Cary Street Partners Financial LLC Purchases Shares of 3,827 Cal-Maine Foods, Inc. (NASDAQ:CALM)

Cary Street Partners Financial LLC acquired a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,827 shares of the basic materials company’s stock, valued at approximately $394,000.

Several other hedge funds have also modified their holdings of the stock. Barclays PLC raised its position in Cal-Maine Foods by 48.3% in the 3rd quarter. Barclays PLC now owns 103,558 shares of the basic materials company’s stock valued at $7,749,000 after purchasing an additional 33,731 shares in the last quarter. Franklin Resources Inc. raised its holdings in Cal-Maine Foods by 91.7% in the third quarter. Franklin Resources Inc. now owns 62,979 shares of the basic materials company’s stock valued at $4,713,000 after acquiring an additional 30,122 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 worth $141,000 after acquiring an additional 267 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of Cal-Maine Foods in the 4th quarter valued at approximately $765,000. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in shares of Cal-Maine Foods by 2.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 16,243 shares of the basic materials company’s stock valued at $1,672,000 after purchasing an additional 324 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Adolphus B. Baker sold 140,266 shares of the stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $90.60, for a total transaction of $12,708,099.60. Following the completion of the sale, the insider now owns 1,319,034 shares in the company, valued at approximately $119,504,480.40. This represents a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 13.45% of the stock is currently owned by insiders.

Cal-Maine Foods Stock Performance

CALM opened at $91.26 on Friday. The stock has a market capitalization of $4.48 billion, a P/E ratio of 7.10 and a beta of 0.18. Cal-Maine Foods, Inc. has a one year low of $57.13 and a one year high of $116.41. The business’s 50-day simple moving average is $91.53 and its 200-day simple moving average is $97.04.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, beating analysts’ consensus estimates of $5.79 by $4.59. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $953.76 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The firm’s revenue for the quarter was up 101.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.00 earnings per share. On average, equities research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Stephens reissued an “equal weight” rating and issued a $97.00 target price on shares of Cal-Maine Foods in a report on Wednesday, April 23rd. BMO Capital Markets raised Cal-Maine Foods to a “hold” rating in a research report on Tuesday. Finally, StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Saturday.

Cal-Maine Foods 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.