Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 25.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,728 shares of the basic materials company’s stock after selling 7,921 shares during the period. Assenagon Asset Management S.A.’s holdings in Cal-Maine Foods were worth $2,442,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CALM. Harbor Capital Advisors Inc. purchased a new position in Cal-Maine Foods in the third quarter valued at about $29,000. Hexagon Capital Partners LLC grew its holdings in shares of Cal-Maine Foods by 57.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 155 shares during the period. Krane Funds Advisors LLC purchased a new position in Cal-Maine Foods in the 3rd quarter valued at approximately $33,000. Quarry LP raised its holdings in Cal-Maine Foods by 1,975.0% during the second quarter. Quarry LP now owns 581 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 553 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings 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 purchasing an additional 425 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several 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 started coverage on shares of Cal-Maine Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price objective on the stock.

Cal-Maine Foods Stock Performance

CALM stock opened at $112.03 on Thursday. The stock’s 50 day moving average price is $102.65 and its 200 day moving average price is $85.47. The firm has a market cap of $5.49 billion, a P/E ratio of 8.72 and a beta of -0.11. Cal-Maine Foods, Inc. has a 1 year low of $54.50 and a 1 year high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.42. The business had revenue of $954.70 million for the quarter, compared to the consensus estimate of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The business’s revenue was up 82.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 earnings per share. On average, research analysts predict that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current year.

Insider Buying and Selling at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the business’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 transaction, the director now directly owns 42,761 shares in the company, valued at approximately $4,702,427.17. The trade was a 1.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 13.45% of the stock is owned by 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.