Neuberger Berman Group LLC Has $66.58 Million Position in Cal-Maine Foods, Inc. (CALM)
Neuberger Berman Group LLC decreased its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 4.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,681,330 shares of the basic materials company’s stock after selling 69,810 shares during the period. Neuberger Berman Group LLC owned about 3.46% of Cal-Maine Foods worth $66,581,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue raised its position in shares of Cal-Maine Foods by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,280 shares of the basic materials company’s stock worth $120,000 after buying an additional 60 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Cal-Maine Foods by 138.3% in the second quarter. Bessemer Group Inc. now owns 3,649 shares of the basic materials company’s stock worth $145,000 after buying an additional 2,118 shares in the last quarter. Carroll Financial Associates Inc. acquired a new position in shares of Cal-Maine Foods during the second quarter worth $162,000. Juncture Wealth Strategies LLC acquired a new position in shares of Cal-Maine Foods during the second quarter worth $202,000. Finally, FNY Managed Accounts LLC acquired a new position in shares of Cal-Maine Foods during the first quarter worth $187,000. Institutional investors and hedge funds own 62.05% of the company’s stock.
Cal-Maine Foods, Inc. (CALM) opened at 36.45 on Friday. Cal-Maine Foods, Inc. has a 12-month low of $33.40 and a 12-month high of $46.47. The stock has a 50 day moving average price of $36.29 and a 200-day moving average price of $37.71. The stock’s market capitalization is $1.77 billion.
Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Monday, July 24th. The basic materials company reported ($0.51) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $274.60 million during the quarter, compared to the consensus estimate of $271.33 million. During the same period last year, the firm posted ($0.01) earnings per share. The company’s revenue for the quarter was down 9.4% compared to the same quarter last year. On average, equities analysts anticipate that Cal-Maine Foods, Inc. will post $0.26 earnings per share for the current fiscal year.
A number of brokerages have weighed in on CALM. BidaskClub upgraded Cal-Maine Foods from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. ValuEngine upgraded Cal-Maine Foods from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Cleveland Research lowered Cal-Maine Foods from a “neutral” rating to an “underperform” rating and set a $30.00 target price on the stock. in a research note on Tuesday, May 30th. Finally, Goldman Sachs Group, Inc. (The) lowered Cal-Maine Foods from a “neutral” rating to a “sell” rating and set a $31.00 target price on the stock. in a research note on Friday, June 16th. Five investment 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. Cal-Maine Foods currently has a consensus rating of “Hold” and an average target price of $36.70.
About Cal-Maine Foods
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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