Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp increased its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 0.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 58,566 shares of the basic materials company’s stock after purchasing an additional 390 shares during the quarter. King Luther Capital Management Corp’s holdings in Cal-Maine Foods were worth $6,028,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quarry LP increased its position in shares of Cal-Maine Foods by 32.5% during the third quarter. Quarry LP now owns 770 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 189 shares in the last quarter. Smartleaf Asset Management LLC grew its stake 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 worth $105,000 after buying an additional 797 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in Cal-Maine Foods during the fourth quarter worth approximately $134,000. GAMMA Investing LLC lifted its stake in Cal-Maine Foods by 24.3% in the fourth 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 during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Cal-Maine Foods by 350.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock valued at $148,000 after acquiring an additional 1,118 shares during the period. 84.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were 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. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.45% of the stock is owned by corporate insiders.

Cal-Maine Foods Trading Up 0.3 %

NASDAQ:CALM opened at $87.63 on Wednesday. The stock’s 50 day simple moving average is $101.76 and its 200-day simple moving average is $92.87. 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 cap of $4.30 billion, a P/E ratio of 6.82 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results 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. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The company had revenue of $954.70 million during the quarter, compared to analysts’ expectations of $751.50 million. During the same quarter last year, the business earned $0.35 EPS. The business’s revenue was up 82.5% on a year-over-year basis. Research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Stephens reiterated an “equal weight” rating and issued a $97.00 price target on shares of Cal-Maine Foods in a research report on Thursday, March 6th. StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th.

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.