Bridgewater Associates LP Sells 26,720 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Bridgewater Associates LP lowered its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 49.2% in the third quarter, HoldingsChannel reports. The fund owned 27,598 shares of the basic materials company’s stock after selling 26,720 shares during the period. Bridgewater Associates LP’s holdings in Cal-Maine Foods were worth $2,065,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Axiom Advisory LLC increased its position in Cal-Maine Foods by 3.3% in the third quarter. Axiom Advisory LLC now owns 4,061 shares of the basic materials company’s stock worth $280,000 after purchasing an additional 128 shares during the period. Hexagon Capital Partners LLC grew its position in shares of Cal-Maine Foods by 57.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock worth $32,000 after buying an additional 155 shares during the period. Garner Asset Management Corp raised its stake in shares of Cal-Maine Foods by 0.9% during the second quarter. Garner Asset Management Corp now owns 20,252 shares of the basic materials company’s stock worth $1,238,000 after buying an additional 183 shares during the last quarter. Regal Investment Advisors LLC lifted its holdings in Cal-Maine Foods by 3.9% in the second quarter. Regal Investment Advisors LLC now owns 5,404 shares of the basic materials company’s stock valued at $330,000 after buying an additional 203 shares during the period. Finally, Arizona State Retirement System boosted its stake in Cal-Maine Foods by 2.0% in the second quarter. Arizona State Retirement System now owns 11,765 shares of the basic materials company’s stock valued at $719,000 after acquiring an additional 230 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Cal-Maine Foods Stock Up 0.5 %

CALM opened at $97.61 on Friday. The company has a fifty day simple moving average of $88.51 and a 200 day simple moving average of $73.37. The stock 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 12 month low of $47.06 and a 12 month high of $99.63.

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

Wall Street Analysts Forecast Growth

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

About Cal-Maine Foods

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.