Blue Trust Inc. Increases Stake in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Blue Trust Inc. increased its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 65.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CALM. BNP Paribas Financial Markets raised its position in shares of Cal-Maine Foods by 65.7% in the 1st quarter. BNP Paribas Financial Markets now owns 55,362 shares of the basic materials company’s stock worth $3,258,000 after acquiring an additional 21,956 shares in the last quarter. SG Americas Securities LLC raised its holdings in Cal-Maine Foods by 362.8% in the second quarter. SG Americas Securities LLC now owns 15,801 shares of the basic materials company’s stock worth $966,000 after purchasing an additional 12,387 shares in the last quarter. Duality Advisers LP raised its holdings in Cal-Maine Foods by 95.2% in the first quarter. Duality Advisers LP now owns 26,792 shares of the basic materials company’s stock worth $1,577,000 after purchasing an additional 13,064 shares in the last quarter. Hodges Capital Management Inc. boosted its holdings in shares of Cal-Maine Foods by 129.0% in 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. Finally, Janus Henderson Group PLC grew its position in shares of Cal-Maine Foods by 162.0% in the 1st quarter. Janus Henderson Group PLC now owns 62,572 shares of the basic materials company’s stock worth $3,681,000 after buying an additional 38,693 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Stock Down 0.1 %

CALM stock opened at $88.46 on Thursday. The stock has a market capitalization of $4.34 billion, a PE ratio of 15.68 and a beta of -0.10. Cal-Maine Foods, Inc. has a 52 week low of $44.30 and a 52 week high of $95.06. The firm has a 50 day moving average of $76.68 and a 200 day moving average of $67.03.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data 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). Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The company had revenue of $785.87 million for the quarter, compared to analyst estimates of $704.65 million. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The company’s quarterly revenue was up 71.1% on a year-over-year basis.

Analysts Set New Price Targets

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

Insider Buying and Selling at Cal-Maine Foods

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

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.