Cal-Maine Foods, Inc. (NASDAQ:CALM) is Landscape Capital Management L.L.C.’s 10th Largest Position

Landscape Capital Management L.L.C. grew its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 10.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,510 shares of the basic materials company’s stock after acquiring an additional 6,730 shares during the quarter. Cal-Maine Foods comprises approximately 0.8% of Landscape Capital Management L.L.C.’s portfolio, making the stock its 10th biggest position. Landscape Capital Management L.L.C.’s holdings in Cal-Maine Foods were worth $7,360,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Quarry LP grew its position in Cal-Maine Foods by 32.5% in the 3rd 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. Smartleaf Asset Management LLC lifted its stake 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 acquiring an additional 797 shares during the period. Daiwa Securities Group Inc. purchased a new stake in shares of Cal-Maine Foods in the fourth quarter valued at about $134,000. GAMMA Investing LLC increased its stake 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 period. Finally, Nisa Investment Advisors LLC raised its holdings 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 worth $148,000 after purchasing an additional 1,118 shares in the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Letitia Callender Hughes sold 809 shares of the stock in a transaction dated Tuesday, January 14th. The shares were 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 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 Securities & Exchange Commission, which is available at this hyperlink. 13.45% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CALM shares. Stephens reaffirmed an “equal weight” rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a report on Thursday, March 6th. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday.

Cal-Maine Foods Stock Down 0.1 %

Shares of CALM opened at $92.97 on Friday. The company has a market capitalization of $4.56 billion, a PE ratio of 7.24 and a beta of -0.12. Cal-Maine Foods, Inc. has a 52-week low of $55.15 and a 52-week high of $116.41. The company has a 50-day simple moving average of $95.51 and a 200-day simple moving average of $94.88.

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