Balyasny Asset Management L.P. Makes New $5.40 Million Investment in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Balyasny Asset Management L.P. purchased a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 52,467 shares of the basic materials company's stock, valued at approximately $5,400,000. Balyasny Asset Management L.P. owned about 0.11% of Cal-Maine Foods as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in CALM. Barclays PLC grew its holdings in Cal-Maine Foods by 48.3% in the 3rd quarter. Barclays PLC now owns 103,558 shares of the basic materials company's stock valued at $7,749,000 after buying an additional 33,731 shares during the last quarter. Franklin Resources Inc. increased its position in Cal-Maine Foods by 91.7% during the third quarter. Franklin Resources Inc. now owns 62,979 shares of the basic materials company's stock worth $4,713,000 after acquiring an additional 30,122 shares during the period. Friedenthal Financial acquired a new position in Cal-Maine Foods during the 4th quarter valued at $765,000. Hennion & Walsh Asset Management Inc. boosted its holdings in Cal-Maine Foods by 2.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 16,243 shares of the basic materials company's stock valued at $1,672,000 after purchasing an additional 324 shares during the period. Finally, Ritholtz Wealth Management grew its position in Cal-Maine Foods by 23.1% in the 4th quarter. Ritholtz Wealth Management now owns 3,564 shares of the basic materials company's stock worth $367,000 after purchasing an additional 668 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Trading Up 0.6 %

Shares of CALM opened at $91.26 on Friday. The stock has a market cap of $4.48 billion, a PE ratio of 7.10 and a beta of 0.18. Cal-Maine Foods, Inc. has a 1 year low of $57.18 and a 1 year high of $116.41. The stock has a 50 day simple moving average of $91.53 and a 200-day simple moving average of $97.10.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings data 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. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The company had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $953.76 million. During the same period last year, the business earned $3.00 earnings per share. The business's revenue was up 101.6% on a year-over-year basis. On average, sell-side analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CALM. BMO Capital Markets upgraded shares of Cal-Maine Foods to a "hold" rating in a research note on Tuesday, May 6th. StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Stephens reaffirmed an "equal weight" rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research report on Wednesday, April 23rd.

Insiders Place Their Bets

In other news, insider Adolphus B. Baker sold 140,266 shares of the business's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total value of $12,708,099.60. Following the transaction, the insider now directly owns 1,319,034 shares of the company's stock, valued at $119,504,480.40. The trade was a 9.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 13.45% of the company's stock.

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.

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