Edgestream Partners L.P. Purchases New Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Edgestream Partners L.P. purchased a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 22,476 shares of the basic materials company’s stock, valued at approximately $2,313,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Savant Capital LLC increased its holdings in Cal-Maine Foods by 2.5% in the 4th quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company’s stock valued at $391,000 after purchasing an additional 92 shares in the last quarter. Martingale Asset Management L P increased its holdings in Cal-Maine Foods by 0.4% in the 3rd quarter. Martingale Asset Management L P now owns 39,321 shares of the basic materials company’s stock valued at $2,943,000 after purchasing an additional 145 shares in the last quarter. US Bancorp DE increased its holdings in Cal-Maine Foods by 2.4% in the 4th quarter. US Bancorp DE now owns 6,710 shares of the basic materials company’s stock valued at $691,000 after purchasing an additional 156 shares in the last quarter. Stifel Financial Corp increased its holdings in Cal-Maine Foods by 1.3% in the 3rd quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company’s stock valued at $1,126,000 after purchasing an additional 188 shares in the last quarter. Finally, Quarry LP grew its stake 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 valued at $58,000 after acquiring an additional 189 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Price Performance

Shares of Cal-Maine Foods stock opened at $87.18 on Monday. The business has a 50-day moving average of $102.35 and a 200-day moving average of $92.65. The company has a market capitalization of $4.27 billion, a PE ratio of 6.78 and a beta of -0.12. Cal-Maine Foods, Inc. has a 1-year low of $55.00 and a 1-year high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, topping the consensus estimate of $4.05 by $0.42. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The business had revenue of $954.70 million for the quarter, compared to analysts’ expectations of $751.50 million. During the same quarter last year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 82.5% compared to the same quarter last year. On average, equities analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Insider Transactions at Cal-Maine Foods

In other 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 transaction of $88,965.73. Following the transaction, the director now owns 42,761 shares of the company’s stock, valued at approximately $4,702,427.17. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 13.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CALM. Stephens restated an “equal weight” rating and set a $97.00 target price on shares of Cal-Maine Foods in a research note on Thursday. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

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.