Cal-Maine Foods, Inc. (NASDAQ:CALM) Position Cut by Bridgewater Associates LP

Bridgewater Associates LP reduced its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 72.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,706 shares of the basic materials company's stock after selling 19,892 shares during the quarter. Bridgewater Associates LP's holdings in Cal-Maine Foods were worth $793,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Stifel Financial Corp raised its position in shares of Cal-Maine Foods by 1.3% during the third quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company's stock valued at $1,126,000 after buying an additional 188 shares during the last quarter. MML Investors Services LLC raised its holdings in Cal-Maine Foods by 9.6% during the third quarter. MML Investors Services LLC now owns 4,464 shares of the basic materials company's stock worth $334,000 after acquiring an additional 392 shares in the last quarter. Barclays PLC boosted its stake in shares of Cal-Maine Foods by 48.3% during the 3rd quarter. Barclays PLC now owns 103,558 shares of the basic materials company's stock worth $7,749,000 after acquiring an additional 33,731 shares during the period. Geode Capital Management LLC boosted its stake in Cal-Maine Foods by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 988,599 shares of the basic materials company's stock valued at $74,000,000 after purchasing an additional 10,984 shares during the period. Finally, Sanctuary Advisors LLC raised its holdings in Cal-Maine Foods by 7.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 6,935 shares of the basic materials company's stock valued at $519,000 after acquiring an additional 467 shares in the last quarter. Institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Stock Performance

Shares of NASDAQ CALM traded up $0.90 during midday trading on Friday, hitting $93.58. 173,951 shares of the company's stock traded hands, compared to its average volume of 1,065,520. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 7.28 and a beta of 0.11. Cal-Maine Foods, Inc. has a 1 year low of $55.15 and a 1 year high of $116.41. The firm has a fifty day moving average of $90.62 and a 200 day moving average of $96.82.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, topping the consensus estimate of $5.79 by $4.59. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $953.76 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The business's revenue for the quarter was up 101.6% compared to the same quarter last year. During the same period last year, the company earned $3.00 earnings per share. On average, equities analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CALM. Stephens reaffirmed an "equal weight" rating and set a $97.00 target price on shares of Cal-Maine Foods in a research report on Wednesday. StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Thursday.

Insiders Place Their Bets

In other news, insider Adolphus B. Baker sold 140,266 shares of Cal-Maine Foods stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $90.60, for a total transaction of $12,708,099.60. Following the sale, the insider now owns 1,319,034 shares in the company, valued at approximately $119,504,480.40. The trade was a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 13.45% of the stock is currently owned by corporate insiders.

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.