Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. raised its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 37.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,465 shares of the basic materials company’s stock after buying an additional 2,038 shares during the period. Blue Trust Inc.’s holdings in Cal-Maine Foods were worth $768,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Exchange Traded Concepts LLC raised its holdings in Cal-Maine Foods by 4.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 41,725 shares of the basic materials company’s stock valued at $4,294,000 after acquiring an additional 1,903 shares in the last quarter. Inspire Investing LLC raised its stake in shares of Cal-Maine Foods by 112.4% in the 4th quarter. Inspire Investing LLC now owns 11,805 shares of the basic materials company’s stock valued at $1,215,000 after purchasing an additional 6,247 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Cal-Maine Foods by 350.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock worth $148,000 after purchasing an additional 1,118 shares during the last quarter. Ballentine Partners LLC acquired a new position in Cal-Maine Foods in the fourth quarter worth about $213,000. Finally, Eldred Rock Partners LLC increased its holdings in Cal-Maine Foods by 0.4% in the fourth quarter. Eldred Rock Partners LLC now owns 145,630 shares of the basic materials company’s stock valued at $14,935,000 after buying an additional 635 shares during the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented 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 initiated coverage on shares of Cal-Maine Foods in a research note on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 target price for the company.

Cal-Maine Foods Stock Up 1.1 %

Shares of CALM stock opened at $112.38 on Thursday. The company has a market cap of $5.51 billion, a P/E ratio of 8.75 and a beta of -0.11. The business has a 50 day moving average of $104.36 and a two-hundred day moving average of $87.11. Cal-Maine Foods, Inc. has a 52 week low of $54.53 and a 52 week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data 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 business had revenue of $954.70 million during the quarter, compared to analyst estimates of $751.50 million. During the same quarter in the previous year, the firm posted $0.35 EPS. The business’s revenue for the quarter was up 82.5% compared to the same quarter last year. Analysts expect that Cal-Maine Foods, Inc. will post 8.54 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Letitia Callender Hughes sold 809 shares of the firm’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 directly owns 42,761 shares in the company, valued at $4,702,427.17. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 13.45% of the company’s stock.

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.