Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Bought by Blue Trust Inc.

Blue Trust Inc. grew its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 37.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,465 shares of the basic materials company’s stock after acquiring an additional 2,038 shares during the period. Blue Trust Inc.’s holdings in Cal-Maine Foods were worth $768,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new position in shares of Cal-Maine Foods during the 3rd quarter worth approximately $29,000. Hexagon Capital Partners LLC grew its holdings in shares of Cal-Maine Foods by 57.0% during the third 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 acquired a new position in shares of Cal-Maine Foods in the third quarter valued at approximately $33,000. Quarry LP lifted its stake in shares of Cal-Maine Foods by 1,975.0% during the second quarter. Quarry LP now owns 581 shares of the basic materials company’s stock valued at $36,000 after buying an additional 553 shares during the period. Finally, GAMMA Investing LLC boosted its position in Cal-Maine Foods by 62.9% during the third quarter. GAMMA Investing LLC now owns 1,101 shares of the basic materials company’s stock worth $82,000 after acquiring an additional 425 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CALM. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Stephens started coverage on Cal-Maine Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target on the stock.

Insiders Place Their Bets

In other news, Director Letitia Callender Hughes sold 809 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total value of $88,965.73. Following the completion of the sale, the director now owns 42,761 shares of the company’s stock, valued at $4,702,427.17. This represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.45% of the stock is owned by insiders.

Cal-Maine Foods Stock Up 1.1 %

Shares of NASDAQ CALM opened at $112.38 on Thursday. The stock has a market capitalization of $5.51 billion, a PE ratio of 8.75 and a beta of -0.11. The firm has a fifty day moving average of $104.36 and a 200-day moving average of $87.11. Cal-Maine Foods, Inc. has a 52-week low of $54.53 and a 52-week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.42. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The company had revenue of $954.70 million for the quarter, compared to the consensus estimate of $751.50 million. During the same period last year, the business posted $0.35 EPS. The company’s quarterly revenue was up 82.5% compared to the same quarter last year. Equities research analysts expect that Cal-Maine Foods, Inc. will post 8.54 EPS for the current fiscal 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.