Victory Capital Management Inc. Boosts Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Victory Capital Management Inc. increased its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 52.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 196,874 shares of the basic materials company’s stock after buying an additional 67,807 shares during the period. Victory Capital Management Inc. owned about 0.40% of Cal-Maine Foods worth $20,262,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in shares of Cal-Maine Foods by 88.6% in the third quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company’s stock worth $25,457,000 after acquiring an additional 159,787 shares in the last quarter. Two Sigma Advisers LP grew its stake in Cal-Maine Foods by 652.6% during the 3rd quarter. Two Sigma Advisers LP now owns 160,300 shares of the basic materials company’s stock worth $11,997,000 after purchasing an additional 139,000 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Cal-Maine Foods by 17.3% during the 4th quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company’s stock worth $53,272,000 after purchasing an additional 76,387 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in Cal-Maine Foods by 130.9% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 132,460 shares of the basic materials company’s stock valued at $9,913,000 after purchasing an additional 75,090 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Cal-Maine Foods by 4.3% in the 3rd quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company’s stock valued at $116,876,000 after buying an additional 64,489 shares during the period. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CALM. Stephens restated an “equal weight” rating and set a $97.00 target price on shares of Cal-Maine Foods in a research note on Thursday, March 6th. StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

Insider Activity

In other news, Director Letitia Callender Hughes sold 809 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 42,761 shares of the company’s stock, valued at approximately $4,702,427.17. The trade was a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 13.45% of the company’s stock.

Cal-Maine Foods Stock Performance

NASDAQ:CALM opened at $87.63 on Wednesday. Cal-Maine Foods, Inc. has a 1 year low of $55.00 and a 1 year high of $116.41. The stock has a market cap of $4.30 billion, a P/E ratio of 6.82 and a beta of -0.12. The stock has a 50-day simple moving average of $101.76 and a 200-day simple moving average of $92.87.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $751.50 million. During the same period in the prior year, the company posted $0.35 earnings per share. The firm’s quarterly revenue was up 82.5% compared to the same quarter last year. On average, equities research analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

About Cal-Maine Foods

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.