Kendall Capital Management Sells 1,610 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Kendall Capital Management reduced its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 4.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 33,665 shares of the basic materials company’s stock after selling 1,610 shares during the period. Cal-Maine Foods accounts for approximately 1.0% of Kendall Capital Management’s portfolio, making the stock its 27th largest holding. Kendall Capital Management owned approximately 0.07% of Cal-Maine Foods worth $3,465,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new position in Cal-Maine Foods during the 3rd quarter valued at about $29,000. Quarry LP grew its holdings in Cal-Maine Foods by 32.5% during the 3rd quarter. Quarry LP now owns 770 shares of the basic materials company’s stock valued at $58,000 after buying an additional 189 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Cal-Maine Foods by 339.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock valued at $105,000 after buying an additional 797 shares in the last quarter. GAMMA Investing LLC grew its holdings in Cal-Maine Foods by 24.3% during the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock valued at $141,000 after buying an additional 267 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Cal-Maine Foods by 350.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock valued at $148,000 after buying an additional 1,118 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Trading Up 5.5 %

Shares of NASDAQ CALM opened at $87.18 on Friday. Cal-Maine Foods, Inc. has a 12 month low of $55.00 and a 12 month high of $116.41. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 6.78 and a beta of -0.12. The business has a 50-day moving average of $102.35 and a 200-day moving average of $92.50.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, topping the consensus estimate of $4.05 by $0.42. The company had revenue of $954.70 million during the quarter, compared to analyst estimates of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. Cal-Maine Foods’s revenue was up 82.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 earnings per share. On average, analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Letitia Callender Hughes sold 809 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $4,702,427.17. The trade was a 1.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 13.45% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Stephens reissued an “equal weight” rating and set a $97.00 price objective on shares of Cal-Maine Foods in a report on Thursday.

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.