Guerra Advisors Inc Takes Position in Cal-Maine Foods, Inc. $CALM

Guerra Advisors Inc bought a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,306 shares of the basic materials company’s stock, valued at approximately $970,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CALM. IFP Advisors Inc boosted its stake in Cal-Maine Foods by 195.1% during the 2nd quarter. IFP Advisors Inc now owns 239 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 158 shares during the period. Sound Income Strategies LLC bought a new position in shares of Cal-Maine Foods in the third quarter valued at $32,000. Carolina Wealth Advisors LLC purchased a new stake in Cal-Maine Foods during the third quarter valued at about $47,000. Financial Consulate Inc. purchased a new stake in shares of Cal-Maine Foods in the 3rd quarter valued at approximately $56,000. Finally, Byrne Asset Management LLC acquired a new stake in shares of Cal-Maine Foods in the third quarter worth $66,000. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on CALM. Weiss Ratings lowered Cal-Maine Foods from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, December 29th. Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a report on Monday, January 5th. Stephens set a $85.00 target price on shares of Cal-Maine Foods and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. Finally, BMO Capital Markets lowered their price objective on Cal-Maine Foods from $97.00 to $85.00 and set a “market perform” rating on the stock in a research report on Thursday, January 8th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Cal-Maine Foods currently has a consensus rating of “Hold” and an average target price of $93.00.

Cal-Maine Foods Stock Performance

Shares of Cal-Maine Foods stock opened at $83.53 on Monday. Cal-Maine Foods, Inc. has a 52 week low of $71.92 and a 52 week high of $126.40. The firm has a fifty day moving average of $81.71 and a two-hundred day moving average of $93.95. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 3.53 and a beta of 0.26.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Wednesday, January 7th. The basic materials company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Cal-Maine Foods had a return on equity of 44.55% and a net margin of 27.37%.The firm had revenue of $769.50 million for the quarter, compared to the consensus estimate of $828.46 million. During the same period in the previous year, the business earned $4.47 EPS. The firm’s revenue was down 19.4% compared to the same quarter last year. As a group, research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Cal-Maine Foods Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Wednesday, January 28th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Wednesday, January 28th. Cal-Maine Foods’s payout ratio is currently 12.17%.

About Cal-Maine Foods

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. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.