Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lessened its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 35.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,780 shares of the basic materials company’s stock after selling 35,491 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Cal-Maine Foods were worth $4,848,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Intech Investment Management LLC acquired a new stake in Cal-Maine Foods during the 3rd quarter worth approximately $4,188,000. King Luther Capital Management Corp grew its stake in Cal-Maine Foods by 1.5% during the third quarter. King Luther Capital Management Corp now owns 58,176 shares of the basic materials company’s stock worth $4,354,000 after buying an additional 837 shares during the period. Quest Partners LLC increased its position in shares of Cal-Maine Foods by 50,918.2% in the third quarter. Quest Partners LLC now owns 5,612 shares of the basic materials company’s stock worth $420,000 after acquiring an additional 5,601 shares in the last quarter. Chesapeake Capital Corp IL raised its stake in shares of Cal-Maine Foods by 27.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 7,733 shares of the basic materials company’s stock valued at $577,000 after acquiring an additional 1,687 shares during the period. Finally, Natixis Advisors LLC acquired a new position in shares of Cal-Maine Foods during the 3rd quarter valued at $766,000. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Cal-Maine Foods Stock Down 0.4 %

CALM stock opened at $94.78 on Thursday. The company has a 50-day simple moving average of $84.96 and a 200 day simple moving average of $71.55. Cal-Maine Foods, Inc. has a fifty-two week low of $45.07 and a fifty-two week high of $96.02. The company has a market capitalization of $4.65 billion, a P/E ratio of 10.86 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share (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 business had revenue of $785.87 million during the quarter, compared to analyst estimates of $704.65 million. During the same period in the prior year, the firm earned $0.02 EPS. The business’s revenue for the quarter was up 71.1% on a year-over-year basis. Equities analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 EPS for the current year.

Analysts Set New Price Targets

CALM has been the topic of several research reports. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Stephens assumed coverage on Cal-Maine Foods in a report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 target price on the stock.

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.