Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 27.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 66,412 shares of the basic materials company's stock after selling 25,262 shares during the period. Alliancebernstein L.P. owned approximately 0.14% of Cal-Maine Foods worth $6,835,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CALM. Wellington Management Group LLP purchased a new stake in shares of Cal-Maine Foods during the 4th quarter valued at $391,000. Arrowstreet Capital Limited Partnership raised its stake in Cal-Maine Foods by 11.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 998,844 shares of the basic materials company's stock valued at $102,801,000 after buying an additional 104,512 shares during the last quarter. denkapparat Operations GmbH purchased a new stake in Cal-Maine Foods in the fourth quarter valued at about $589,000. Pictet Asset Management Holding SA boosted its holdings in Cal-Maine Foods by 8.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,384 shares of the basic materials company's stock worth $554,000 after acquiring an additional 402 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Cal-Maine Foods during the fourth quarter worth about $453,000. Institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Price Performance

CALM traded down $0.62 during trading on Thursday, reaching $91.88. 358,277 shares of the company's stock were exchanged, compared to its average volume of 710,065. Cal-Maine Foods, Inc. has a 1 year low of $55.15 and a 1 year high of $116.41. The company's fifty day simple moving average is $92.14 and its 200-day simple moving average is $96.31. The stock has a market capitalization of $4.51 billion, a P/E ratio of 7.15 and a beta of 0.11.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.79 by $4.59. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $953.76 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 101.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.00 earnings per share. Equities analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. StockNews.com downgraded shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Thursday, April 10th. Stephens restated an "equal weight" rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research note on Thursday, March 6th.

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.