Great West Life Assurance Co. Can Boosts Stake in Cal-Maine Foods, Inc. (CALM)

Great West Life Assurance Co. Can grew its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 5.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 244,957 shares of the basic materials company’s stock after buying an additional 13,052 shares during the quarter. Great West Life Assurance Co. Can owned 0.50% of Cal-Maine Foods worth $10,000,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CALM. Janus Henderson Group PLC bought a new position in shares of Cal-Maine Foods during the 2nd quarter valued at $78,336,000. Brandes Investment Partners LP bought a new position in shares of Cal-Maine Foods during the 2nd quarter valued at $11,874,000. Robecosam AG bought a new position in shares of Cal-Maine Foods during the 2nd quarter valued at $7,647,000. Aberdeen Asset Management PLC UK grew its holdings in shares of Cal-Maine Foods by 6.2% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,610,763 shares of the basic materials company’s stock valued at $63,786,000 after purchasing an additional 93,704 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in shares of Cal-Maine Foods during the 2nd quarter valued at $3,088,000. Hedge funds and other institutional investors own 66.30% of the company’s stock.

Several research firms recently commented on CALM. Stephens raised shares of Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $35.00 to $50.00 in a report on Tuesday, October 3rd. Zacks Investment Research raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Friday, November 17th. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $40.08.

Cal-Maine Foods, Inc. (NASDAQ:CALM) opened at $46.70 on Wednesday. The company has a current ratio of 6.67, a quick ratio of 4.14 and a debt-to-equity ratio of 0.01. Cal-Maine Foods, Inc. has a twelve month low of $33.40 and a twelve month high of $50.40.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Monday, October 2nd. The basic materials company reported ($0.33) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.18). Cal-Maine Foods had a negative net margin of 5.41% and a negative return on equity of 6.97%. The business had revenue of $262.80 million for the quarter, compared to the consensus estimate of $265.50 million. During the same period in the prior year, the business posted ($0.64) EPS. Cal-Maine Foods’s revenue for the quarter was up 9.6% on a year-over-year basis. equities research analysts forecast that Cal-Maine Foods, Inc. will post 0.9 earnings per share for the current year.

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Cal-Maine Foods Company 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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Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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