0% during the third quarter. State Street Corp now owns 1,609,388 shares of the basic materials company's stock worth $120,447,000 after purchasing an additional 46,187 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Cal-Maine Foods by 4.3% during the third quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company's stock worth $116,876,000 after purchasing an additional 64,489 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Cal-Maine Foods by 8.9% during the second quarter. American Century Companies Inc. now owns 1,013,713 shares of the basic materials company's stock worth $61,948,000 after purchasing an additional 82,772 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Trading Up 2.4 %

Shares of NASDAQ CALM traded up $2.41 during midday trading on Tuesday, reaching $104.20. 566,591 shares of the company were exchanged, compared to its average volume of 591,441. Cal-Maine Foods, Inc. has a 1 year low of $48.22 and a 1 year high of $105.29. The stock has a fifty day simple moving average of $91.45 and a 200 day simple moving average of $75.24. The stock has a market cap of $5.11 billion, a P/E ratio of 11.66 and a beta of -0.10.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $704.65 million. During the same period in the prior year, the business earned $0.02 EPS. The business's quarterly revenue was up 71.1% compared to the same quarter last year. As a group, analysts forecast that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CALM has been the topic of several research reports. Stephens initiated coverage on 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 lowered Cal-Maine Foods from a "buy" rating to a "hold" rating in a report on Saturday, November 23rd.

Check Out Our Latest Research Report on CALM

Cal-Maine Foods Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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