Fortis Capital Advisors LLC Makes New $240,000 Investment in Cal-Maine Foods, Inc. (NASDAQ:CALM)

by · The Cerbat Gem

Fortis Capital Advisors LLC purchased a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund purchased 4,180 shares of the basic materials company’s stock, valued at approximately $240,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. National Bank of Canada FI raised its position in shares of Cal-Maine Foods by 2.3% during the 4th quarter. National Bank of Canada FI now owns 9,547 shares of the basic materials company’s stock worth $541,000 after buying an additional 218 shares in the last quarter. Signaturefd LLC raised its position in shares of Cal-Maine Foods by 44.2% during the 3rd quarter. Signaturefd LLC now owns 760 shares of the basic materials company’s stock worth $37,000 after buying an additional 233 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Cal-Maine Foods by 37.6% during the 4th quarter. Quadrant Capital Group LLC now owns 941 shares of the basic materials company’s stock worth $54,000 after buying an additional 257 shares in the last quarter. Donoghue Forlines LLC raised its position in shares of Cal-Maine Foods by 4.2% during the 4th quarter. Donoghue Forlines LLC now owns 7,211 shares of the basic materials company’s stock worth $414,000 after buying an additional 289 shares in the last quarter. Finally, Amalgamated Bank raised its position in shares of Cal-Maine Foods by 2.6% during the 3rd quarter. Amalgamated Bank now owns 17,667 shares of the basic materials company’s stock worth $855,000 after buying an additional 448 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Trading Up 1.1 %

Shares of NASDAQ CALM traded up $0.64 during midday trading on Friday, reaching $60.35. The company’s stock had a trading volume of 386,133 shares, compared to its average volume of 529,416. The company has a 50 day moving average price of $59.37 and a 200 day moving average price of $56.09. Cal-Maine Foods, Inc. has a one year low of $42.25 and a one year high of $64.76. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 10.70 and a beta of -0.02.

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

Wall Street Analysts Forecast Growth

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

Read Our Latest Research Report on CALM

Cal-Maine Foods Company Profile

(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.

See Also

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