Archford Capital Strategies LLC Takes $2.49 Million Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Cal-Maine Foods by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company's stock valued at $504,885,000 after buying an additional 118,162 shares during the last quarter. American Century Companies Inc. raised its stake in Cal-Maine Foods by 12.7% in the 4th quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company's stock valued at $130,361,000 after acquiring an additional 143,189 shares during the period. 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 valued at $102,801,000 after purchasing an additional 104,512 shares during the last quarter. Northern Trust Corp boosted its position in Cal-Maine Foods by 60.2% during the fourth quarter. Northern Trust Corp now owns 674,335 shares of the basic materials company's stock worth $69,403,000 after purchasing an additional 253,310 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Cal-Maine Foods by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 644,130 shares of the basic materials company's stock valued at $66,294,000 after purchasing an additional 22,939 shares during the last quarter. Institutional investors own 84.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CALM shares. Wall Street Zen cut shares of Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. Stephens reissued an "equal weight" rating and issued a $97.00 price target 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.

Insider Transactions at Cal-Maine Foods

In other news, insider Adolphus B. Baker sold 140,266 shares of the company's stock in a transaction on 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 completion of the sale, the insider now directly owns 1,319,034 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Insiders own 13.45% of the company's stock.

Cal-Maine Foods Stock Down 0.8%

Shares of CALM traded down $0.76 during midday trading on Thursday, reaching $98.58. 559,236 shares of the stock were exchanged, compared to its average volume of 750,005. The stock's 50 day simple moving average is $95.80 and its 200 day simple moving average is $98.00. The company has a market cap of $4.84 billion, a P/E ratio of 4.87 and a beta of 0.17. Cal-Maine Foods, Inc. has a twelve month low of $60.00 and a twelve month high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its quarterly earnings results 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 business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $953.76 million. Cal-Maine Foods had a net margin of 26.08% and a return on equity of 48.72%. Cal-Maine Foods's revenue for the quarter was up 101.6% compared to the same quarter last year. During the same period last year, the firm earned $3.00 earnings per share. As a group, analysts predict 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.