Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 17.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,423 shares of the basic materials company's stock after selling 2,626 shares during the quarter. Stifel Financial Corp's holdings in Cal-Maine Foods were worth $1,279,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its holdings in Cal-Maine Foods by 6,005.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,396 shares of the basic materials company's stock worth $452,000 after purchasing an additional 4,324 shares during the period. MetLife Investment Management LLC increased its holdings in shares of Cal-Maine Foods by 2.7% in the 4th quarter. MetLife Investment Management LLC now owns 24,328 shares of the basic materials company's stock valued at $2,504,000 after acquiring an additional 639 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Cal-Maine Foods in the 4th quarter valued at about $3,296,000. Freedom Investment Management Inc. purchased a new position in shares of Cal-Maine Foods in the 4th quarter valued at about $305,000. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Cal-Maine Foods by 3.9% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 42,857 shares of the basic materials company's stock valued at $4,411,000 after acquiring an additional 1,603 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company's stock.

Insider Buying and Selling

In related news, insider Adolphus B. Baker sold 140,266 shares of Cal-Maine Foods stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 13.45% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Cal-Maine Foods Price Performance

Shares of CALM stock traded up $1.52 during midday trading on Monday, hitting $92.75. The company had a trading volume of 385,013 shares, compared to its average volume of 740,301. The company's 50 day simple moving average is $91.53 and its 200 day simple moving average is $97.15. Cal-Maine Foods, Inc. has a 52-week low of $57.18 and a 52-week high of $116.41. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 7.22 and a beta of 0.18.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, beating the consensus estimate of $5.79 by $4.59. The company had revenue of $1.42 billion for 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 company's revenue was up 101.6% on a year-over-year basis. During the same period last year, the business posted $3.00 EPS. Analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS 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.