Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC lifted its position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,721 shares of the basic materials company's stock after acquiring an additional 8,810 shares during the period. Lazard Asset Management LLC owned 0.22% of Cal-Maine Foods worth $10,983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in shares of Cal-Maine Foods by 339.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock valued at $105,000 after purchasing an additional 797 shares during the period. Daiwa Securities Group Inc. purchased a new stake in Cal-Maine Foods in the fourth quarter valued at approximately $134,000. Nisa Investment Advisors LLC increased its holdings in Cal-Maine Foods by 350.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock worth $148,000 after buying an additional 1,118 shares during the period. KBC Group NV increased its holdings in Cal-Maine Foods by 59.8% in the 4th quarter. KBC Group NV now owns 1,681 shares of the basic materials company's stock worth $173,000 after buying an additional 629 shares during the period. Finally, Colonial River Investments LLC purchased a new position in Cal-Maine Foods during the 4th quarter worth approximately $203,000. Hedge funds and other institutional investors own 84.67% of the company's stock.

Wall Street Analysts Forecast Growth

CALM has been the topic of a number of research reports. Stephens reiterated an "equal weight" rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd. BMO Capital Markets raised Cal-Maine Foods to a "hold" rating in a research report on Tuesday, May 6th. Finally, StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Saturday, May 10th.

Insider Activity

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 1,319,034 shares in the company, valued at approximately $119,504,480.40. This represents a 9.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 13.45% of the company's stock.

Cal-Maine Foods Stock Up 2.7%

Shares of NASDAQ:CALM traded up $2.63 during trading on Friday, hitting $99.64. 849,115 shares of the stock traded hands, compared to its average volume of 750,761. The company has a fifty day moving average price of $92.50 and a two-hundred day moving average price of $97.30. Cal-Maine Foods, Inc. has a 52-week low of $57.43 and a 52-week high of $116.41. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 7.75 and a beta of 0.18.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its quarterly earnings data on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share 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 analysts' expectations 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 revenue for the quarter was up 101.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.00 earnings per share. On average, equities research analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal 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.