Walleye Capital LLC Sells 17,436 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Walleye Capital LLC trimmed its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 38.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 27,606 shares of the basic materials company’s stock after selling 17,436 shares during the period. Walleye Capital LLC’s holdings in Cal-Maine Foods were worth $2,066,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Hantz Financial Services Inc. purchased a new stake in shares of Cal-Maine Foods in the second quarter valued at approximately $25,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Cal-Maine Foods in the 3rd quarter worth $29,000. Hexagon Capital Partners LLC grew its position in shares of 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 worth $32,000 after buying an additional 155 shares in the last quarter. Krane Funds Advisors LLC purchased a new position in shares of Cal-Maine Foods during the third quarter valued at $33,000. Finally, Quarry LP raised 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 acquiring an additional 553 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Price Performance

Shares of NASDAQ CALM opened at $98.64 on Wednesday. Cal-Maine Foods, Inc. has a 1-year low of $48.22 and a 1-year high of $100.86. The business has a fifty day moving average price of $88.98 and a 200 day moving average price of $73.86. The stock has a market capitalization of $4.84 billion, a P/E ratio of 11.30 and a beta of -0.10.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 EPS 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 firm had revenue of $785.87 million for the quarter, compared to analysts’ expectations of $704.65 million. During the same period in the previous year, the company posted $0.02 earnings per share. The business’s quarterly revenue was up 71.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. StockNews.com cut shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Saturday, November 23rd. Stephens began coverage on shares of Cal-Maine Foods in a report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 price objective on the stock.

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.