Seven Eight Capital LP Acquires Shares of 6,936 Cal-Maine Foods, Inc. (NASDAQ:CALM)

Seven Eight Capital LP purchased a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,936 shares of the basic materials company’s stock, valued at approximately $408,000.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. The Goldman Sachs Group upped their target price on shares of Cal-Maine Foods from $47.00 to $52.00 and gave the company a “sell” rating in a report on Wednesday, July 17th. Stephens reaffirmed an “equal weight” rating and issued a $65.00 target price on shares of Cal-Maine Foods in a report on Wednesday, April 3rd.

Cal-Maine Foods Trading Up 3.1 %

Cal-Maine Foods stock traded up $2.03 during midday trading on Wednesday, hitting $66.86. The stock had a trading volume of 1,187,671 shares, compared to its average volume of 638,234. Cal-Maine Foods, Inc. has a 52-week low of $42.25 and a 52-week high of $69.44. The company has a market capitalization of $3.28 billion, a PE ratio of 12.22 and a beta of -0.10. The firm’s fifty day moving average is $60.85 and its two-hundred day moving average is $58.84.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Tuesday, July 23rd. The basic materials company reported $2.32 EPS for the quarter, missing the consensus estimate of $2.41 by ($0.09). The firm had revenue of $640.80 million for the quarter, compared to the consensus estimate of $652.32 million. Cal-Maine Foods had a net margin of 11.61% and a return on equity of 16.79%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.27 earnings per share.

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.