Brevan Howard Capital Management LP Has $4.60 Million Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Brevan Howard Capital Management LP boosted its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 234.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 44,645 shares of the basic materials company's stock after buying an additional 31,304 shares during the period. Brevan Howard Capital Management LP owned approximately 0.09% of Cal-Maine Foods worth $4,595,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Captrust Financial Advisors lifted its holdings in shares of Cal-Maine Foods by 0.3% during the fourth quarter. Captrust Financial Advisors now owns 55,892 shares of the basic materials company's stock worth $5,752,000 after buying an additional 163 shares in the last quarter. Cary Street Partners Financial LLC acquired a new stake in Cal-Maine Foods in the 4th quarter worth about $394,000. Balyasny Asset Management L.P. acquired a new stake in Cal-Maine Foods in the 4th quarter worth about $5,400,000. Baird Financial Group Inc. boosted its holdings in Cal-Maine Foods by 9.4% in the 4th quarter. Baird Financial Group Inc. now owns 184,797 shares of the basic materials company's stock valued at $19,019,000 after purchasing an additional 15,911 shares during the period. Finally, Algert Global LLC grew its position in shares of Cal-Maine Foods by 15.4% during the 4th quarter. Algert Global LLC now owns 96,931 shares of the basic materials company's stock worth $9,976,000 after purchasing an additional 12,905 shares in the last quarter. 84.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. BMO Capital Markets upgraded Cal-Maine Foods to a "hold" rating in a research note on Tuesday. StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Stephens restated an "equal weight" rating and issued a $97.00 price target on shares of Cal-Maine Foods in a research report on Wednesday, April 23rd.

Insider Transactions at Cal-Maine Foods

In related news, insider Adolphus B. Baker sold 140,266 shares of Cal-Maine Foods stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $90.60, for a total transaction of $12,708,099.60. Following the sale, the insider now directly owns 1,319,034 shares of the company's stock, valued at approximately $119,504,480.40. The trade was a 9.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 13.45% of the company's stock.

Cal-Maine Foods Price Performance

CALM traded up $0.53 during trading on Friday, hitting $91.26. 574,662 shares of the stock traded hands, compared to its average volume of 740,140. The business has a 50 day moving average price of $91.53 and a 200 day moving average price of $97.04. Cal-Maine Foods, Inc. has a twelve month low of $57.13 and a twelve month high of $116.41. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 7.10 and a beta of 0.18.

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

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.