Louisiana State Employees Retirement System maintained its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,100 shares of the basic materials company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Cal-Maine Foods were worth $479,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CALM. BlackRock Inc. raised its position in shares of Cal-Maine Foods by 3,766.5% in the first quarter. BlackRock Inc. now owns 3,706,968 shares of the basic materials company’s stock worth $136,416,000 after buying an additional 3,611,093 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Cal-Maine Foods by 5.0% in the first quarter. Vanguard Group Inc. now owns 2,682,585 shares of the basic materials company’s stock worth $98,720,000 after buying an additional 127,576 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Cal-Maine Foods by 117.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,712,526 shares of the basic materials company’s stock worth $63,021,000 after buying an additional 924,563 shares during the last quarter. Aberdeen Asset Management PLC UK raised its position in shares of Cal-Maine Foods by 7.7% in the first quarter. Aberdeen Asset Management PLC UK now owns 1,517,059 shares of the basic materials company’s stock worth $55,827,000 after buying an additional 108,970 shares during the last quarter. Finally, Royce & Associates LP raised its position in shares of Cal-Maine Foods by 29.0% in the first quarter. Royce & Associates LP now owns 918,206 shares of the basic materials company’s stock worth $33,790,000 after buying an additional 206,480 shares during the last quarter. 61.64% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) traded up 0.55% during midday trading on Friday, hitting $36.30. 206,556 shares of the stock were exchanged. The firm has a 50-day moving average of $37.25 and a 200-day moving average of $38.25. Cal-Maine Foods, Inc. has a 1-year low of $33.40 and a 1-year high of $46.47. The company’s market capitalization is $1.76 billion.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data 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. The company had revenue of $274.60 million for the quarter, compared to the consensus estimate of $271.33 million. Cal-Maine Foods had a negative net margin of 6.91% and a negative return on equity of 8.57%. The company’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) EPS. On average, equities analysts expect that Cal-Maine Foods, Inc. will post $0.26 EPS for the current year.

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CALM has been the topic of a number of research analyst reports. ValuEngine raised shares of Cal-Maine Foods from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Cleveland Research lowered shares of Cal-Maine Foods from a “neutral” rating to an “underperform” rating and set a $30.00 price target on the stock. in a report on Tuesday, May 30th. BidaskClub lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Cal-Maine Foods from a “neutral” rating to a “sell” rating and set a $31.00 price target on the stock. in a report on Friday, June 16th. Five analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company has an average 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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