King Luther Capital Management Corp Buys 837 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

King Luther Capital Management Corp lifted its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,176 shares of the basic materials company’s stock after buying an additional 837 shares during the quarter. King Luther Capital Management Corp owned about 0.12% of Cal-Maine Foods worth $4,354,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CALM. Vanguard Group Inc. grew its position in shares of Cal-Maine Foods by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 4,795,570 shares of the basic materials company’s stock valued at $282,219,000 after acquiring an additional 23,915 shares during the period. Dimensional Fund Advisors LP increased its position in Cal-Maine Foods by 4.6% during the second 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 stake in Cal-Maine Foods by 5.5% in 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 buying an additional 110,900 shares during the period. American Century Companies Inc. lifted its position in shares of Cal-Maine Foods by 8.9% in the second 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, Bank of New York Mellon Corp boosted its stake in shares of Cal-Maine Foods by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 481,313 shares of the basic materials company’s stock worth $29,413,000 after acquiring an additional 10,287 shares during the period. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Trading Up 0.2 %

NASDAQ:CALM opened at $95.96 on Friday. The stock has a 50 day simple moving average of $86.02 and a 200 day simple moving average of $71.99. The stock has a market cap of $4.71 billion, a P/E ratio of 10.99 and a beta of -0.12. Cal-Maine Foods, Inc. has a 1-year low of $46.30 and a 1-year high of $96.63.

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 analysts’ consensus estimates of $3.36 by ($0.30). The firm had revenue of $785.87 million for the quarter, compared to analyst estimates of $704.65 million. Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The firm’s quarterly revenue was up 71.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.02 EPS. As a group, sell-side analysts forecast that Cal-Maine Foods, Inc. will post 8.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Stephens began coverage on Cal-Maine Foods in a report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 price target for the company. StockNews.com cut shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Saturday.

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.