Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 6.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,357 shares of the basic materials company’s stock after buying an additional 422 shares during the period. Sanctuary Advisors LLC’s holdings in Cal-Maine Foods were worth $757,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC grew its position in shares of Cal-Maine Foods by 350.5% during the 4th 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. Vest Financial LLC grew its position in shares of Cal-Maine Foods by 17.2% during the 4th quarter. Vest Financial LLC now owns 23,553 shares of the basic materials company’s stock valued at $2,424,000 after buying an additional 3,449 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Cal-Maine Foods during the 3rd quarter valued at about $788,000. Asset Management One Co. Ltd. grew its position in shares of Cal-Maine Foods by 1,061.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 32,924 shares of the basic materials company’s stock valued at $3,330,000 after buying an additional 30,089 shares during the last quarter. Finally, Inspire Investing LLC grew its position in shares of Cal-Maine Foods by 112.4% during the 4th quarter. Inspire Investing LLC now owns 11,805 shares of the basic materials company’s stock valued at $1,215,000 after buying an additional 6,247 shares during the last quarter. Institutional investors own 84.67% of the company’s stock.

Wall Street Analysts Forecast Growth

CALM has been the subject of a number of recent research reports. StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Stephens restated an “equal weight” rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research report on Thursday.

Insider Transactions at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 809 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were 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 of the company’s stock, valued at approximately $4,702,427.17. This represents a 1.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 13.45% of the company’s stock.

Cal-Maine Foods Trading Up 1.8 %

NASDAQ CALM opened at $90.39 on Friday. Cal-Maine Foods, Inc. has a 52 week low of $54.88 and a 52 week high of $116.41. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 7.03 and a beta of -0.12. The company has a 50-day moving average price of $103.88 and a two-hundred day moving average price of $91.81.

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

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.