Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,134,974 shares of the basic materials company’s stock after selling 56,050 shares during the quarter. Renaissance Technologies LLC’s holdings in Cal-Maine Foods were worth $219,732,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CALM. Savant Capital LLC lifted its position in Cal-Maine Foods by 2.5% in the fourth quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company’s stock valued at $391,000 after buying an additional 92 shares during the last quarter. US Bancorp DE raised its position in Cal-Maine Foods by 2.4% in the 4th quarter. US Bancorp DE now owns 6,710 shares of the basic materials company’s stock valued at $691,000 after purchasing an additional 156 shares in the last quarter. Stifel Financial Corp lifted its stake in Cal-Maine Foods by 1.3% in the third quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company’s stock worth $1,126,000 after acquiring an additional 188 shares during the last quarter. Quarry LP increased its holdings in Cal-Maine Foods by 32.5% in the third quarter. Quarry LP now owns 770 shares of the basic materials company’s stock valued at $58,000 after buying an additional 189 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in Cal-Maine Foods by 2.5% during the 4th quarter. Bank of Montreal Can now owns 10,338 shares of the basic materials company’s stock worth $1,064,000 after acquiring an additional 255 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CALM shares. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, April 2nd. Stephens reissued an “equal weight” rating and set a $97.00 price target on shares of Cal-Maine Foods in a research report on Thursday, March 6th.

Cal-Maine Foods Stock Up 1.3 %

NASDAQ:CALM opened at $93.45 on Tuesday. The firm has a market cap of $4.58 billion, a P/E ratio of 7.27 and a beta of 0.11. Cal-Maine Foods, Inc. has a 52-week low of $55.15 and a 52-week high of $116.41. The business’s 50-day moving average price is $94.90 and its 200 day moving average price is $95.51.

Cal-Maine Foods (NASDAQ:CALM) last issued 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. The business had revenue of $954.70 million during the quarter, compared to analysts’ expectations of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. Cal-Maine Foods’s revenue was up 82.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 earnings per share. Sell-side analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Insider Buying and Selling at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total transaction of $88,965.73. Following the completion of the sale, the director now owns 42,761 shares in the company, valued at $4,702,427.17. This represents a 1.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 13.45% of the company’s stock.

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.