Tidal Investments LLC Acquires 38,465 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Tidal Investments LLC lifted its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 418.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,653 shares of the basic materials company’s stock after buying an additional 38,465 shares during the quarter. Tidal Investments LLC owned about 0.10% of Cal-Maine Foods worth $3,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CALM. Two Sigma Advisers LP grew its holdings in Cal-Maine Foods by 652.6% in the third quarter. Two Sigma Advisers LP now owns 160,300 shares of the basic materials company’s stock worth $11,997,000 after purchasing an additional 139,000 shares during the period. Dimensional Fund Advisors LP raised its position in Cal-Maine Foods by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company’s stock worth $159,863,000 after buying an additional 114,995 shares during the last quarter. Renaissance Technologies LLC raised 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 valued at $129,286,000 after purchasing an additional 110,900 shares during the last quarter. American Century Companies Inc. raised its stake in Cal-Maine Foods by 8.9% during the 2nd quarter. American Century Companies Inc. now owns 1,013,713 shares of the basic materials company’s stock valued at $61,948,000 after buying an additional 82,772 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in Cal-Maine Foods in the third quarter valued at about $58,810,000. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Analysts Set New Price Targets

CALM has been the topic of several recent research reports. StockNews.com downgraded shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd. Stephens assumed coverage on Cal-Maine Foods in a report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target on the stock.

Cal-Maine Foods Stock Up 2.1 %

Cal-Maine Foods stock opened at $108.12 on Friday. The firm’s fifty day moving average is $93.60 and its 200 day moving average is $76.41. The company has a market cap of $5.30 billion, a price-to-earnings ratio of 12.38 and a beta of -0.10. Cal-Maine Foods, Inc. has a 52-week low of $53.02 and a 52-week high of $108.22.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data 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). The firm had revenue of $785.87 million during 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%. The business’s revenue for the quarter was up 71.1% compared to the same quarter last year. During the same period last year, the company earned $0.02 earnings per share. On average, equities research analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current fiscal year.

Cal-Maine Foods 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.