5,726 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Bought by denkapparat Operations GmbH

denkapparat Operations GmbH purchased a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,726 shares of the basic materials company’s stock, valued at approximately $589,000. Cal-Maine Foods makes up 0.9% of denkapparat Operations GmbH’s holdings, making the stock its 29th biggest position.

A number of other hedge funds also recently made changes to their positions in the stock. Quarry LP grew its position in shares of Cal-Maine Foods by 32.5% during the third quarter. Quarry LP now owns 770 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 189 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Cal-Maine Foods by 339.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock valued at $105,000 after buying an additional 797 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Cal-Maine Foods in the fourth quarter worth $134,000. GAMMA Investing LLC boosted its position in shares of Cal-Maine Foods by 24.3% during the fourth quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock worth $141,000 after acquiring an additional 267 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Cal-Maine Foods by 350.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock valued at $148,000 after acquiring an additional 1,118 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CALM shares. Stephens reissued an “equal weight” rating and set a $97.00 price objective on shares of Cal-Maine Foods in a report on Thursday, March 6th. StockNews.com cut Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Tuesday.

Cal-Maine Foods Stock Down 0.6 %

CALM stock opened at $92.21 on Friday. The company has a fifty day simple moving average of $97.60 and a two-hundred day simple moving average of $94.09. Cal-Maine Foods, Inc. has a 52 week low of $55.00 and a 52 week high of $116.41. The firm has a market capitalization of $4.52 billion, a P/E ratio of 7.18 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.42. The company had revenue of $954.70 million for 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%. The firm’s revenue for the quarter was up 82.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. As a group, analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Insider Buying and Selling

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the business’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 transaction of $88,965.73. Following the completion of the transaction, the director now owns 42,761 shares in the company, valued at $4,702,427.17. The trade was a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 13.45% of the stock is owned by corporate insiders.

Cal-Maine Foods 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.