<div id="readability-page-1"><p>Norges Bank bought a new stake in shares of  Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 88,620 shares of the basic materials company's stock, valued at approximately $8,829,000. Norges Bank owned approximately 0.18% of Cal-Maine Foods as of its most recent filing with the Securities and Exchange Commission.</p><div><p><span></span><span>Get <strong>Cal-Maine Foods</strong> alerts:</span></p></div><ul><li>3 Dividend Stocks With Growth Potential You Can’t Miss</li></ul><p>A number of other institutional investors have also bought and sold shares of CALM. IFP Advisors Inc lifted its position in shares of  Cal-Maine Foods by 195.1% in the second quarter. IFP Advisors Inc now owns 239 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 158 shares in the last quarter.  Caitong International Asset Management Co. Ltd bought a new stake in  Cal-Maine Foods during the 1st quarter valued at approximately $52,000.  AdvisorNet Financial Inc purchased a new position in  Cal-Maine Foods in the 2nd quarter worth approximately $54,000.  Quarry LP lifted its holdings in  Cal-Maine Foods by 1,470.5% in the 1st quarter. Quarry LP now owns 691 shares of the basic materials company's stock worth $63,000 after purchasing an additional 647 shares in the last quarter.  Finally, Reyes Financial Architecture Inc. bought a new position in  Cal-Maine Foods in the 2nd quarter worth approximately $82,000. Hedge funds and other institutional investors own  84.67% of the company's stock. </p><h2>Insider Activity</h2><p>In related news, insider Keira L. Lombardo bought 2,800 shares of the company's stock in a transaction dated Thursday, October 2nd. The stock was purchased at an average price of $92.36 per share, for a total transaction of $258,608.00. Following the acquisition, the insider owned 3,738 shares in the company, valued at $345,241.68. This trade represents a 298.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.90% of the stock is owned by insiders. </p><h2>Analysts Set New Price Targets</h2><ul><li>Cal-Maine Foods: A Defensive Play With a Cage-Free Future</li></ul><p>Several research firms have recently issued reports on CALM. Weiss Ratings  reiterated a &#34;buy (b-)&#34; rating on shares of Cal-Maine Foods in a research report on Monday. Wall Street Zen downgraded shares of Cal-Maine Foods from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a report on Saturday, August 23rd. Benchmark began coverage on shares of Cal-Maine Foods in a research note on Monday, December 1st. They issued a &#34;buy&#34; rating and a $100.00 price target on the stock. BMO Capital Markets cut their price objective on Cal-Maine Foods from $105.00 to $97.00 and set a &#34;market perform&#34; rating for the company in a research report on Friday, October 3rd. Finally, The Goldman Sachs Group reduced their target price on Cal-Maine Foods from $110.00 to $98.00 and set a &#34;neutral&#34; rating on the stock in a report on Friday, October 3rd. Two analysts have rated the stock with a Buy rating and three have issued  a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of &#34;Hold&#34; and a consensus price target of $101.40.</p><p><b>Check Out Our Latest Stock Report on Cal-Maine Foods</b></p><h2>Cal-Maine Foods Stock Up 1.1%</h2><ul><li>Egg Prices Surge: 3 Stocks Set to Benefit from Rising PPI Trends</li></ul><p>CALM stock opened at $86.28 on Wednesday. Cal-Maine Foods, Inc. has a 52 week low of $79.55 and a 52 week high of $126.40. The firm has a market capitalization of $4.18 billion, a P/E ratio of 3.32 and a beta of 0.24. The company has a fifty day simple moving average of $88.72 and a two-hundred day simple moving average of $98.82. </p><p>Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its earnings results on Wednesday, October 1st. The basic materials company reported $4.12 earnings per share for the quarter, missing analysts' consensus estimates of $4.55 by ($0.43). Cal-Maine Foods had a return on equity of 52.31% and a net margin of 28.86%.The business had revenue of $922.60 million during the quarter, compared to the consensus estimate of $931.62 million. During the same quarter last year, the firm earned $3.06 earnings per share. The business's quarterly revenue was up 17.4% on a year-over-year basis.  As a group, analysts anticipate that  Cal-Maine Foods, Inc. will post 15.59 EPS for the current year. </p><h2>Cal-Maine Foods Cuts Dividend</h2><p>The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Wednesday, October 29th were given a dividend of $1.37 per share. The ex-dividend date was Wednesday, October 29th. This represents a $5.48 dividend on an annualized basis and a yield of 6.4%. Cal-Maine Foods's dividend payout ratio  is 21.18%. </p><h2>Cal-Maine Foods Profile</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Cal-Maine Foods</li><li>How to trade penny stocks: A step-by-step guide</li><li>Consumers Got Coal, But Santa Dropped Off Big Gains for These 2 Retailers</li><li>Best Stocks Under $10.00 </li><li>10X Gains? These 3 Robotics Stocks Could Explode by 2035</li><li>Canada Bond Market Holiday: How to Invest and Trade </li><li>Anheuser-Busch Buys BeatBox to Win Over Younger Drinkers</li></ul><p><strong>Want to see what other hedge funds are holding CALM?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q0FMTQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q0FMTQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Cal-Maine Foods Right Now?</h2><p>Before you consider Cal-Maine Foods, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cal-Maine Foods wasn't on the list.</p><p>While Cal-Maine Foods currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

CALM

<p>Norges Bank acquired 88,620 shares of Cal-Maine Foods, valued at $8.83 million, during Q2. Analysts have mixed ratings on CALM, with a consensus price target of $101.40. The stock opened at $86.28, with a market cap of $4.18 billion. Cal-Maine Foods reported Q2 earnings of $4.12 per share, missing estimates, and revenue of $922.60 million, up 17.4% YoY.</p>

Norges Bank Takes $8.83 Million Position in Cal-Maine Foods, Inc. $CALM