Charles Schwab Investment Management Inc. Boosts Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Charles Schwab Investment Management Inc. increased its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 621,191 shares of the basic materials company’s stock after buying an additional 20,528 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Cal-Maine Foods were worth $46,490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CALM. Hantz Financial Services Inc. acquired a new stake in Cal-Maine Foods in the second quarter valued at $25,000. Harbor Capital Advisors Inc. bought a new stake in Cal-Maine Foods in the third quarter valued at $29,000. Hexagon Capital Partners LLC grew its position in Cal-Maine Foods by 57.0% in the 3rd 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 during the last quarter. Krane Funds Advisors LLC acquired a new stake in Cal-Maine Foods in the 3rd quarter valued at approximately $33,000. Finally, Quarry LP raised its stake in shares of Cal-Maine Foods by 1,975.0% during the second quarter. Quarry LP now owns 581 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 553 shares in the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Cal-Maine Foods Trading Up 0.5 %

NASDAQ CALM opened at $97.61 on Monday. The company has a fifty day simple moving average of $88.51 and a 200 day simple moving average of $73.47. The company has a market cap of $4.79 billion, a P/E ratio of 11.18 and a beta of -0.12. Cal-Maine Foods, Inc. has a 1 year low of $47.06 and a 1 year high of $99.63.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Tuesday, October 1st. The basic materials company reported $3.06 EPS for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.30). The company had revenue of $785.87 million for the quarter, compared to analyst estimates of $704.65 million. Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The firm’s quarterly revenue was up 71.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.02 EPS. Equities research analysts forecast that Cal-Maine Foods, Inc. will post 8.54 EPS for the current fiscal year.

Analysts Set New Price Targets

CALM has been the subject of a number of research reports. StockNews.com lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Saturday, November 23rd. Stephens started coverage on shares of Cal-Maine Foods in a research note on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 target price for the company.

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.