Allspring Global Investments Holdings LLC Has $2.67 Million Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Allspring Global Investments Holdings LLC grew its position in Cal-Maine Foods, Inc. (NASDAQ:CALMFree Report) by 4.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,440 shares of the basic materials company’s stock after purchasing an additional 1,989 shares during the period. Allspring Global Investments Holdings LLC owned about 0.09% of Cal-Maine Foods worth $2,674,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CALM. Park Place Capital Corp bought a new position in Cal-Maine Foods during the 4th quarter valued at about $26,000. Cape Investment Advisory Inc. acquired a new stake in shares of Cal-Maine Foods during the fourth quarter worth approximately $32,000. TFO Wealth Partners LLC raised its stake in shares of Cal-Maine Foods by 32,400.0% in the fourth quarter. TFO Wealth Partners LLC now owns 650 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 648 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of Cal-Maine Foods in the 4th quarter worth approximately $43,000. Finally, MCF Advisors LLC bought a new stake in Cal-Maine Foods during the 1st quarter worth approximately $46,000. Institutional investors and hedge funds own 84.67% of the company’s stock.

Cal-Maine Foods Stock Down 1.5 %

Shares of NASDAQ CALM opened at $61.82 on Wednesday. Cal-Maine Foods, Inc. has a 12-month low of $42.25 and a 12-month high of $64.76. The firm’s 50-day simple moving average is $58.96 and its 200 day simple moving average is $58.08. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 10.96 and a beta of -0.10.

Cal-Maine Foods (NASDAQ:CALMGet Free Report) last announced its earnings results on Tuesday, April 2nd. The basic materials company reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.55. The company had revenue of $703.08 million for the quarter, compared to analyst estimates of $692.35 million. Cal-Maine Foods had a net margin of 11.61% and a return on equity of 16.79%. Cal-Maine Foods’s quarterly revenue was down 29.5% on a year-over-year basis. During the same period in the prior year, the business earned $6.62 earnings per share. On average, equities analysts expect that Cal-Maine Foods, Inc. will post 4.51 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Stephens reiterated an “equal weight” rating and issued a $65.00 price objective on shares of Cal-Maine Foods in a research report on Wednesday, April 3rd.

Get Our Latest Report on Cal-Maine Foods

About Cal-Maine Foods

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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