Point72 Asset Management L.P. Makes New $4.26 Million Investment in Cal-Maine Foods, Inc. (NASDAQ:CALM)

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Savant Capital LLC grew its position in Cal-Maine Foods by 2.5% in the 4th 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 last quarter. Evergreen Capital Management LLC grew its position in Cal-Maine Foods by 1.7% in the 4th 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 last quarter. Two Sigma Securities LLC boosted its position in shares of Cal-Maine Foods by 2.8% during the 4th quarter. Two Sigma Securities LLC now owns 3,894 shares of the basic materials company's stock worth $401,000 after purchasing an additional 106 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Cal-Maine Foods by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,290 shares of the basic materials company's stock worth $442,000 after purchasing an additional 136 shares during the period. Finally, US Bancorp DE increased its holdings in shares of Cal-Maine Foods by 2.4% in the 4th quarter. US Bancorp DE now owns 6,710 shares of the basic materials company's stock valued at $691,000 after purchasing an additional 156 shares in the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CALM has been the subject of a number of research analyst reports. Stephens reiterated an "equal weight" rating and issued a $97.00 price target on shares of Cal-Maine Foods in a report on Wednesday, April 23rd. Wall Street Zen upgraded shares of Cal-Maine Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, BMO Capital Markets upgraded shares of Cal-Maine Foods to a "hold" rating in a report on Tuesday, May 6th.

Cal-Maine Foods Stock Performance

NASDAQ CALM traded up $0.09 during trading hours on Friday, reaching $95.10. The company's stock had a trading volume of 496,354 shares, compared to its average volume of 753,458. The stock has a market cap of $4.66 billion, a PE ratio of 7.40 and a beta of 0.18. Cal-Maine Foods, Inc. has a fifty-two week low of $57.43 and a fifty-two week high of $116.41. The company's 50-day moving average is $93.51 and its two-hundred day moving average is $97.63.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 8th. The basic materials company reported $10.38 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $953.76 million. During the same period in the prior year, the company earned $3.00 EPS. The firm's revenue was up 101.6% on a year-over-year basis. Equities analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of the firm's stock in a transaction dated 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 directly owns 1,319,034 shares of the company's stock, valued at $119,504,480.40. This trade represents a 9.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 13.45% of the stock is owned by corporate insiders.

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.