The IMS Capital Management decides to keep it stake in Cal-Maine Foods Inc. (CALM) to the level of $261,000

The IMS Capital Management decides to keep it stake in Cal-Maine Foods Inc. (CALM) to the level of $261,000

IMS Capital Management boosted its position in Cal-Maine Foods Inc. (NASDAQ:CALM) by 5.5% during the second quarter, Holdings Channel reports. The firm owned 5,900 shares of the company’s stock after buying an additional 310 shares during the period. IMS Capital Management’s holdings in Cal-Maine Foods were worth $261,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CALM. LPL Financial LLC increased its position in Cal-Maine Foods by 86.2% in the first quarter. LPL Financial LLC now owns 50,248 shares of the company’s stock worth $2,609,000 after buying an additional 23,263 shares during the period. Callahan Advisors LLC increased its position in Cal-Maine Foods by 1.0% in the second quarter. Callahan Advisors LLC now owns 107,471 shares of the company’s stock worth $4,763,000 after buying an additional 1,082 shares during the period. Baltimore Washington Financial Advisors Inc. increased its position in Cal-Maine Foods by 1.4% in the second quarter. Baltimore Washington Financial Advisors Inc. now owns 115,607 shares of the company’s stock worth $5,123,000 after buying an additional 1,562 shares during the period. Aperio Group LLC increased its position in Cal-Maine Foods by 3.0% in the first quarter. Aperio Group LLC now owns 11,808 shares of the company’s stock worth $613,000 after buying an additional 348 shares during the period. Finally, HBK Investments L P purchased a new position in Cal-Maine Foods during the first quarter worth approximately $351,000. Institutional investors own 63.87% of the company’s stock.

Shares of Cal-Maine Foods Inc. (NASDAQ:CALM) traded up 1.25% during midday trading on Friday, hitting $38.16. The company had a trading volume of 405,738 shares. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 12.99 and a beta of 0.75. The company’s 50 day moving average is $39.77 and its 200 day moving average is $43.77. Cal-Maine Foods Inc. has a one year low of $36.45 and a one year high of $58.25.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Monday, September 26th. The company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by $0.31. Cal-Maine Foods had a net margin of 9.23% and a return on equity of 15.81%. The business had revenue of $239.80 million for the quarter. During the same quarter last year, the company earned $2.95 EPS. The company’s quarterly revenue was down 60.7% compared to the same quarter last year. Equities analysts forecast that Cal-Maine Foods Inc. will post $0.37 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on CALM shares. Vetr downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating and set a $46.84 price objective on the stock. in a report on Monday, August 29th. Zacks Investment Research downgraded Cal-Maine Foods from a “buy” rating to a “strong sell” rating in a report on Friday, September 16th. DA Davidson reiterated an “underperform” rating and set a $35.00 target price (down from $37.00) on shares of Cal-Maine Foods in a report on Tuesday, September 27th. Finally, TheStreet downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Monday, September 26th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the stock. Cal-Maine Foods presently has an average rating of “Hold” and a consensus price target of $43.44.

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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