Dean Capital Management Reduces Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Dean Capital Management decreased its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 38.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,666 shares of the basic materials company's stock after selling 6,712 shares during the period. Dean Capital Management's holdings in Cal-Maine Foods were worth $1,098,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Savant Capital LLC grew its position in Cal-Maine Foods by 2.5% during the fourth quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company's stock valued at $391,000 after buying an additional 92 shares during the period. Evergreen Capital Management LLC grew its position in Cal-Maine Foods by 1.7% during the fourth quarter. Evergreen Capital Management LLC now owns 5,755 shares of the basic materials company's stock valued at $592,000 after buying an additional 97 shares during the period. Two Sigma Securities LLC grew its position in Cal-Maine Foods by 2.8% during the fourth quarter. Two Sigma Securities LLC now owns 3,894 shares of the basic materials company's stock valued at $401,000 after buying an additional 106 shares during the period. Summit Investment Advisors Inc. grew its position in Cal-Maine Foods by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,290 shares of the basic materials company's stock valued at $442,000 after buying an additional 136 shares during the period. Finally, US Bancorp DE grew its position in Cal-Maine Foods by 2.4% during the fourth quarter. US Bancorp DE now owns 6,710 shares of the basic materials company's stock valued at $691,000 after buying an additional 156 shares during the period. Hedge funds and other institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Price Performance

Shares of NASDAQ:CALM traded up $1.44 during trading on Monday, hitting $92.67. 824,138 shares of the company were exchanged, compared to its average volume of 742,018. The stock has a market capitalization of $4.55 billion, a P/E ratio of 7.21 and a beta of 0.18. Cal-Maine Foods, Inc. has a 12-month low of $57.18 and a 12-month high of $116.41. The firm's 50 day moving average price is $91.53 and its 200-day moving average price is $97.15.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $953.76 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. Cal-Maine Foods's quarterly revenue was up 101.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.00 EPS. As a group, equities research analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Insiders Place Their Bets

In other news, insider Adolphus B. Baker sold 140,266 shares of the company's stock in a transaction 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 transaction, the insider now directly owns 1,319,034 shares of the company's stock, valued at $119,504,480.40. This represents a 9.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.45% of the stock is owned by insiders.

Analyst Ratings Changes

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

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.