Hodges Capital Management Inc. Boosts Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Hodges Capital Management Inc. lifted its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 129.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 154,225 shares of the basic materials company’s stock after purchasing an additional 86,870 shares during the period. Hodges Capital Management Inc. owned 0.31% of Cal-Maine Foods worth $9,076,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Park Place Capital Corp bought a new position in shares of Cal-Maine Foods in the 4th quarter worth about $26,000. Cape Investment Advisory Inc. bought a new position in shares of Cal-Maine Foods in the 4th quarter worth about $32,000. TFO Wealth Partners LLC increased its stake in Cal-Maine Foods by 32,400.0% during the 4th 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 in the last quarter. Principal Securities Inc. bought a new stake in Cal-Maine Foods during the 4th quarter valued at about $43,000. Finally, Quadrant Capital Group LLC increased its stake in 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 valued at $54,000 after purchasing an additional 257 shares in the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Cal-Maine Foods Trading Up 1.0 %

NASDAQ:CALM traded up $0.63 on Friday, reaching $61.11. 1,998,001 shares of the stock traded hands, compared to its average volume of 620,297. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 10.84 and a beta of -0.05. Cal-Maine Foods, Inc. has a 12 month low of $42.25 and a 12 month high of $64.76. The company’s fifty day simple moving average is $58.85 and its 200 day simple moving average is $57.89.

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

Analyst Upgrades and Downgrades

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

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.