Archford Capital Strategies LLC Buys Shares of 27,402 Cal-Maine Foods, Inc. (NASDAQ:CALM)

Archford Capital Strategies LLC acquired a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 27,402 shares of the basic materials company's stock, valued at approximately $2,491,000. Archford Capital Strategies LLC owned approximately 0.06% of Cal-Maine Foods as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Sanctuary Advisors LLC boosted its position in shares of Cal-Maine Foods by 6.1% in the fourth quarter. Sanctuary Advisors LLC now owns 7,357 shares of the basic materials company's stock worth $757,000 after buying an additional 422 shares during the period. Handelsbanken Fonder AB boosted its position in shares of Cal-Maine Foods by 13.7% in the fourth quarter. Handelsbanken Fonder AB now owns 6,637 shares of the basic materials company's stock worth $683,000 after buying an additional 800 shares during the period. Colonial River Investments LLC acquired a new stake in shares of Cal-Maine Foods in the fourth quarter worth $203,000. Bank of New York Mellon Corp boosted its position in shares of Cal-Maine Foods by 17.3% in the fourth quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company's stock worth $53,272,000 after buying an additional 76,387 shares during the period. Finally, CPA Asset Management LLC acquired a new stake in shares of Cal-Maine Foods in the fourth quarter worth $206,000. 84.67% of the stock is owned by institutional investors.

Insider Buying and Selling at Cal-Maine Foods

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 stock was 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 in the company, valued at $119,504,480.40. This trade represents a 9.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 13.45% of the company's stock.

Cal-Maine Foods Stock Performance

Shares of NASDAQ:CALM traded up $0.58 during midday trading on Friday, hitting $99.16. 1,849,338 shares of the stock were exchanged, compared to its average volume of 756,542. Cal-Maine Foods, Inc. has a 52-week low of $60.72 and a 52-week high of $116.41. The business's fifty day simple moving average is $96.10 and its two-hundred day simple moving average is $97.94. The company has a market capitalization of $4.86 billion, a PE ratio of 4.90 and a beta of 0.17.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.79 by $4.59. Cal-Maine Foods had a return on equity of 48.72% and a net margin of 26.08%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $953.76 million. During the same period last year, the company earned $3.00 earnings per share. Cal-Maine Foods's quarterly revenue was up 101.6% compared to the same quarter last year. As a group, equities analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CALM shares. Wall Street Zen cut Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. Stephens reiterated an "equal weight" rating and set a $97.00 price objective on shares of Cal-Maine Foods in a report on Wednesday, April 23rd. Finally, BMO Capital Markets upgraded Cal-Maine Foods to a "hold" rating in a report on Tuesday, May 6th.

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.