Cary Street Partners Financial LLC Makes New $394,000 Investment in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Cary Street Partners Financial LLC bought a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,827 shares of the basic materials company's stock, valued at approximately $394,000.

Other hedge funds have also recently modified their holdings of the company. Balyasny Asset Management L.P. purchased a new stake in shares of Cal-Maine Foods during the 4th quarter worth approximately $5,400,000. Baird Financial Group Inc. increased its stake in shares of Cal-Maine Foods by 9.4% during the 4th quarter. Baird Financial Group Inc. now owns 184,797 shares of the basic materials company's stock worth $19,019,000 after purchasing an additional 15,911 shares during the last quarter. Algert Global LLC increased its stake 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 during the last quarter. Westbourne Investments Inc. purchased a new stake in shares of Cal-Maine Foods during the 4th quarter worth approximately $638,000. Finally, Parvin Asset Management LLC purchased a new stake in shares of Cal-Maine Foods during the 4th quarter worth approximately $361,000. Institutional investors own 84.67% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CALM. StockNews.com raised shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Saturday. BMO Capital Markets raised shares of Cal-Maine Foods to a "hold" rating in a report on Tuesday, May 6th. Finally, Stephens reissued an "equal weight" rating and set a $97.00 target price on shares of Cal-Maine Foods in a report on Wednesday, April 23rd.

Insiders Place Their Bets

In other news, insider Adolphus B. Baker sold 140,266 shares of the 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 owns 1,319,034 shares in the company, valued at $119,504,480.40. This represents a 9.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 13.45% of the company's stock.

Cal-Maine Foods Stock Up 1.4%

Shares of Cal-Maine Foods stock traded up $1.28 during trading on Tuesday, reaching $93.95. 774,874 shares of the stock were exchanged, compared to its average volume of 743,219. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 7.31 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's fifty day moving average is $91.70 and its 200 day moving average is $97.18.

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

Cal-Maine Foods 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.