Garrison Financial Corp decreased its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 18.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,361 shares of the basic materials company’s stock after selling 8,399 shares during the quarter. Garrison Financial Corp owned 0.08% of Cal-Maine Foods worth $1,577,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its stake in shares of Cal-Maine Foods by 22.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,161 shares of the basic materials company’s stock worth $125,000 after acquiring an additional 590 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Cal-Maine Foods by 48.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,423 shares of the basic materials company’s stock valued at $135,000 after buying an additional 1,111 shares in the last quarter. Bessemer Group Inc. lifted its stake in Cal-Maine Foods by 138.3% in the 2nd quarter. Bessemer Group Inc. now owns 3,649 shares of the basic materials company’s stock valued at $145,000 after buying an additional 2,118 shares in the last quarter. Carroll Financial Associates Inc. purchased a new stake in Cal-Maine Foods in the 2nd quarter valued at approximately $162,000. Finally, Aviance Capital Management LLC purchased a new stake in Cal-Maine Foods in the 2nd quarter valued at approximately $191,000. 61.64% of the stock is currently owned by institutional investors and hedge funds.
CALM has been the topic of a number of recent research reports. BidaskClub lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Stephens raised Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $35.00 to $50.00 in a research note on Tuesday, October 3rd. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $37.90.
Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Monday, October 2nd. The basic materials company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.18). The business had revenue of $262.80 million during the quarter, compared to analyst estimates of $265.50 million. Cal-Maine Foods had a negative return on equity of 6.97% and a negative net margin of 5.41%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.64) EPS.
Cal-Maine Foods Profile
Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It offers shell eggs, including specialty and non-specialty eggs. It classifies cage free, organic and brown eggs as specialty products.
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