41,356 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 41,356 shares of the basic materials company's stock, valued at approximately $4,256,000. Point72 Asset Management L.P. owned approximately 0.08% of Cal-Maine Foods at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Cal-Maine Foods by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company's stock worth $504,885,000 after purchasing an additional 118,162 shares in the last quarter. American Century Companies Inc. lifted its holdings in Cal-Maine Foods by 12.7% during the 4th quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company's stock worth $130,361,000 after buying an additional 143,189 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Cal-Maine Foods by 11.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 998,844 shares of the basic materials company's stock worth $102,801,000 after buying an additional 104,512 shares during the last quarter. Northern Trust Corp lifted its holdings in Cal-Maine Foods by 60.2% during the 4th quarter. Northern Trust Corp now owns 674,335 shares of the basic materials company's stock worth $69,403,000 after buying an additional 253,310 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Cal-Maine Foods by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 644,130 shares of the basic materials company's stock worth $66,294,000 after buying an additional 22,939 shares during the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Cal-Maine Foods Trading Down 2.5%

Shares of CALM stock opened at $97.17 on Tuesday. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 7.56 and a beta of 0.18. The stock has a 50 day simple moving average of $92.71 and a 200-day simple moving average of $97.44. Cal-Maine Foods, Inc. has a 12-month low of $57.43 and a 12-month high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.79 by $4.59. The business had revenue of $1.42 billion during 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 for the quarter was up 101.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.00 EPS. On average, equities analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Insider Transactions at Cal-Maine Foods

In related news, insider Adolphus B. Baker sold 140,266 shares of the company's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total value 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 13.45% of the company's stock.

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.

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