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

HighTower Advisors LLC boosted its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 17.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,369 shares of the basic materials company’s stock after acquiring an additional 1,661 shares during the period. HighTower Advisors LLC’s holdings in Cal-Maine Foods were worth $1,170,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CALM. Nisa Investment Advisors LLC raised its stake in 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 valued at $148,000 after buying an additional 1,118 shares in the last quarter. Vest Financial LLC lifted its stake in Cal-Maine Foods by 17.2% during the fourth quarter. Vest Financial LLC now owns 23,553 shares of the basic materials company’s stock worth $2,424,000 after purchasing an additional 3,449 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Cal-Maine Foods during the third quarter valued at $788,000. Asset Management One Co. Ltd. raised its holdings in shares of Cal-Maine Foods by 1,061.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 32,924 shares of the basic materials company’s stock worth $3,330,000 after purchasing an additional 30,089 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Cal-Maine Foods by 339.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock worth $105,000 after buying an additional 797 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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. 13.45% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Stephens reaffirmed an “equal weight” rating and set a $97.00 price objective on shares of Cal-Maine Foods in a research report on Thursday, March 6th. StockNews.com cut Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Tuesday.

Cal-Maine Foods Stock Up 0.9 %

CALM stock opened at $94.03 on Wednesday. The stock has a market cap of $4.61 billion, a PE ratio of 7.32 and a beta of -0.12. The firm’s 50-day simple moving average is $98.39 and its 200 day simple moving average is $94.12. Cal-Maine Foods, Inc. has a fifty-two week low of $55.00 and a fifty-two week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share 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 company had revenue of $954.70 million for the quarter, compared to analysts’ expectations of $751.50 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The business’s revenue for the quarter was up 82.5% compared to the same quarter last year. Equities analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

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.