Blue Trust Inc. Buys 2,145 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Blue Trust Inc. increased its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 65.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,427 shares of the basic materials company’s stock after acquiring an additional 2,145 shares during the quarter. Blue Trust Inc.’s holdings in Cal-Maine Foods were worth $406,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hodges Capital Management Inc. grew its holdings in Cal-Maine Foods by 129.0% during the 1st quarter. Hodges Capital Management Inc. now owns 154,225 shares of the basic materials company’s stock valued at $9,076,000 after buying an additional 86,870 shares in the last quarter. MCF Advisors LLC purchased a new position in shares of Cal-Maine Foods in the first quarter valued at $46,000. AlphaMark Advisors LLC bought a new stake in Cal-Maine Foods in the first quarter worth $312,000. Allspring Global Investments Holdings LLC increased its position in Cal-Maine Foods by 4.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 45,440 shares of the basic materials company’s stock worth $2,674,000 after purchasing an additional 1,989 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Cal-Maine Foods by 9.4% during the first quarter. Principal Financial Group Inc. now owns 231,487 shares of the basic materials company’s stock valued at $13,623,000 after purchasing an additional 19,983 shares in the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Robert L. Holladay, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $70.93, for a total transaction of $106,395.00. Following the completion of the sale, the vice president now directly owns 16,754 shares of the company’s stock, valued at approximately $1,188,361.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Robert L. Holladay, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total value of $106,395.00. Following the transaction, the vice president now owns 16,754 shares of the company’s stock, valued at $1,188,361.22. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Michael Todd Walters sold 3,000 shares of Cal-Maine Foods stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $70.20, for a total transaction of $210,600.00. Following the sale, the chief operating officer now owns 5,310 shares of the company’s stock, valued at $372,762. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,000 shares of company stock valued at $422,970. 13.51% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. StockNews.com cut shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Tuesday. Stephens started coverage on Cal-Maine Foods in a research report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target for the company. Finally, The Goldman Sachs Group upped their price objective on Cal-Maine Foods from $47.00 to $52.00 and gave the company a “sell” rating in a research report on Wednesday, July 17th.

Cal-Maine Foods Stock Down 0.1 %

NASDAQ CALM opened at $88.46 on Thursday. Cal-Maine Foods, Inc. has a 52 week low of $44.30 and a 52 week high of $95.06. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 15.68 and a beta of -0.10. The company has a fifty day moving average of $76.68 and a two-hundred day moving average of $67.03.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 EPS for the quarter, missing the consensus estimate of $3.36 by ($0.30). The firm had revenue of $785.87 million for the quarter, compared to the consensus estimate of $704.65 million. Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The business’s revenue for the quarter was up 71.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 earnings per share.

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.