Assenagon Asset Management S.A. Purchases 2,855 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Assenagon Asset Management S.A. increased its position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 12.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,583 shares of the basic materials company's stock after buying an additional 2,855 shares during the quarter. Assenagon Asset Management S.A. owned about 0.05% of Cal-Maine Foods worth $2,416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CALM. Asset Management One Co. Ltd. raised its stake in shares of Cal-Maine Foods by 1,061.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 32,924 shares of the basic materials company's stock valued at $3,330,000 after acquiring an additional 30,089 shares during the period. Smartleaf Asset Management LLC increased its holdings in Cal-Maine Foods by 339.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock valued at $105,000 after purchasing an additional 797 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Cal-Maine Foods in the fourth quarter valued at about $239,000. US Bancorp DE boosted its position in shares of Cal-Maine Foods by 2.4% in the fourth quarter. US Bancorp DE now owns 6,710 shares of the basic materials company's stock worth $691,000 after buying an additional 156 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Cal-Maine Foods by 52.5% in the fourth quarter. Victory Capital Management Inc. now owns 196,874 shares of the basic materials company's stock worth $20,262,000 after buying an additional 67,807 shares during the period. Institutional investors and hedge funds own 84.67% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on CALM. Wall Street Zen downgraded shares of Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. BMO Capital Markets upgraded Cal-Maine Foods to a "hold" rating in a report on Tuesday, May 6th. Finally, Stephens restated an "equal weight" rating and issued a $97.00 price target on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd.

Cal-Maine Foods Trading Up 2.4%

NASDAQ:CALM traded up $2.46 during mid-day trading on Wednesday, reaching $103.07. 783,643 shares of the stock were exchanged, compared to its average volume of 758,250. The business has a fifty day moving average price of $95.06 and a 200 day moving average price of $97.84. The firm has a market capitalization of $5.06 billion, a PE ratio of 5.09 and a beta of 0.17. Cal-Maine Foods, Inc. has a 1-year low of $57.56 and a 1-year high of $116.41.

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 earnings per share for the quarter, beating analysts' consensus estimates of $5.79 by $4.59. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $953.76 million. Cal-Maine Foods had a return on equity of 48.72% and a net margin of 26.08%. The firm's revenue was up 101.6% compared to the same quarter last year. During the same period last year, the business earned $3.00 EPS. On average, sell-side analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Adolphus B. Baker sold 140,266 shares of the firm'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 sale, the insider now owns 1,319,034 shares of the company's stock, valued at approximately $119,504,480.40. This trade represents a 9.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 13.45% of the company's stock.

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.