Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Bought by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC grew its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 339.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,032 shares of the basic materials company’s stock after purchasing an additional 797 shares during the period. Smartleaf Asset Management LLC’s holdings in Cal-Maine Foods were worth $105,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new position in Cal-Maine Foods during the 3rd quarter worth approximately $29,000. Quarry LP grew its holdings in shares of Cal-Maine Foods by 32.5% in the 3rd quarter. Quarry LP now owns 770 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 189 shares during the period. GAMMA Investing LLC grew its holdings in shares of Cal-Maine Foods by 24.3% in 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 during the period. Nisa Investment Advisors LLC grew its holdings in shares of Cal-Maine Foods by 350.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock worth $148,000 after acquiring an additional 1,118 shares during the period. Finally, KBC Group NV grew its holdings in shares of Cal-Maine Foods by 59.8% in the 4th quarter. KBC Group NV now owns 1,681 shares of the basic materials company’s stock worth $173,000 after acquiring an additional 629 shares during the period. Institutional investors and hedge funds own 84.67% of the company’s stock.

Insider Activity at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of the company’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 sale, the director now owns 42,761 shares of the company’s stock, valued at approximately $4,702,427.17. This represents a 1.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.45% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CALM. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Stephens restated an “equal weight” rating and issued a $97.00 price target on shares of Cal-Maine Foods in a report on Thursday.

Cal-Maine Foods Price Performance

CALM opened at $87.18 on Friday. Cal-Maine Foods, Inc. has a 1-year low of $55.00 and a 1-year high of $116.41. The stock’s 50 day simple moving average is $102.35 and its 200 day simple moving average is $92.50. The stock has a market cap of $4.27 billion, a P/E ratio of 6.78 and a beta of -0.12.

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

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.