Fox Run Management L.L.C. Takes $323,000 Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Fox Run Management L.L.C. bought a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,135 shares of the basic materials company’s stock, valued at approximately $323,000.

Other institutional investors have also bought and sold shares of the company. Quarry LP lifted its position in shares of Cal-Maine Foods by 32.5% in the third quarter. Quarry LP now owns 770 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 189 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Cal-Maine Foods by 339.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 797 shares during the period. Daiwa Securities Group Inc. bought a new position in Cal-Maine Foods in the 4th quarter worth approximately $134,000. 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 raised its position in shares of Cal-Maine Foods by 350.5% during the fourth 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 during the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CALM shares. Stephens reaffirmed an “equal weight” rating and set a $97.00 target price on shares of Cal-Maine Foods in a research note on Thursday, March 6th. StockNews.com cut Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Tuesday.

Cal-Maine Foods Stock Performance

NASDAQ CALM opened at $92.80 on Thursday. The stock has a 50 day moving average price of $98.00 and a 200-day moving average price of $94.11. Cal-Maine Foods, Inc. has a one year low of $55.00 and a one year high of $116.41. The company has a market capitalization of $4.55 billion, a P/E ratio of 7.22 and a beta of -0.12.

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 analysts’ consensus estimates of $4.05 by $0.42. The business had revenue of $954.70 million during the quarter, compared to analysts’ expectations of $751.50 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The business’s revenue was up 82.5% on a year-over-year basis. During the same period last year, the company posted $0.35 EPS. As a group, equities analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Letitia Callender Hughes sold 809 shares of the firm’s stock in a transaction 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 directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.45% of the stock is currently owned by company insiders.

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.