Garrison Financial Corp cut its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 13.1% during the second quarter, Holdings Channel reports. The institutional investor owned 46,760 shares of the basic materials company’s stock after selling 7,040 shares during the period. Garrison Financial Corp’s holdings in Cal-Maine Foods were worth $1,852,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Swiss National Bank boosted its position in Cal-Maine Foods by 3.1% in the first quarter. Swiss National Bank now owns 50,400 shares of the basic materials company’s stock valued at $1,855,000 after buying an additional 1,500 shares during the last quarter. Comerica Bank boosted its position in shares of Cal-Maine Foods by 3.6% in the first quarter. Comerica Bank now owns 32,958 shares of the basic materials company’s stock valued at $1,279,000 after buying an additional 1,154 shares in the last quarter. Eqis Capital Management Inc. boosted its position in shares of Cal-Maine Foods by 22.8% in the first quarter. Eqis Capital Management Inc. now owns 6,088 shares of the basic materials company’s stock valued at $224,000 after buying an additional 1,131 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Cal-Maine Foods by 5.1% in the first quarter. Great West Life Assurance Co. Can now owns 198,243 shares of the basic materials company’s stock valued at $7,320,000 after buying an additional 9,625 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Cal-Maine Foods during the first quarter valued at $496,000. 61.64% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cal-Maine Foods, Inc. (NASDAQ CALM) opened at 36.30 on Friday. The firm has a 50-day moving average price of $37.25 and a 200-day moving average price of $38.25. Cal-Maine Foods, Inc. has a 12-month low of $33.40 and a 12-month high of $46.47. The firm’s market cap is $1.76 billion.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Monday, July 24th. The basic materials company reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.42. Cal-Maine Foods had a negative return on equity of 8.57% and a negative net margin of 6.91%. The company had revenue of $274.60 million for the quarter, compared to the consensus estimate of $271.33 million. During the same quarter in the previous year, the company posted ($0.01) EPS. The business’s revenue was down 9.4% on a year-over-year basis. Equities research analysts anticipate that Cal-Maine Foods, Inc. will post $0.26 EPS for the current year.

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Several research analysts recently weighed in on the company. BidaskClub raised Cal-Maine Foods from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Goldman Sachs Group, Inc. (The) downgraded Cal-Maine Foods from a “neutral” rating to a “sell” rating and set a $31.00 price objective for the company. in a research note on Friday, June 16th. Cleveland Research downgraded Cal-Maine Foods from a “neutral” rating to an “underperform” rating and set a $30.00 price objective for the company. in a research note on Tuesday, May 30th. Finally, ValuEngine raised Cal-Maine Foods from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Five research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $36.70.

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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