Landscape Capital Management L.L.C. Sells 35,491 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Landscape Capital Management L.L.C. lessened its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 35.4% in the 3rd quarter, according to its most recent 13F 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 period. Landscape Capital Management L.L.C. owned 0.13% of Cal-Maine Foods worth $4,848,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Axiom Advisory LLC grew its position in shares of 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 worth $280,000 after buying an additional 128 shares during the last quarter. Hexagon Capital Partners LLC increased its position 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 worth $32,000 after purchasing an additional 155 shares in the last quarter. Garner Asset Management Corp lifted its holdings in shares of 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 valued at $1,238,000 after purchasing an additional 183 shares during the last quarter. Regal Investment Advisors LLC boosted its position 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 worth $330,000 after purchasing an additional 203 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in Cal-Maine Foods by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 11,765 shares of the basic materials company’s stock worth $719,000 after buying an additional 230 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CALM has been the subject of a number of research analyst reports. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Stephens initiated 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 objective for the company.

Cal-Maine Foods Price Performance

Shares of CALM stock opened at $94.78 on Thursday. Cal-Maine Foods, Inc. has a 1-year low of $45.07 and a 1-year high of $96.02. The firm has a market cap of $4.65 billion, a PE ratio of 10.86 and a beta of -0.12. The company has a 50-day moving average of $84.96 and a two-hundred day moving average of $71.55.

Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing the consensus estimate of $3.36 by ($0.30). The business had revenue of $785.87 million for the quarter, compared to analysts’ expectations of $704.65 million. Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. Cal-Maine Foods’s revenue for the quarter was up 71.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 EPS. Sell-side analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 EPS for the current fiscal year.

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.