Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 153.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,654 shares of the basic materials company’s stock after buying an additional 20,379 shares during the quarter. SG Americas Securities LLC owned 0.07% of Cal-Maine Foods worth $1,931,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Cal-Maine Foods by 0.8% during the 1st quarter. BlackRock Inc. now owns 6,199,712 shares of the basic materials company’s stock worth $342,347,000 after buying an additional 48,222 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Cal-Maine Foods by 9.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,992,618 shares of the basic materials company’s stock worth $277,540,000 after buying an additional 446,909 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in Cal-Maine Foods by 13.9% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,721,026 shares of the basic materials company’s stock worth $83,332,000 after buying an additional 210,556 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Cal-Maine Foods by 21.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,655,520 shares of the basic materials company’s stock worth $74,498,000 after buying an additional 297,113 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Cal-Maine Foods by 2.9% during the 4th quarter. Millennium Management LLC now owns 1,604,025 shares of the basic materials company’s stock worth $87,339,000 after buying an additional 45,771 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Trading Down 1.4 %

Shares of CALM opened at $58.62 on Thursday. Cal-Maine Foods, Inc. has a twelve month low of $42.25 and a twelve month high of $62.58. The firm’s fifty day simple moving average is $57.30 and its 200-day simple moving average is $52.56. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 6.33 and a beta of -0.06.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Wednesday, January 3rd. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.48). Cal-Maine Foods had a net margin of 16.94% and a return on equity of 28.34%. The firm had revenue of $523.23 million during the quarter, compared to analyst estimates of $525.39 million. During the same quarter in the previous year, the business posted $4.07 earnings per share. Cal-Maine Foods’s revenue for the quarter was down 34.7% compared to the same quarter last year. On average, analysts predict that Cal-Maine Foods, Inc. will post 3.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Stephens increased their target price on shares of Cal-Maine Foods from $55.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, March 22nd.

Insider Activity

In related news, EVP Charles Jeff Hardin sold 750 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $56.51, for a total value of $42,382.50. Following the transaction, the executive vice president now directly owns 3,999 shares of the company’s stock, valued at approximately $225,983.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director James E. Poole sold 3,000 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $55.91, for a total value of $167,730.00. Following the transaction, the director now directly owns 11,670 shares of the company’s stock, valued at approximately $652,469.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Charles Jeff Hardin sold 750 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $56.51, for a total transaction of $42,382.50. Following the completion of the transaction, the executive vice president now directly owns 3,999 shares in the company, valued at $225,983.49. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,228 shares of company stock worth $520,122. 13.51% of the stock is currently owned by corporate 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.