Harvest Fund Management Co. Ltd Invests $362,000 in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Harvest Fund Management Co. Ltd acquired a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,838 shares of the basic materials company’s stock, valued at approximately $362,000.

A number of other institutional investors have also recently added to or reduced their stakes in CALM. Hantz Financial Services Inc. purchased a new position in shares of Cal-Maine Foods in the second quarter valued at $25,000. Harbor Capital Advisors Inc. acquired a new stake in Cal-Maine Foods in the 3rd quarter valued at about $29,000. Hexagon Capital Partners LLC increased its holdings in Cal-Maine Foods by 57.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 155 shares in the last quarter. Krane Funds Advisors LLC purchased a new position in Cal-Maine Foods during the 3rd quarter valued at about $33,000. Finally, Quarry LP lifted its holdings in shares of Cal-Maine Foods by 1,975.0% in the second quarter. Quarry LP now owns 581 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 553 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CALM shares. StockNews.com cut shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Saturday. Stephens initiated coverage on Cal-Maine Foods in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 price target for the company.

Cal-Maine Foods Price Performance

Shares of NASDAQ CALM opened at $96.62 on Wednesday. The company has a market cap of $4.74 billion, a PE ratio of 11.07 and a beta of -0.12. The company has a 50-day simple moving average of $86.55 and a 200-day simple moving average of $72.47. Cal-Maine Foods, Inc. has a 12 month low of $46.30 and a 12 month high of $99.63.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing the consensus estimate of $3.36 by ($0.30). Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The business had revenue of $785.87 million during the quarter, compared to analyst estimates of $704.65 million. During the same quarter last year, the firm posted $0.02 earnings per share. The company’s revenue was up 71.1% on a year-over-year basis. On average, analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 EPS for the current year.

Cal-Maine Foods Company Profile

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.